Cadent Capital Advisors LLC Takes $1.01 Million Position in Upstart Holdings, Inc. $UPST

Key Points

• Cadent Capital Advisors LLC has acquired a new position in Upstart Holdings, Inc., purchasing 15,625 shares worth approximately $1.01 million.
• Analysts have mixed opinions on Upstart, with a consensus rating of "Hold" and an average price target of $81.08, reflecting varied expectations for the stock's performance.
• Upstart reported a 101.6% revenue increase year-over-year, with a quarterly revenue of $257.29 million, surpassing analyst expectations of $225.35 million.

Cadent Capital Advisors LLC purchased a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,625 shares of the company's stock, valued at approximately $1,011,000.

Several other large investors have also recently made changes to their positions in the business. Mackenzie Financial Corp purchased a new position in shares of Upstart in the fourth quarter worth about $62,000. GAMMA Investing LLC grew its stake in Upstart by 23.3% in the first quarter. GAMMA Investing LLC now owns 1,662 shares of the company's stock worth $77,000 after purchasing an additional 314 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Upstart by 385.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,950 shares of the company's stock worth $90,000 after buying an additional 1,548 shares during the period. NewEdge Advisors LLC grew its holdings in Upstart by 20.0% in the first quarter. NewEdge Advisors LLC now owns 1,997 shares of the company's stock worth $92,000 after purchasing an additional 333 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in shares of Upstart by 71.2% in the first quarter. Asset Management One Co. Ltd. now owns 2,010 shares of the company's stock worth $93,000 after acquiring an additional 836 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Bank of America cut their price target on shares of Upstart from $88.00 to $87.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. The Goldman Sachs Group upgraded Upstart to a "sell" rating and set a $71.00 price target on the stock in a research note on Monday, July 14th. JPMorgan Chase & Co. raised shares of Upstart from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $93.00 to $88.00 in a report on Wednesday, August 20th. Needham & Company LLC reiterated a "buy" rating and set a $82.00 target price (up from $70.00) on shares of Upstart in a research report on Wednesday, August 6th. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of Upstart in a report on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $81.08.

Upstart Price Performance

Shares of UPST opened at $56.93 on Friday. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of -711.63 and a beta of 2.37. The business's 50 day simple moving average is $70.22 and its 200-day simple moving average is $58.62. Upstart Holdings, Inc. has a 1 year low of $31.40 and a 1 year high of $96.43.

Upstart (NASDAQ:UPST - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.09. Upstart had a negative net margin of 0.75% and a negative return on equity of 5.95%. The firm had revenue of $257.29 million for the quarter, compared to analysts' expectations of $225.35 million. During the same period in the prior year, the company earned ($0.17) EPS. The business's revenue was up 101.6% compared to the same quarter last year. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Insider Activity at Upstart

In other news, CFO Sanjay Datta sold 13,473 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $61.12, for a total value of $823,469.76. Following the sale, the chief financial officer directly owned 297,904 shares in the company, valued at approximately $18,207,892.48. This represents a 4.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Natalia Mirgorodskaya sold 1,439 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $69.21, for a total transaction of $99,593.19. Following the completion of the transaction, the insider directly owned 21,081 shares in the company, valued at $1,459,016.01. This represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 158,414 shares of company stock worth $10,709,482 in the last ninety days. Corporate insiders own 16.67% of the company's stock.

Upstart Profile

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.

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