Credit Agricole S A Acquires 23,641 Shares of Upstart Holdings, Inc. $UPST

Key Points

• Credit Agricole S A has increased its stake in Upstart Holdings by 500.2%, acquiring a total of 28,367 shares worth approximately $1.3 million.
• Upstart's stock is currently trading at $68.85 with a market cap of $6.62 billion and has seen a revenue increase of 101.6% year-over-year, reaching $257.29 million in the recent quarter.
• Several analysts have upgraded Upstart's stock ratings, with Piper Sandler raising its price target from $75 to $90, while the consensus rating remains "Hold" with a target price of $78.54.

Credit Agricole S A raised its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 500.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,367 shares of the company's stock after buying an additional 23,641 shares during the period. Credit Agricole S A's holdings in Upstart were worth $1,306,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Virtus Fund Advisers LLC purchased a new stake in shares of Upstart during the fourth quarter valued at approximately $32,000. Mackenzie Financial Corp purchased a new stake in shares of Upstart during the fourth quarter valued at approximately $62,000. Ancora Advisors LLC raised its stake in shares of Upstart by 31.3% during the fourth quarter. Ancora Advisors LLC now owns 1,575 shares of the company's stock valued at $97,000 after purchasing an additional 375 shares during the period. GAMMA Investing LLC increased its stake in shares of 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 buying an additional 314 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Upstart by 150.6% in the fourth quarter. NewEdge Advisors LLC now owns 1,664 shares of the company's stock worth $102,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Upstart Stock Down 0.6%

Upstart stock traded down $0.45 during midday trading on Friday, hitting $73.31. The company's stock had a trading volume of 4,389,356 shares, compared to its average volume of 6,312,465. The stock's 50-day moving average price is $72.07 and its 200-day moving average price is $59.19. Upstart Holdings, Inc. has a 12 month low of $31.40 and a 12 month high of $96.43. The company has a market capitalization of $7.05 billion, a PE ratio of -917.28 and a beta of 2.39.

Upstart (NASDAQ:UPST - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, topping 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 previous year, the business earned ($0.17) earnings per share. Upstart's revenue for the quarter 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. As a group, equities analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Stephens assumed coverage on shares of Upstart in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $55.00 price target for the company. JPMorgan Chase & Co. upgraded shares of Upstart from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $93.00 to $88.00 in a research note on Wednesday, August 20th. Piper Sandler boosted their price target on shares of Upstart from $75.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Barclays boosted their price target on shares of Upstart from $42.00 to $47.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Finally, The Goldman Sachs Group raised shares of Upstart to a "sell" rating and set a $71.00 price target for the company in a report on Monday, July 14th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Upstart has a consensus rating of "Hold" and a consensus price target of $78.54.

Insiders Place Their Bets

In other Upstart news, CEO Dave Girouard sold 41,667 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $63.27, for a total transaction of $2,636,271.09. Following the completion of the sale, the chief executive officer directly owned 52,614 shares of the company's stock, valued at approximately $3,328,887.78. This represents a 44.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Datta sold 13,473 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $61.12, for a total transaction of $823,469.76. Following the sale, the chief financial officer directly owned 297,904 shares of the company's stock, valued at $18,207,892.48. This represents a 4.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 193,642 shares of company stock worth $12,556,962. Company insiders own 16.67% of the company's stock.

About Upstart

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.