Jump Financial LLC Boosts Position in Upstart Holdings, Inc. $UPST

Key Points

• Jump Financial LLC increased its stake in Upstart Holdings by 57%, owning over 262,000 shares worth approximately $12 million.
• Upstart's recent earnings report showed a 101.6% increase in revenue year-over-year, alongside an EPS of $0.36, surpassing estimates by $0.09.
• Analysts have mixed sentiments, with six rating the stock as a Buy and others giving it a Hold rating, while the average target price stands at $78.54.

Jump Financial LLC boosted its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 57.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 262,327 shares of the company's stock after purchasing an additional 95,290 shares during the quarter. Jump Financial LLC owned approximately 0.28% of Upstart worth $12,075,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC bought a new stake in Upstart during the 4th quarter valued at $32,000. Mackenzie Financial Corp bought a new stake in shares of Upstart in the 4th quarter worth $62,000. Ancora Advisors LLC raised its stake in shares of Upstart by 31.3% in the 4th quarter. Ancora Advisors LLC now owns 1,575 shares of the company's stock worth $97,000 after buying an additional 375 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Upstart by 23.3% in the 1st quarter. GAMMA Investing LLC now owns 1,662 shares of the company's stock worth $77,000 after buying an additional 314 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Upstart by 150.6% in the 4th quarter. NewEdge Advisors LLC now owns 1,664 shares of the company's stock worth $102,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 63.01% of the company's stock.

Insider Activity at Upstart

In other news, CEO Dave Girouard sold 41,667 shares of the 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 transaction, the chief executive officer directly owned 52,614 shares in the company, valued at $3,328,887.78. This represents a 44.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Natalia Mirgorodskaya sold 1,024 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.00, for a total transaction of $69,632.00. Following the transaction, the insider owned 22,520 shares in the company, valued at approximately $1,531,360. The trade was a 4.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 193,642 shares of company stock valued at $12,556,962. Insiders own 16.67% of the company's stock.

Upstart Stock Performance

UPST traded up $4.16 during trading on Thursday, hitting $73.76. The stock had a trading volume of 7,336,477 shares, compared to its average volume of 6,323,222. The firm has a market capitalization of $7.10 billion, a P/E ratio of -922.00 and a beta of 2.39. The company's 50-day moving average price is $71.78 and its 200 day moving average price is $59.17. Upstart Holdings, Inc. has a twelve month low of $31.40 and a twelve month high of $96.43.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UPST. Piper Sandler boosted their price objective on Upstart from $75.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. raised Upstart from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $93.00 to $88.00 in a research report on Wednesday, August 20th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Upstart in a research report on Wednesday, August 6th. Stephens began coverage on Upstart in a research report on Thursday, June 12th. They set an "equal weight" rating and a $55.00 target price on the stock. Finally, Barclays boosted their target price on Upstart from $42.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Upstart presently has an average rating of "Hold" and a consensus target price of $78.54.

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.