Quantitative Investment Management LLC Invests $326,000 in Upstart Holdings, Inc. $UPST

Key Points

• Quantitative Investment Management LLC purchased 7,083 shares of Upstart Holdings, valued at approximately $326,000, indicating significant institutional interest in the company.
• Upstart's recent quarterly earnings showed a revenue increase of 101.6% year-over-year, with earnings per share of $0.36, exceeding consensus estimates of $0.27.
• Analysts have mixed ratings on UPST shares, with six analysts issuing a Buy rating and a consensus price target of $78.54.

Quantitative Investment Management LLC acquired a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,083 shares of the company's stock, valued at approximately $326,000.

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

Insider Activity at Upstart

In related news, insider Natalia Mirgorodskaya sold 6,533 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $70.06, for a total transaction of $457,701.98. Following the completion of the transaction, the insider directly owned 24,623 shares of the company's stock, valued at approximately $1,725,087.38. This represents a 20.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dave Girouard sold 41,667 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $60.05, for a total value of $2,502,103.35. Following the transaction, the chief executive officer directly owned 52,614 shares of the company's stock, valued at $3,159,470.70. This trade represents a 44.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 193,642 shares of company stock valued at $12,556,962. Insiders own 16.67% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UPST. Needham & Company LLC reaffirmed a "buy" rating and issued a $82.00 price target (up previously from $70.00) on shares of Upstart in a research note on Wednesday, August 6th. JPMorgan Chase & Co. raised Upstart from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $93.00 to $88.00 in a research note on Wednesday, August 20th. Bank of America reduced their price objective on Upstart from $88.00 to $87.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. 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. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Upstart in a research note on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Upstart has a consensus rating of "Hold" and an average target price of $78.54.

Upstart Price Performance

Shares of Upstart stock traded down $0.48 during trading hours on Friday, hitting $73.28. The company's stock had a trading volume of 5,760,804 shares, compared to its average volume of 7,976,939. Upstart Holdings, Inc. has a 12 month low of $31.40 and a 12 month high of $96.43. The stock has a 50 day moving average of $72.38 and a 200 day moving average of $59.23. The company has a market capitalization of $7.05 billion, a PE ratio of -916.00 and a beta of 2.39.

Upstart (NASDAQ:UPST - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.09. Upstart had a negative return on equity of 5.95% and a negative net margin of 0.75%.The company had revenue of $257.29 million during the quarter, compared to analysts' expectations of $225.35 million. During the same period in the prior year, the firm 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. Equities analysts expect that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

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.