Scientech Research LLC Takes Position in Upstart Holdings, Inc. $UPST

Key Points

• Scientech Research LLC acquired a stake in Upstart Holdings, purchasing 34,958 shares valued at approximately $1.6 million, making it their 26th largest investment.
• Vanguard Group, Two Sigma Investments, and Invesco have all increased their holdings in Upstart, indicating rising institutional interest, with institutional investors now owning 63.01% of the company's stock.
• Analysts maintain a mix of ratings on Upstart, with six rating it as a Buy and an average target price of $78.54, while the current trading price sits around $66.90.

Scientech Research LLC acquired a new position in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,958 shares of the company's stock, valued at approximately $1,609,000. Upstart makes up about 0.4% of Scientech Research LLC's investment portfolio, making the stock its 26th largest holding.

A number of other institutional investors have also recently bought and sold shares of the business. Virtus Fund Advisers LLC purchased a new stake in shares of Upstart during the 4th quarter valued at $32,000. Mackenzie Financial Corp bought a new position in Upstart during the fourth quarter valued at about $62,000. GAMMA Investing LLC raised 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 valued at $77,000 after buying an additional 314 shares during the period. PNC Financial Services Group Inc. boosted its position in Upstart by 385.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,950 shares of the company's stock worth $90,000 after purchasing an additional 1,548 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of 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 in the last quarter. Institutional investors own 63.01% of the company's stock.

Insider Activity at Upstart

In related news, insider Natalia Mirgorodskaya sold 1,439 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $69.21, for a total transaction of $99,593.19. Following the transaction, the insider directly owned 21,081 shares in the company, valued at $1,459,016.01. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sanjay Datta sold 13,473 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 of the company's stock, valued at approximately $18,207,892.48. This trade represents a 4.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 158,414 shares of company stock worth $10,506,147 over the last three months. Corporate insiders own 16.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Bank of America cut their price target on Upstart from $88.00 to $87.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Needham & Company LLC reissued a "buy" rating and issued a $82.00 price target (up from $70.00) on shares of Upstart in a report on Wednesday, August 6th. 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 research report on Wednesday, August 6th. Morgan Stanley reiterated an "equal weight" rating on shares of Upstart in a research report on Wednesday, August 6th. Finally, Stephens began coverage on Upstart in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $55.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $78.54.

Upstart Stock Performance

UPST traded up $2.32 during trading on Friday, reaching $64.51. The stock had a trading volume of 4,073,788 shares, compared to its average volume of 6,330,773. The business has a 50-day moving average of $72.55 and a 200-day moving average of $58.35. Upstart Holdings, Inc. has a one year low of $31.40 and a one year high of $96.43. The stock has a market cap of $6.21 billion, a PE ratio of -806.00 and a beta of 2.37.

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