Strs Ohio Buys New Stake in Upstart Holdings, Inc. $UPST

Key Points

• Strs Ohio has acquired a new stake in Upstart Holdings, purchasing 5,200 shares valued at approximately $239,000 during the 1st quarter of the year.
• Upstart stock has decreased by 2.8%, currently opening at $60.61, with a significant drop from its 12-month high of $96.43.
• A diverse group of investors has recently traded shares, with institutional ownership at 63.01% and significant insider selling reported by key executives.

Strs Ohio bought a new stake in Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,200 shares of the company's stock, valued at approximately $239,000.

Other large investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Upstart by 32.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,730 shares of the company's stock valued at $8,973,000 after purchasing an additional 35,315 shares in the last quarter. Mackenzie Financial Corp bought a new position in Upstart during the 4th quarter valued at $62,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Upstart during the 4th quarter valued at $6,900,000. Wealth Enhancement Advisory Services LLC bought a new position in Upstart during the 4th quarter valued at $284,000. Finally, California State Teachers Retirement System boosted its stake in Upstart by 0.7% during the 4th quarter. California State Teachers Retirement System now owns 71,330 shares of the company's stock valued at $4,392,000 after purchasing an additional 503 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Upstart Stock Down 2.8%

UPST opened at $60.61 on Thursday. The stock has a fifty day moving average of $70.63 and a 200-day moving average of $58.55. The firm has a market capitalization of $5.83 billion, a P/E ratio of -757.63 and a beta of 2.37. Upstart Holdings, Inc. has a 12-month low of $31.40 and a 12-month high of $96.43.

Upstart (NASDAQ:UPST - Get Free Report) last released its 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 company 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 for the quarter was up 101.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.17) earnings per share. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Natalia Mirgorodskaya sold 1,439 shares of the stock in a transaction 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 completion of the sale, the insider directly owned 21,081 shares in the company, valued at approximately $1,459,016.01. This trade represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Paul Gu sold 5,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $68.61, for a total value of $343,050.00. Following the sale, the chief technology officer owned 1,147,156 shares of the company's stock, valued at approximately $78,706,373.16. This represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,414 shares of company stock valued at $10,709,482. 16.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. 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. The Goldman Sachs Group raised Upstart to a "sell" rating and set a $71.00 price target for the company in a research note on Monday, July 14th. Bank of America decreased their price target on Upstart from $88.00 to $87.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Stephens assumed coverage on Upstart in a research note on Thursday, June 12th. They set an "equal weight" rating and a $55.00 price target for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $82.00 price target (up from $70.00) on shares of Upstart in a research note on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $81.08.

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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