UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 40,292 Shares of Upstart Holdings, Inc. $UPST

Key Points

• UBS Asset Management cut its Upstart stake by 22.5% in the second quarter, selling 40,292 shares and retaining 138,692 shares valued at approximately $4.9 million. Institutional investors collectively own 63.01% of the company.
• Analyst sentiment remains mixed, with Upstart receiving a consensus “Hold” rating and an average price target of $43.75. Recent targets range from $30 to $51, while ratings include eight Buys, seven Holds, and two Sells.
• Upstart shares opened at $25.89 after falling 4%, despite reporting 41.9% year-over-year revenue growth to $364.71 million in its latest quarter; earnings of $0.16 per share missed estimates by $0.02.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 22.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,692 shares of the company's stock after selling 40,292 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Upstart worth $4,914,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UPST. Cresset Asset Management LLC boosted its holdings in shares of Upstart by 3.3% in the 2nd quarter. Cresset Asset Management LLC now owns 5,241 shares of the company's stock valued at $339,000 after purchasing an additional 169 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Upstart by 29.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company's stock worth $69,000 after buying an additional 241 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Upstart by 5.3% during the 2nd quarter. Advisory Services Network LLC now owns 5,399 shares of the company's stock worth $349,000 after buying an additional 272 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Upstart by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 76,368 shares of the company's stock worth $4,939,000 after buying an additional 332 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Upstart by 20.0% in the first quarter. NewEdge Advisors LLC now owns 1,997 shares of the company's stock valued at $92,000 after buying an additional 333 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UPST has been the topic of a number of recent analyst reports. Loop Capital began coverage on Upstart in a research report on Tuesday. They issued a "hold" rating and a $34.00 target price on the stock. Weiss Ratings cut shares of Upstart from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, August 31st. Jefferies Financial Group restated a "hold" rating and issued a $30.00 price target on shares of Upstart in a research note on Tuesday, June 9th. Piper Sandler lifted their price target on shares of Upstart from $46.00 to $51.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of Upstart from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $43.75.

Insider Buying and Selling

In other Upstart news, insider Sanjay Datta sold 8,945 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $28.09, for a total value of $251,265.05. Following the completion of the transaction, the insider directly owned 292,578 shares in the company, valued at approximately $8,218,516.02. This represents a 2.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrea Blankmeyer sold 3,000 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $29.33, for a total transaction of $87,990.00. Following the transaction, the chief financial officer directly owned 152,208 shares of the company's stock, valued at $4,464,260.64. The trade was a 1.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 32,652 shares of company stock worth $968,080 in the last ninety days. Company insiders own 17.29% of the company's stock.

Upstart Stock Down 4.0%

Shares of UPST stock opened at $25.89 on Thursday. The firm has a market capitalization of $2.52 billion, a P/E ratio of 52.84, a P/E/G ratio of 0.95 and a beta of 2.16. Upstart Holdings, Inc. has a twelve month low of $23.97 and a twelve month high of $71.38. The stock's fifty day simple moving average is $29.79 and its 200 day simple moving average is $29.71.

Upstart (NASDAQ:UPST - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). Upstart had a net margin of 4.84% and a return on equity of 7.13%. The firm had revenue of $364.71 million during the quarter, compared to the consensus estimate of $354.74 million. During the same quarter in the prior year, the business posted $0.36 earnings per share. Upstart's revenue for the quarter was up 41.9% compared to the same quarter last year. As a group, equities research analysts expect that Upstart Holdings, Inc. will post 0.72 EPS for the current fiscal year.

Upstart Company Profile

Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.

Upstart's core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.

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