Advisors Asset Management Inc. Purchases 11,460 Shares of Upstart Holdings, Inc. $UPST

Key Points

• Advisors Asset Management Inc. significantly increased its stake in Upstart Holdings by 753.9% during the 1st quarter, owning 12,980 shares valued at approximately $597,000 after buying an additional 11,460 shares.
• Upstart's stock performance has been volatile, with a 52-week range of $31.40 to $96.43 and a current market cap of $6.01 billion.
• Recent earnings showed Upstart reporting $0.36 EPS, exceeding analyst expectations of $0.27 and achieving a 101.6% increase in revenue compared to the same quarter last year.

Advisors Asset Management Inc. boosted its stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 753.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,980 shares of the company's stock after acquiring an additional 11,460 shares during the period. Advisors Asset Management Inc.'s holdings in Upstart were worth $597,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of UPST. Virtus Fund Advisers LLC bought a new position in shares of Upstart in the 4th quarter valued at $32,000. Mackenzie Financial Corp bought a new position in shares of Upstart in the 4th quarter valued at $62,000. GAMMA Investing LLC increased 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 valued at $77,000 after purchasing an additional 314 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Upstart by 385.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,950 shares of the company's stock valued at $90,000 after purchasing an additional 1,548 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Upstart by 71.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 2,010 shares of the company's stock valued at $93,000 after purchasing an additional 836 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group upgraded Upstart to a "sell" rating and set a $71.00 price target on the stock in a research note on Monday, July 14th. Piper Sandler raised their price objective on Upstart from $75.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Morgan Stanley reissued an "equal weight" rating on shares of Upstart in a report on Wednesday, August 6th. Bank of America cut their price objective on Upstart from $88.00 to $87.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Finally, Needham & Company LLC reissued a "buy" rating and set a $82.00 price objective (up previously from $70.00) on shares of Upstart in a report on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $78.54.

Upstart Stock Up 1.4%

Shares of NASDAQ UPST traded up $0.89 during trading on Friday, reaching $63.08. The company had a trading volume of 7,076,745 shares, compared to its average volume of 5,962,569. The company's fifty day moving average price is $72.34 and its 200-day moving average price is $58.32. Upstart Holdings, Inc. has a 12 month low of $31.40 and a 12 month high of $96.43. The stock has a market cap of $6.07 billion, a P/E ratio of -788.50 and a beta of 2.37.

Upstart (NASDAQ:UPST - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $257.29 million for the quarter, compared to analyst estimates of $225.35 million. During the same quarter in the previous year, the company posted ($0.17) EPS. The business's revenue was up 101.6% on a year-over-year basis. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

Insider Transactions at Upstart

In other news, insider Natalia Mirgorodskaya sold 1,439 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $69.21, for a total value of $99,593.19. Following the transaction, the insider directly owned 21,081 shares of the company's stock, valued at $1,459,016.01. The trade was a 6.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kerry Whorton Cooper sold 500 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $69.21, for a total value of $34,605.00. Following the completion of the transaction, the director directly owned 25,434 shares in the company, valued at $1,760,287.14. This represents a 1.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 158,414 shares of company stock worth $10,506,147. 16.67% of the stock is currently owned by insiders.

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.