Upstart Holdings, Inc. $UPST Shares Sold by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC has reduced its stake in Upstart Holdings by 43.1%, now holding 7,230 shares worth approximately $468,000.
• Several hedge funds have recently increased their investments in Upstart, with Invesco Ltd. boosting its stake by 79.0% in the first quarter, now owning over 1.27 million shares.
• Analyst ratings reflect a mixed outlook for Upstart, with five firms giving a Buy rating, while the average price target stands at $81.08, indicating potential for price appreciation.

Wealth Enhancement Advisory Services LLC cut its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 43.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,230 shares of the company's stock after selling 5,482 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Upstart were worth $468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in UPST. Invesco Ltd. boosted its stake in Upstart by 79.0% in the 1st quarter. Invesco Ltd. now owns 1,270,352 shares of the company's stock worth $58,474,000 after buying an additional 560,668 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in Upstart by 71.5% in the 1st quarter. Driehaus Capital Management LLC now owns 1,215,237 shares of the company's stock worth $55,937,000 after buying an additional 506,787 shares during the last quarter. Nuveen LLC acquired a new stake in Upstart in the 1st quarter worth about $19,098,000. KADENSA CAPITAL Ltd acquired a new stake in Upstart in the 1st quarter worth about $18,972,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Upstart by 48.7% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 677,049 shares of the company's stock worth $31,165,000 after buying an additional 221,881 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Kerry Whorton Cooper sold 500 shares of the business'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 $34,605.00. Following the completion of the transaction, the director owned 25,434 shares in the company, valued at $1,760,287.14. The trade was a 1.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Natalia Mirgorodskaya sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $80.07, for a total value of $320,280.00. Following the transaction, the insider owned 24,623 shares of the company's stock, valued at $1,971,563.61. This represents a 13.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 151,881 shares of company stock worth $10,251,780. 16.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

UPST has been the topic of a number of research analyst reports. Bank of America decreased their price target on Upstart from $88.00 to $87.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. JPMorgan Chase & Co. upgraded Upstart from a "neutral" rating to an "overweight" rating and cut their price objective for the stock from $93.00 to $88.00 in a report on Wednesday, August 20th. Needham & Company LLC restated a "buy" rating and issued a $82.00 price objective (up from $70.00) on shares of Upstart in a report on Wednesday, August 6th. Piper Sandler raised their price objective on Upstart from $75.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Upstart in a report on Saturday, September 27th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $81.08.

Upstart Trading Down 1.7%

Shares of UPST opened at $51.96 on Monday. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of -649.50 and a beta of 2.28. The stock has a 50 day moving average of $66.87 and a 200-day moving average of $58.94. Upstart Holdings, Inc. has a 52 week low of $31.40 and a 52 week high of $96.43.

Upstart (NASDAQ:UPST - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, topping the consensus estimate 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 business's revenue was up 101.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.17) EPS. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that Upstart Holdings, Inc. will post -0.03 earnings per share 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.

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