Fuller & Thaler Asset Management Inc. Purchases 197,876 Shares of Upstart Holdings, Inc. $UPST

Key Points

• Fuller & Thaler Asset Management Inc. has increased its stake in Upstart Holdings by 27.9%, owning approximately 0.95% of the company, valued at around $41.8 million.
• Wall Street analysts have mixed ratings on Upstart, with a consensus rating of "Hold" and an average target price of $77.85, following recent adjustments from various firms.
• Upstart reported earnings of $0.36 per share, exceeding estimates, with revenues increasing by 101.6% year-over-year, highlighting strong growth despite a negative return on equity.

Fuller & Thaler Asset Management Inc. increased its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 27.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 907,581 shares of the company's stock after buying an additional 197,876 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.95% of Upstart worth $41,776,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Upstart by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 8,014,656 shares of the company's stock worth $368,915,000 after acquiring an additional 221,204 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Upstart by 20.1% in the fourth quarter. Two Sigma Investments LP now owns 1,922,770 shares of the company's stock worth $118,385,000 after purchasing an additional 321,366 shares during the period. Fred Alger Management LLC increased its stake in shares of Upstart by 53.6% in the fourth quarter. Fred Alger Management LLC now owns 1,915,121 shares of the company's stock worth $117,914,000 after purchasing an additional 668,282 shares during the period. Two Sigma Advisers LP lifted its position in shares of Upstart by 190.2% during the 4th quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company's stock worth $105,242,000 after purchasing an additional 1,120,300 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Upstart by 79.0% during the 1st quarter. Invesco Ltd. now owns 1,270,352 shares of the company's stock valued at $58,474,000 after purchasing an additional 560,668 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $82.00 target price (up previously from $70.00) on shares of Upstart in a report on Wednesday, August 6th. Morgan Stanley restated an "equal weight" rating on shares of Upstart in a research note on Wednesday, August 6th. Stephens initiated coverage on shares of Upstart in a research report on Thursday, June 12th. They set an "equal weight" rating and a $55.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of Upstart from a "neutral" rating to an "overweight" rating and cut their target price for the company from $93.00 to $88.00 in a research note on Wednesday. Finally, Barclays raised their price target on shares of Upstart from $42.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Six equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $78.54.

Insiders Place Their Bets

In other Upstart news, CFO Sanjay Datta sold 13,473 shares of Upstart stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $61.12, for a total transaction 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. The trade was a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dave Girouard sold 41,667 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $60.05, for a total value of $2,502,103.35. Following the completion of the transaction, the chief executive officer directly owned 52,614 shares of the company's stock, valued at approximately $3,159,470.70. The trade was a 44.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 192,253 shares of company stock worth $12,461,780 over the last quarter. Company insiders own 16.67% of the company's stock.

Upstart Trading Up 8.4%

UPST stock traded up $5.33 during midday trading on Friday, hitting $68.85. The stock had a trading volume of 12,195,810 shares, compared to its average volume of 7,574,350. Upstart Holdings, Inc. has a 52 week low of $31.40 and a 52 week high of $96.43. The stock has a 50-day simple moving average of $70.98 and a 200 day simple moving average of $59.11. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of -860.63 and a beta of 2.39.

Upstart (NASDAQ:UPST - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.09. Upstart had a negative net margin of 0.75% and a negative return on equity of 5.95%. 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 firm posted ($0.17) EPS. The business's revenue for the quarter was up 101.6% on a year-over-year basis. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Upstart Holdings, Inc. will post -0.03 EPS for the current 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.