Intech Investment Management LLC Has $3.41 Million Stake in Upstart Holdings, Inc. $UPST

Intech Investment Management LLC lifted its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 70.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,134 shares of the company’s stock after purchasing an additional 30,739 shares during the quarter. Intech Investment Management LLC owned 0.08% of Upstart worth $3,412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Two Sigma Advisers LP raised its holdings in shares of Upstart by 190.2% during the fourth quarter. Two Sigma Advisers LP now owns 1,709,300 shares of the company’s stock worth $105,242,000 after acquiring an additional 1,120,300 shares during the period. Invesco Ltd. increased its holdings in Upstart by 79.0% during the 1st quarter. Invesco Ltd. now owns 1,270,352 shares of the company’s stock worth $58,474,000 after purchasing an additional 560,668 shares in the last quarter. Driehaus Capital Management LLC raised its stake in shares of Upstart by 71.5% in the 1st quarter. Driehaus Capital Management LLC now owns 1,215,237 shares of the company’s stock valued at $55,937,000 after purchasing an additional 506,787 shares during the period. Nuveen LLC bought a new stake in shares of Upstart in the first quarter valued at about $19,098,000. Finally, KADENSA CAPITAL Ltd acquired a new position in shares of Upstart during the first quarter worth about $18,972,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $82.00 target price (up previously from $70.00) on shares of Upstart in a research report on Wednesday, August 6th. Bank of America reduced their price objective on shares of Upstart from $88.00 to $87.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. The Goldman Sachs Group upgraded Upstart to a “sell” rating and set a $71.00 target price on the stock in a report on Monday, July 14th. JPMorgan Chase & Co. raised Upstart from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $93.00 to $88.00 in a research report on Wednesday, August 20th. Finally, Stephens assumed coverage on Upstart in a report on Thursday, June 12th. They issued an “equal weight” rating and a $55.00 price objective for the company. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Upstart has a consensus rating of “Hold” and a consensus target price of $78.54.

Upstart Trading Up 1.4%

Upstart stock opened at $63.08 on Friday. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of -788.50 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. The stock’s 50 day moving average is $72.34 and its 200-day moving average is $58.25.

Upstart (NASDAQ:UPST) last released 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 return on equity of 5.95% and a negative net margin of 0.75%.The business had revenue of $257.29 million during the quarter, compared to the consensus estimate of $225.35 million. During the same period in the previous year, the company posted ($0.17) EPS. The firm’s quarterly 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 research analysts predict that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Upstart

In other Upstart news, insider Natalia Mirgorodskaya sold 1,439 shares of the firm’s 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 transaction, the insider owned 21,081 shares in the company, valued at $1,459,016.01. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Paul Gu sold 5,000 shares of the firm’s 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 completion of the transaction, the chief technology officer owned 1,147,156 shares in the company, valued at $78,706,373.16. The trade was a 0.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 158,414 shares of company stock valued at $10,506,147 over the last ninety days. 16.67% of the stock is owned by corporate 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.