Voya Investment Management LLC Sells 1,914 Shares of Upstart Holdings, Inc. $UPST

Voya Investment Management LLC cut its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 8.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,153 shares of the company’s stock after selling 1,914 shares during the quarter. Voya Investment Management LLC’s holdings in Upstart were worth $974,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of UPST. Mackenzie Financial Corp purchased a new stake in Upstart in the fourth quarter valued at approximately $62,000. GAMMA Investing LLC lifted its position in shares of Upstart by 23.3% during the 1st quarter. GAMMA Investing LLC now owns 1,662 shares of the company’s stock valued at $77,000 after buying an additional 314 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Upstart by 385.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,950 shares of the company’s stock valued at $90,000 after buying an additional 1,548 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Upstart by 20.0% during the 1st 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. Finally, Asset Management One Co. Ltd. lifted its holdings in 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 in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler raised their target price on Upstart from $75.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group raised Upstart to a “sell” rating and set a $71.00 target price for the company in a research report on Monday, July 14th. Morgan Stanley reiterated an “equal weight” rating on shares of Upstart in a research note on Wednesday, August 6th. Bank of America decreased their target price on Upstart from $88.00 to $87.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $82.00 price target (up previously from $70.00) on shares of Upstart in a research report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $81.08.

Insiders Place Their Bets

In other Upstart news, CEO Dave Girouard sold 41,667 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $64.93, for a total transaction of $2,705,438.31. Following the completion of the sale, the chief executive officer owned 52,614 shares in the company, valued at $3,416,227.02. This trade represents a 44.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kerry Whorton Cooper sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $69.21, for a total value of $34,605.00. Following the sale, the director owned 25,434 shares of the company’s stock, valued at approximately $1,760,287.14. This trade represents a 1.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,414 shares of company stock valued at $10,709,482. Company insiders own 16.67% of the company’s stock.

Upstart Stock Down 2.8%

Shares of NASDAQ:UPST opened at $60.61 on Thursday. The company has a market capitalization of $5.83 billion, a P/E ratio of -757.63 and a beta of 2.37. The stock’s fifty day simple moving average is $70.63 and its 200-day simple moving average is $58.55. Upstart Holdings, Inc. has a 52-week low of $31.40 and a 52-week high of $96.43.

Upstart (NASDAQ:UPST) last released its earnings results on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. The firm 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 quarterly revenue was up 101.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.17) earnings per share. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.

About Upstart

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.