Ameritas Advisory Services LLC Invests $34,000 in Upstart Holdings, Inc. $UPST

Ameritas Advisory Services LLC purchased a new position in Upstart Holdings, Inc. (NASDAQ:UPST) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 532 shares of the company’s stock, valued at approximately $34,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Upstart by 23.3% in the 1st quarter. GAMMA Investing LLC now owns 1,662 shares of the company’s stock worth $77,000 after buying an additional 314 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings 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 worth $90,000 after buying an additional 1,548 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Upstart by 20.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock worth $92,000 after buying an additional 333 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings 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 worth $93,000 after buying an additional 836 shares during the last quarter. Finally, Rakuten Securities Inc. increased its holdings in shares of Upstart by 482.3% in the 1st quarter. Rakuten Securities Inc. now owns 2,888 shares of the company’s stock worth $133,000 after buying an additional 2,392 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Insider Transactions at Upstart

In other news, insider Natalia Mirgorodskaya sold 1,439 shares of Upstart 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 $99,593.19. Following the completion of the sale, the insider directly owned 21,081 shares in the company, valued at $1,459,016.01. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dave Girouard sold 41,667 shares of Upstart 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 of the company’s stock, valued at $3,416,227.02. This represents a 44.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,214 shares of company stock valued at $6,803,558. Company insiders own 16.67% of the company’s stock.

Analyst Ratings Changes

UPST has been the topic of several recent research reports. The Goldman Sachs Group reduced their target price on shares of Upstart from $78.00 to $54.00 and set a “sell” rating on the stock in a report on Monday. Weiss Ratings reissued a “sell (e+)” rating on shares of Upstart in a research report on Wednesday, October 8th. Piper Sandler increased their price target on shares of Upstart from $75.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Needham & Company LLC reissued 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. Finally, Bank of America dropped their price target on shares of Upstart from $88.00 to $87.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $79.67.

Upstart Stock Performance

NASDAQ:UPST opened at $50.39 on Wednesday. The firm has a market cap of $4.85 billion, a P/E ratio of -629.88 and a beta of 2.28. Upstart Holdings, Inc. has a fifty-two week low of $31.40 and a fifty-two week high of $96.43. The firm has a 50-day simple moving average of $62.56 and a two-hundred day simple moving average of $58.84.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. The business had revenue of $257.29 million during the quarter, compared to analyst estimates of $225.35 million. Upstart had a negative net margin of 0.75% and a negative return on equity of 5.95%. Upstart’s revenue was up 101.6% compared to the same quarter last year. During the same period last year, the business earned ($0.17) EPS. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that Upstart Holdings, Inc. will post -0.03 EPS 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.