Wealthfront Advisers LLC Makes New Investment in Upstart Holdings, Inc. $UPST

Wealthfront Advisers LLC bought a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,821 shares of the company’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of Upstart during the 2nd quarter worth approximately $34,000. GAMMA Investing LLC grew 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 worth $77,000 after purchasing an additional 314 shares in the last quarter. Bogart Wealth LLC grew its position in shares of Upstart by 140.0% during the 2nd quarter. Bogart Wealth LLC now owns 1,200 shares of the company’s stock worth $78,000 after purchasing an additional 700 shares in the last quarter. PNC Financial Services Group Inc. grew 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 worth $90,000 after purchasing an additional 1,548 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Upstart by 20.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock worth $92,000 after acquiring an additional 333 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

UPST has been the subject of a number of recent analyst reports. Bank of America cut their price target on shares of Upstart from $88.00 to $87.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. JPMorgan Chase & Co. raised shares of Upstart from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $93.00 to $88.00 in a report on Wednesday, August 20th. The Goldman Sachs Group cut their price target on shares of Upstart from $78.00 to $54.00 and set a “sell” rating for the company in a report on Monday, October 13th. Piper Sandler set a $80.00 price target on shares of Upstart in a report on Monday, October 20th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Upstart in a report on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $78.83.

Insiders Place Their Bets

In other news, CFO Sanjay Datta sold 13,473 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $61.12, for a total transaction of $823,469.76. Following the completion of the transaction, the chief financial officer owned 297,904 shares of the company’s stock, valued at approximately $18,207,892.48. This trade represents a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kerry Whorton Cooper sold 500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $69.21, for a total transaction of $34,605.00. Following the transaction, the director directly owned 25,434 shares of the company’s stock, valued at $1,760,287.14. The trade was a 1.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 106,214 shares of company stock worth $6,803,558 over the last 90 days. Insiders own 16.67% of the company’s stock.

Upstart Price Performance

Shares of NASDAQ:UPST opened at $47.52 on Monday. The company has a market cap of $4.57 billion, a price-to-earnings ratio of -594.00 and a beta of 2.27. The firm has a 50 day simple moving average of $58.50 and a 200 day simple moving average of $59.96. Upstart Holdings, Inc. has a one year low of $31.40 and a one year high of $96.43.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. The business had revenue of $257.29 million during the quarter, compared to the consensus estimate of $225.35 million. Upstart had a negative net margin of 0.75% and a negative return on equity of 5.95%. The firm’s revenue was up 101.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.17) EPS. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Upstart Company 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.