Upstart Holdings, Inc. $UPST Stock Holdings Raised by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. raised its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 654.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 126,246 shares of the company’s stock after acquiring an additional 109,502 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Upstart were worth $2,902,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UPST. Versant Capital Management Inc raised its position in shares of Upstart by 26.7% in the second quarter. Versant Capital Management Inc now owns 2,905 shares of the company’s stock valued at $103,000 after purchasing an additional 612 shares during the period. State of Wyoming boosted its holdings in Upstart by 10.8% in the 1st quarter. State of Wyoming now owns 6,901 shares of the company’s stock worth $177,000 after buying an additional 674 shares during the period. Farther Finance Advisors LLC boosted its holdings in Upstart by 25.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,307 shares of the company’s stock worth $99,000 after buying an additional 881 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Upstart by 7.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 14,528 shares of the company’s stock worth $373,000 after buying an additional 1,018 shares during the period. Finally, KBC Group NV grew its stake in Upstart by 45.5% in the 1st quarter. KBC Group NV now owns 3,510 shares of the company’s stock valued at $90,000 after buying an additional 1,097 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UPST. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 price objective on shares of Upstart in a research note on Tuesday, October 6th. BTIG Research restated a “buy” rating and set a $43.00 target price on shares of Upstart in a research report on Tuesday, September 22nd. Wall Street Zen raised Upstart from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Loop Capital assumed coverage on Upstart in a report on Tuesday, September 8th. They issued a “hold” rating and a $34.00 price target for the company. Finally, Citigroup reiterated a “market underperform” rating on shares of Upstart in a research report on Thursday, October 15th. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $42.94.

Upstart Price Performance

Shares of UPST traded down $0.07 during midday trading on Friday, hitting $23.78. 3,052,261 shares of the company traded hands, compared to its average volume of 4,024,650. The stock has a 50-day moving average of $25.88 and a 200-day moving average of $29.05. Upstart Holdings, Inc. has a one year low of $22.21 and a one year high of $55.22. The firm has a market cap of $2.31 billion, a P/E ratio of 48.53, a PEG ratio of 0.84 and a beta of 2.43.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $364.71 million during the quarter, compared to the consensus estimate of $354.74 million. Upstart had a net margin of 4.84% and a return on equity of 7.13%. Upstart’s revenue was up 41.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 earnings per share. Sell-side analysts forecast that Upstart Holdings, Inc. will post 0.72 EPS for the current fiscal year.

Insider Activity

In other news, CEO Paul Gu purchased 50,000 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was purchased at an average cost of $25.55 per share, with a total value of $1,277,500.00. Following the acquisition, the chief executive officer directly owned 130,000 shares in the company, valued at approximately $3,321,500. This trade represents a 62.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrea Blankmeyer sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $29.33, for a total transaction of $87,990.00. Following the transaction, the chief financial officer owned 152,208 shares of the company’s stock, valued at $4,464,260.64. This trade represents a 1.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 148,652 shares of company stock valued at $4,133,720. 17.29% of the stock is owned by company insiders.

About Upstart

Upstart Holdings, Inc (NASDAQ: UPST) operates an artificial intelligence-powered lending marketplace. Its platform connects consumers seeking credit with banks and credit unions, using data-driven underwriting models designed to evaluate applicants beyond traditional credit-score-based methods.

The company provides technology for several lending categories, including personal loans, automotive retail and refinance lending, home equity lines of credit, and small-dollar lending. Upstart’s platform supports financial institutions with application processing, risk assessment, loan origination, and related automation, while offering consumers a digital borrowing experience.

Founded in 2012, Upstart is headquartered in San Mateo, California, and primarily serves the United States.