Joel Isaacson & Co. LLC Purchases Shares of 4,000 Upstart Holdings, Inc. $UPST

Joel Isaacson & Co. LLC bought a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) in the 2nd quarter, HoldingsChannel reports. The fund bought 4,000 shares of the company’s stock, valued at approximately $259,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KADENSA CAPITAL Ltd purchased a new position in Upstart during the first quarter worth about $18,972,000. Intech Investment Management LLC lifted its stake in shares of Upstart by 70.8% during the 1st quarter. Intech Investment Management LLC now owns 74,134 shares of the company’s stock valued at $3,412,000 after buying an additional 30,739 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Upstart during the 1st quarter valued at approximately $550,000. Advisors Asset Management Inc. lifted its stake in shares of Upstart by 753.9% during the 1st quarter. Advisors Asset Management Inc. now owns 12,980 shares of the company’s stock valued at $597,000 after buying an additional 11,460 shares in the last quarter. Finally, SCS Capital Management LLC purchased a new stake in shares of Upstart during the 1st quarter valued at approximately $1,841,000. 63.01% of the stock is owned by institutional investors.

Upstart Price Performance

Shares of Upstart stock opened at $51.81 on Wednesday. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of -647.63 and a beta of 2.28. Upstart Holdings, Inc. has a 1 year low of $31.40 and a 1 year high of $96.43. The company has a 50-day moving average of $65.70 and a 200 day moving average of $58.89.

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 analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on UPST shares. Bank of America decreased their target price on shares of Upstart from $88.00 to $87.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Upstart in a report on Wednesday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $82.00 target price (up previously from $70.00) on shares of Upstart in a report on Wednesday, August 6th. The Goldman Sachs Group raised shares of Upstart to a “sell” rating and set a $71.00 price target for the company in a research report on Monday, July 14th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Upstart in a research report on Saturday, September 27th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Upstart currently has an average rating of “Hold” and an average price target of $81.08.

Insider Buying and Selling at Upstart

In other news, Director Kerry Whorton Cooper sold 500 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 $34,605.00. Following the completion of the sale, the director directly owned 25,434 shares in the company, valued at $1,760,287.14. The trade was a 1.93% 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, CTO Paul Gu sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $68.61, for a total transaction of $343,050.00. Following the completion of the transaction, the chief technology officer directly owned 1,147,156 shares in the company, valued at approximately $78,706,373.16. The trade was a 0.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,881 shares of company stock worth $9,931,500 in the last 90 days. Insiders own 16.67% of the company’s stock.

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.