UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 40,292 Shares of Upstart Holdings, Inc. $UPST

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in Upstart Holdings, Inc. (NASDAQ:UPST) by 22.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 138,692 shares of the company’s stock after selling 40,292 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Upstart were worth $4,914,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in UPST. Quarry LP lifted its stake in shares of Upstart by 749.2% in the third quarter. Quarry LP now owns 501 shares of the company’s stock worth $25,000 after acquiring an additional 442 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Upstart by 132.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock valued at $39,000 after purchasing an additional 439 shares during the period. Empowered Funds LLC bought a new position in Upstart during the 4th quarter worth approximately $40,000. State of Wyoming bought a new position in Upstart during the 2nd quarter worth approximately $61,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of Upstart by 29.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock worth $69,000 after purchasing an additional 241 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Citigroup reduced their price objective on shares of Upstart from $80.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Wall Street Zen raised shares of Upstart from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings cut shares of Upstart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, August 31st. BTIG Research reaffirmed a “buy” rating and set a $43.00 price target on shares of Upstart in a research report on Wednesday, August 5th. Finally, Piper Sandler increased their price target on Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Eight 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 stock. According to data from MarketBeat, Upstart presently has an average rating of “Hold” and a consensus target price of $43.75.

Upstart Stock Performance

Upstart stock opened at $25.89 on Thursday. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 52.84, a PEG ratio of 0.95 and a beta of 2.16. Upstart Holdings, Inc. has a 52-week low of $23.97 and a 52-week high of $71.38. The stock’s 50 day moving average price is $29.79 and its two-hundred day moving average price is $29.71.

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

Insiders Place Their Bets

In other news, CFO Andrea Blankmeyer sold 3,000 shares of the stock in a transaction dated 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 represents a 1.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. Also, insider Sanjay Datta sold 8,945 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $28.09, for a total transaction of $251,265.05. Following the transaction, the insider directly owned 292,578 shares in the company, valued at $8,218,516.02. This trade represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 32,652 shares of company stock worth $968,080. 17.29% of the stock is currently owned by company insiders.

About Upstart

Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.

Upstart’s core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.