EMC Capital Management Boosts Stake in Upstart Holdings, Inc. $UPST

EMC Capital Management increased its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 68.6% during the second quarter, Holdings Channel.com reports. The fund owned 8,600 shares of the company’s stock after buying an additional 3,500 shares during the period. Upstart comprises approximately 0.3% of EMC Capital Management’s holdings, making the stock its 14th biggest position. EMC Capital Management’s holdings in Upstart were worth $556,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of UPST. Jennison Associates LLC boosted its position in Upstart by 1.8% during the second quarter. Jennison Associates LLC now owns 11,382 shares of the company’s stock worth $736,000 after purchasing an additional 205 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Upstart by 2.4% during the 2nd quarter. International Assets Investment Management LLC now owns 12,929 shares of the company’s stock worth $836,000 after buying an additional 299 shares during the period. NewEdge Advisors LLC lifted its position in shares of Upstart by 20.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock valued at $92,000 after buying an additional 333 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Upstart by 17.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,284 shares of the company’s stock valued at $148,000 after acquiring an additional 334 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Upstart by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,518 shares of the company’s stock worth $162,000 after acquiring an additional 353 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Activity

In other Upstart news, CEO Dave Girouard sold 41,667 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $64.93, for a total value of $2,705,438.31. Following the transaction, the chief executive officer directly owned 52,614 shares in the company, valued at $3,416,227.02. The trade was a 44.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Natalia Mirgorodskaya sold 1,439 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $69.21, for a total transaction of $99,593.19. Following the completion of the sale, the insider directly owned 21,081 shares of the company’s stock, valued at approximately $1,459,016.01. This trade represents a 6.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 49,995 shares of company stock worth $3,277,869. 16.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Citigroup decreased their price objective on shares of Upstart from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Bank of America lowered their price objective on Upstart from $81.00 to $71.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. JPMorgan Chase & Co. reduced their target price on Upstart from $88.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Needham & Company LLC decreased their target price on Upstart from $82.00 to $56.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $40.00 price target on shares of Upstart in a research report on Thursday, November 6th. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Upstart currently has a consensus rating of “Hold” and a consensus target price of $64.58.

Upstart Price Performance

UPST opened at $37.91 on Wednesday. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 172.33 and a beta of 2.27. The company’s 50 day simple moving average is $51.45 and its two-hundred day simple moving average is $59.50. Upstart Holdings, Inc. has a 1-year low of $31.40 and a 1-year high of $96.43.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The company had revenue of $258.54 million for the quarter, compared to analyst estimates of $288.94 million. Upstart had a return on equity of 3.68% and a net margin of 3.33%.The firm’s revenue for the quarter was up 70.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Upstart has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal 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.