Upstart (NASDAQ:UPST) CEO Buys $1,277,500.00 in Stock

Upstart Holdings, Inc. (NASDAQ:UPST) CEO Paul Gu bought 50,000 shares of the stock in a transaction dated Thursday, September 10th. The stock was acquired at an average price of $25.55 per share, with a total value of $1,277,500.00. Following the completion of the purchase, the chief executive officer owned 130,000 shares of the company’s stock, valued at $3,321,500. This represents a 62.50% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Upstart Trading Down 3.1%

Shares of Upstart stock traded down $0.79 during trading on Thursday, reaching $25.10. The company’s stock had a trading volume of 4,111,342 shares, compared to its average volume of 3,980,296. The stock has a 50-day moving average price of $29.60 and a two-hundred day moving average price of $29.68. Upstart Holdings, Inc. has a one year low of $23.97 and a one year high of $71.38. The stock has a market capitalization of $2.44 billion, a P/E ratio of 51.22, a price-to-earnings-growth ratio of 0.92 and a beta of 2.16.

Upstart (NASDAQ:UPST) last issued 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). Upstart had a return on equity of 7.13% and a net margin of 4.84%.The company had revenue of $364.71 million for the quarter, compared to the consensus estimate of $354.74 million. During the same period in the prior year, the company earned $0.36 EPS. The firm’s revenue was up 41.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Upstart Holdings, Inc. will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Quarry LP lifted its position in Upstart by 749.2% during the 3rd quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after purchasing an additional 442 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Upstart by 132.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock worth $39,000 after buying an additional 439 shares during the period. Empowered Funds LLC bought a new stake in shares of Upstart during the fourth quarter worth approximately $40,000. State of Wyoming bought a new stake in shares of Upstart during the second quarter worth approximately $61,000. Finally, Daiwa Securities Group Inc. lifted its holdings in Upstart by 29.1% in the second quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock valued at $69,000 after buying an additional 241 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UPST has been the topic of several research analyst reports. Loop Capital started coverage on shares of Upstart in a research note on Tuesday. They set a “hold” rating and a $34.00 price target on the stock. Weiss Ratings cut shares of Upstart from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, August 31st. The Goldman Sachs Group boosted their price objective on shares of Upstart from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Citigroup reduced their price objective on Upstart from $80.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Finally, BTIG Research reissued a “buy” rating and issued a $43.00 target price on shares of Upstart in a research note on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $43.75.

Upstart Company Profile

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.