Stratos Wealth Partners LTD. Sells 997 Shares of Upstart Holdings, Inc. $UPST

Stratos Wealth Partners LTD. lowered its position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 17.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,768 shares of the company’s stock after selling 997 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Upstart were worth $308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Upstart by 23.3% during the 1st quarter. GAMMA Investing LLC now owns 1,662 shares of the company’s stock valued at $77,000 after purchasing an additional 314 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Upstart by 175.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,712 shares of the company’s stock worth $585,000 after buying an additional 8,098 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Upstart by 1.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 24,352 shares of the company’s stock valued at $1,121,000 after acquiring an additional 322 shares during the period. Asset Management One Co. Ltd. raised its holdings in Upstart by 71.2% during the first quarter. Asset Management One Co. Ltd. now owns 2,010 shares of the company’s stock valued at $93,000 after acquiring an additional 836 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Upstart by 127.4% in the first quarter. International Assets Investment Management LLC now owns 12,630 shares of the company’s stock valued at $581,000 after acquiring an additional 7,076 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UPST shares. The Goldman Sachs Group cut their target price on Upstart from $78.00 to $54.00 and set a “sell” rating for the company in a research report on Monday, October 13th. Piper Sandler set a $80.00 price target on Upstart in a research note on Monday. Needham & Company LLC reiterated a “buy” rating and set a $82.00 price objective (up previously from $70.00) on shares of Upstart in a research report on Wednesday, August 6th. Bank of America lowered 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. Finally, Morgan Stanley restated an “equal weight” rating on shares of Upstart in a research report on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $78.83.

Upstart Price Performance

NASDAQ:UPST opened at $52.69 on Friday. The company has a market cap of $5.07 billion, a price-to-earnings ratio of -658.63 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 stock’s 50 day simple moving average is $60.07 and its two-hundred day simple moving average is $59.24.

Upstart (NASDAQ:UPST) last posted its earnings results on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. Upstart had a negative return on equity of 5.95% and a negative net margin of 0.75%.The firm had revenue of $257.29 million during the quarter, compared to the consensus estimate of $225.35 million. During the same period in the prior year, the company earned ($0.17) EPS. The company’s quarterly revenue was up 101.6% compared to the same quarter last year. Upstart has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Insider Transactions at Upstart

In related news, CTO Paul Gu sold 5,000 shares of Upstart stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $68.61, for a total value of $343,050.00. Following the completion of the transaction, the chief technology officer owned 1,147,156 shares in the company, valued at approximately $78,706,373.16. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Natalia Mirgorodskaya sold 1,439 shares of the company’s 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 $99,593.19. Following the sale, the insider owned 21,081 shares in the company, valued at approximately $1,459,016.01. This trade represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,214 shares of company stock worth $6,803,558. 16.67% of the stock is currently owned by corporate insiders.

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.