Wealth Management Associates Inc. Takes $270,000 Position in Upstart Holdings, Inc. $UPST

Wealth Management Associates Inc. purchased a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,170 shares of the company’s stock, valued at approximately $270,000.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Upstart by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 8,014,656 shares of the company’s stock valued at $368,915,000 after buying an additional 221,204 shares during the period. Invesco Ltd. grew its stake in shares of Upstart by 79.0% in the 1st quarter. Invesco Ltd. now owns 1,270,352 shares of the company’s stock valued at $58,474,000 after buying an additional 560,668 shares during the period. Driehaus Capital Management LLC grew its stake in shares of Upstart by 71.5% in the 1st quarter. Driehaus Capital Management LLC now owns 1,215,237 shares of the company’s stock valued at $55,937,000 after buying an additional 506,787 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Upstart by 3.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,197,966 shares of the company’s stock valued at $55,143,000 after buying an additional 44,635 shares during the period. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of Upstart by 27.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 907,581 shares of the company’s stock valued at $41,776,000 after buying an additional 197,876 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling

In other news, CFO Sanjay Datta sold 13,473 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $61.12, for a total value of $823,469.76. Following the sale, the chief financial officer directly owned 297,904 shares in the company, valued at approximately $18,207,892.48. This trade represents a 4.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kerry Whorton Cooper sold 500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $69.21, for a total transaction of $34,605.00. Following the completion of the sale, the director 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 106,214 shares of company stock worth $6,803,558 over the last three months. 16.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

UPST has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Upstart from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $93.00 to $88.00 in a research report on Wednesday, August 20th. Piper Sandler set a $80.00 price objective on shares of Upstart in a research report on Monday, October 20th. The Goldman Sachs Group lowered their price objective on shares of Upstart from $78.00 to $54.00 and set a “sell” rating for the company in a research report on Monday, October 13th. Needham & Company LLC reaffirmed 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. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Upstart in a research report on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Upstart presently has a consensus rating of “Hold” and an average target price of $78.83.

Upstart Stock Down 3.9%

Shares of UPST stock opened at $50.70 on Wednesday. Upstart Holdings, Inc. has a 52 week low of $31.40 and a 52 week high of $96.43. The stock has a market capitalization of $4.88 billion, a PE ratio of -633.75 and a beta of 2.28. The firm has a 50 day moving average of $59.60 and a two-hundred day moving average of $59.67.

Upstart (NASDAQ:UPST) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. Upstart had a negative net margin of 0.75% and a negative return on equity of 5.95%. The company had revenue of $257.29 million during the quarter, compared to analysts’ expectations of $225.35 million. During the same quarter last year, the company posted ($0.17) EPS. The firm’s 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. Analysts expect that Upstart Holdings, Inc. will post -0.03 EPS 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.