Altshuler Shaham Ltd Acquires 17,350 Shares of Upstart Holdings, Inc. $UPST

Altshuler Shaham Ltd increased its holdings in Upstart Holdings, Inc. (NASDAQ:UPST) by 179.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,000 shares of the company’s stock after acquiring an additional 17,350 shares during the quarter. Altshuler Shaham Ltd’s holdings in Upstart were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of UPST. Erste Asset Management GmbH bought a new stake in Upstart during the 3rd quarter valued at about $4,237,000. Citigroup Inc. increased its stake in Upstart by 71.5% during the 3rd quarter. Citigroup Inc. now owns 550,138 shares of the company’s stock valued at $27,947,000 after purchasing an additional 229,315 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Upstart by 31.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 971,856 shares of the company’s stock valued at $49,370,000 after purchasing an additional 232,595 shares in the last quarter. Quantbot Technologies LP increased its stake in Upstart by 1,066.4% during the 3rd quarter. Quantbot Technologies LP now owns 147,316 shares of the company’s stock valued at $7,484,000 after purchasing an additional 134,686 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in Upstart during the 3rd quarter valued at about $3,218,000. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UPST has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Upstart from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Truist Financial set a $40.00 price objective on shares of Upstart in a research note on Wednesday, May 6th. Morgan Stanley set a $35.00 price target on shares of Upstart in a report on Thursday, May 7th. Jefferies Financial Group reaffirmed a “hold” rating and set a $30.00 price target on shares of Upstart in a report on Tuesday, June 9th. Finally, B. Riley Financial dropped their price target on shares of Upstart from $66.00 to $54.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Upstart presently has an average rating of “Hold” and a consensus price target of $44.73.

Upstart Price Performance

Shares of NASDAQ:UPST opened at $30.46 on Thursday. Upstart Holdings, Inc. has a 1-year low of $23.97 and a 1-year high of $87.30. The company has a market capitalization of $2.92 billion, a P/E ratio of 80.16, a P/E/G ratio of 0.85 and a beta of 2.26. The firm’s 50 day simple moving average is $30.63 and its two-hundred day simple moving average is $35.38.

Upstart (NASDAQ:UPST) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.46). The company had revenue of $308.21 million for the quarter, compared to the consensus estimate of $301.30 million. Upstart had a net margin of 4.34% and a return on equity of 5.63%. The company’s quarterly revenue was up 44.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. On average, sell-side analysts anticipate that Upstart Holdings, Inc. will post 0.92 earnings per share for the current fiscal year.

Upstart announced that its board has initiated a stock repurchase plan on Thursday, February 19th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, insider Natalia Mirgorodskaya sold 974 shares of Upstart stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $28.99, for a total transaction of $28,236.26. Following the sale, the insider owned 37,374 shares in the company, valued at $1,083,472.26. This trade represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Paul Gu acquired 50,000 shares of Upstart stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $27.50 per share, for a total transaction of $1,375,000.00. Following the transaction, the chief executive officer owned 70,000 shares of the company’s stock, valued at approximately $1,925,000. The trade was a 250.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 33,346 shares of company stock valued at $991,672. Company insiders own 17.29% of the company’s stock.

Upstart 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.