GSA Capital Partners LLP Invests $1.80 Million in Upstart Holdings, Inc. $UPST

GSA Capital Partners LLP acquired a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,765 shares of the company’s stock, valued at approximately $1,799,000.

Several other institutional investors and hedge funds have also modified their holdings of UPST. Bayforest Capital Ltd acquired a new stake in Upstart in the fourth quarter valued at about $25,000. Quarry LP raised its stake in Upstart by 749.2% during the third quarter. Quarry LP now owns 501 shares of the company’s stock worth $25,000 after acquiring an additional 442 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Upstart by 132.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock worth $39,000 after acquiring an additional 439 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Upstart in the fourth quarter worth about $40,000. Finally, Bogart Wealth LLC acquired a new stake in shares of Upstart in the 4th quarter valued at approximately $44,000. 63.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Upstart

In other news, insider Sanjay Datta sold 15,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $30.41, for a total transaction of $456,150.00. Following the completion of the transaction, the insider owned 313,556 shares of the company’s stock, valued at approximately $9,535,237.96. This trade represents a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Natalia Mirgorodskaya sold 974 shares of Upstart stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $28.99, for a total transaction of $28,236.26. Following the transaction, the insider owned 37,374 shares in the company, valued at approximately $1,083,472.26. This trade represents a 2.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 24,485 shares of company stock valued at $729,248 in the last ninety days. Insiders own 17.29% of the company’s stock.

Analyst Upgrades and Downgrades

UPST has been the topic of several research reports. B. Riley Financial decreased 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. Jefferies Financial Group reissued a “hold” rating and issued a $30.00 price objective on shares of Upstart in a research note on Tuesday, June 9th. Truist Financial set a $40.00 target price on shares of Upstart in a research note on Wednesday, May 6th. Mizuho set a $45.00 price target on shares of Upstart in a report on Friday, May 8th. Finally, Wall Street Zen upgraded Upstart from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Upstart presently has a consensus rating of “Hold” and an average target price of $44.40.

Upstart Stock Performance

NASDAQ:UPST opened at $30.43 on Monday. The stock’s 50-day moving average is $31.03 and its 200-day moving average is $30.66. Upstart Holdings, Inc. has a 1-year low of $23.97 and a 1-year high of $76.95. The stock has a market cap of $2.96 billion, a P/E ratio of 62.10, a price-to-earnings-growth ratio of 1.07 and a beta of 2.29.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Upstart had a net margin of 4.84% and a return on equity of 7.13%. The business had revenue of $364.71 million during the quarter, compared to the consensus estimate of $354.74 million. During the same quarter last year, the business earned $0.36 EPS. The firm’s quarterly revenue was up 41.9% compared to the same quarter last year. As a group, equities analysts forecast that Upstart Holdings, Inc. will post 0.72 EPS for the current year.

About Upstart

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.