Intech Investment Management LLC Has $2.84 Million Stock Holdings in Upstart Holdings, Inc. $UPST
Intech Investment Management LLC reduced its holdings in Upstart Holdings, Inc. by 40.8% in Q2, now owning 43,904 shares worth $2.84 million. Other institutional investors also adjusted their positions in Upstart. The company's stock opened at $37.27, with a market cap of $3.63 billion. Recent earnings showed $0.52 EPS, beating estimates. Insiders sold shares recently, with significant transactions by CEO Dave Girouard and insider Natalia Mirgorodskaya. Analysts have adjusted their price targets and ratings for Upstart.
Intech Investment Management LLC trimmed its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) by 40.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,904 shares of the company's stock after selling 30,230 shares during the period. Intech Investment Management LLC's holdings in Upstart were worth $2,840,000 as of its most recent filing with the Securities and Exchange Commission.
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A number of other institutional investors have also recently bought and sold shares of UPST. Cetera Investment Advisers increased its holdings in shares of Upstart by 14.8% in the 2nd quarter. Cetera Investment Advisers now owns 16,240 shares of the company's stock valued at $1,050,000 after purchasing an additional 2,093 shares during the period. SG Americas Securities LLC grew its position in Upstart by 135.3% during the second quarter. SG Americas Securities LLC now owns 83,766 shares of the company's stock valued at $5,418,000 after purchasing an additional 48,162 shares in the last quarter. Candriam S.C.A. purchased a new position in Upstart during the second quarter valued at approximately $527,000. Police & Firemen s Retirement System of New Jersey increased its stake in Upstart by 9.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 19,057 shares of the company's stock valued at $1,233,000 after buying an additional 1,608 shares during the period. Finally, Geode Capital Management LLC lifted its position in Upstart by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,009,116 shares of the company's stock worth $129,965,000 after buying an additional 73,582 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.
Upstart Price Performance
Upstart stock opened at $37.27 on Thursday. Upstart Holdings, Inc. has a one year low of $31.40 and a one year high of $96.43. The company's fifty day moving average price is $50.95 and its two-hundred day moving average price is $59.34. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 169.42 and a beta of 2.26.
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Upstart (NASDAQ:UPST - Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.10. The company had revenue of $258.54 million during the quarter, compared to the consensus estimate of $288.94 million. Upstart had a return on equity of 3.68% and a net margin of 3.33%.The firm's revenue was up 70.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) EPS. Upstart has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Upstart Holdings, Inc. will post -0.03 earnings per share for the current year.
Insider Buying and Selling
In other Upstart news, insider Natalia Mirgorodskaya sold 1,439 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $69.21, for a total transaction of $99,593.19. Following the transaction, the insider owned 21,081 shares in the company, valued at $1,459,016.01. This trade represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dave Girouard sold 41,667 shares of the business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $64.93, for a total transaction of $2,705,438.31. Following the completion of the sale, the chief executive officer owned 52,614 shares of the company's stock, valued at $3,416,227.02. The trade was a 44.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 49,995 shares of company stock worth $3,277,869 over the last ninety days. Company insiders own 16.67% of the company's stock.
Analyst Ratings Changes
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UPST has been the topic of several research analyst reports. Piper Sandler lowered their price target on shares of Upstart from $80.00 to $56.00 and set an "overweight" rating on the stock in a report on Wednesday, November 5th. BTIG Research restated a "neutral" rating on shares of Upstart in a research note on Wednesday, November 5th. Needham & Company LLC cut their price target on Upstart from $82.00 to $56.00 and set a "buy" rating for the company in a research note on Wednesday, November 5th. Morgan Stanley set a $45.00 price target on Upstart in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group reissued a "sell" rating and issued a $40.00 price target on shares of Upstart in a research note on Thursday, November 6th. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $64.58.
Check Out Our Latest Stock Analysis on Upstart
Upstart Company Profile
(Free Report)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.
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