Gemmer Asset Management LLC Increases Stock Position in Upstart Holdings, Inc. $UPST

Gemmer Asset Management LLC boosted its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 43.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,013 shares of the company’s stock after purchasing an additional 7,857 shares during the quarter. Gemmer Asset Management LLC’s holdings in Upstart were worth $1,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in Upstart in the 2nd quarter worth approximately $34,000. Mackenzie Financial Corp purchased a new stake in Upstart in the 4th quarter worth approximately $62,000. GAMMA Investing LLC lifted its stake in Upstart by 23.3% in the 1st quarter. GAMMA Investing LLC now owns 1,662 shares of the company’s stock worth $77,000 after purchasing an additional 314 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Upstart by 385.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,950 shares of the company’s stock worth $90,000 after purchasing an additional 1,548 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Upstart by 20.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,997 shares of the company’s stock worth $92,000 after purchasing an additional 333 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Upstart

In other news, insider Natalia Mirgorodskaya sold 1,439 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $69.21, for a total value of $99,593.19. Following the completion of the sale, the insider directly owned 21,081 shares of the company’s stock, valued at approximately $1,459,016.01. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Paul Gu sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $68.61, for a total transaction of $343,050.00. Following the completion of the sale, the chief technology officer directly owned 1,147,156 shares of the company’s stock, valued at approximately $78,706,373.16. This represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 151,881 shares of company stock worth $10,251,780. 16.67% of the stock is owned by corporate insiders.

Upstart Stock Down 1.7%

Shares of UPST opened at $51.96 on Friday. The stock has a market capitalization of $5.00 billion, a P/E ratio of -649.50 and a beta of 2.28. The firm has a fifty day simple moving average of $66.87 and a two-hundred day simple moving average of $58.87. Upstart Holdings, Inc. has a twelve month low of $31.40 and a twelve month high of $96.43.

Upstart (NASDAQ:UPST) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.36 earnings per share 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 business had revenue of $257.29 million during the quarter, compared to analysts’ expectations of $225.35 million. During the same quarter in the prior year, the company posted ($0.17) EPS. The firm’s revenue for the quarter 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. Sell-side analysts expect that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on UPST shares. 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 research note on Wednesday, August 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Upstart in a report on Saturday, September 27th. The Goldman Sachs Group raised shares of Upstart to a “sell” rating and set a $71.00 price target on the stock in a report on Monday, July 14th. Needham & Company LLC reissued a “buy” rating and issued a $82.00 price target (up previously from $70.00) on shares of Upstart in a report on Wednesday, August 6th. Finally, Piper Sandler increased their price target on shares of Upstart from $75.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $81.08.

Upstart Profile

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.