Groupama Asset Managment Acquires Shares of 500,000 Upstart Holdings, Inc. $UPST

Groupama Asset Managment acquired a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) in the third quarter, HoldingsChannel.com reports. The fund acquired 500,000 shares of the company’s stock, valued at approximately $25,400,000.

Other institutional investors have also made changes to their positions in the company. Clearstead Advisors LLC bought a new stake in Upstart in the 3rd quarter valued at $25,000. Quarry LP lifted its holdings in Upstart by 749.2% during the 3rd quarter. Quarry LP now owns 501 shares of the company’s stock valued at $25,000 after purchasing an additional 442 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Upstart by 132.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock worth $39,000 after purchasing an additional 439 shares during the period. Cornerstone Planning Group LLC boosted its position in Upstart by 9,454.5% during the third quarter. Cornerstone Planning Group LLC now owns 1,051 shares of the company’s stock worth $49,000 after purchasing an additional 1,040 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Upstart by 72.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 864 shares of the company’s stock valued at $56,000 after purchasing an additional 362 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Upstart

In other news, CFO Sanjay Datta sold 7,982 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $29.86, for a total transaction of $238,342.52. Following the transaction, the chief financial officer directly owned 276,688 shares of the company’s stock, valued at approximately $8,261,903.68. This trade represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 9,481 shares of company stock worth $282,201 over the last quarter. 16.67% of the stock is currently owned by company insiders.

Upstart Stock Performance

UPST stock opened at $25.83 on Thursday. The company’s 50-day simple moving average is $35.88 and its 200 day simple moving average is $45.32. Upstart Holdings, Inc. has a 52 week low of $25.60 and a 52 week high of $87.30. The company has a market capitalization of $2.53 billion, a PE ratio of 61.50, a price-to-earnings-growth ratio of 0.72 and a beta of 2.44.

Upstart (NASDAQ:UPST) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The business had revenue of $296.09 million during the quarter, compared to analysts’ expectations of $288.54 million. Upstart had a net margin of 5.13% and a return on equity of 6.30%. The business’s revenue was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.26 EPS. On average, analysts forecast that Upstart Holdings, Inc. will post -0.03 EPS for the current year.

Upstart announced that its Board of Directors has initiated a share buyback program on Thursday, February 19th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 3.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

UPST has been the topic of several research analyst reports. Zacks Research lowered shares of Upstart from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. BTIG Research upgraded shares of Upstart from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Monday. Citigroup cut shares of Upstart from a “buy” rating to a “strong sell” rating in a report on Friday, February 13th. Citizens Jmp restated a “market underperform” rating and set a $20.00 price objective on shares of Upstart in a report on Friday, February 13th. Finally, The Goldman Sachs Group raised Upstart from a “sell” rating to a “neutral” rating and decreased their target price for the company from $44.00 to $35.00 in a research report on Friday, February 13th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Upstart has an average rating of “Hold” and a consensus target price of $47.77.

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.