SummitTX Capital L.P. Reduces Stock Position in Upstart Holdings, Inc. $UPST

SummitTX Capital L.P. lessened its stake in Upstart Holdings, Inc. (NASDAQ:UPST) by 30.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,503 shares of the company’s stock after selling 25,720 shares during the period. SummitTX Capital L.P. owned approximately 0.06% of Upstart worth $1,526,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Annex Advisory Services LLC grew its holdings in shares of Upstart by 103.5% in the fourth quarter. Annex Advisory Services LLC now owns 421,373 shares of the company’s stock worth $18,427,000 after acquiring an additional 214,279 shares during the period. Halter Ferguson Financial Inc. boosted its position in Upstart by 102.2% in the fourth quarter. Halter Ferguson Financial Inc. now owns 415,321 shares of the company’s stock worth $18,162,000 after purchasing an additional 209,915 shares during the last quarter. Carnegie Investment Counsel purchased a new position in Upstart in the fourth quarter worth about $10,415,000. Azora Capital LP bought a new stake in shares of Upstart during the 4th quarter valued at about $38,580,000. Finally, Baillie Gifford & Co. bought a new stake in shares of Upstart during the 4th quarter valued at about $33,188,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Upstart Price Performance

UPST opened at $26.60 on Thursday. The company has a 50 day simple moving average of $31.36 and a two-hundred day simple moving average of $32.10. The firm has a market cap of $2.55 billion, a P/E ratio of 70.00, a PEG ratio of 0.74 and a beta of 2.26. Upstart Holdings, Inc. has a 1-year low of $23.97 and a 1-year high of $87.30.

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

Insiders Place Their Bets

In other news, CFO Andrea Blankmeyer sold 7,044 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $29.63, for a total value of $208,713.72. Following the completion of the transaction, the chief financial officer owned 162,383 shares of the company’s stock, valued at $4,811,408.29. This represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanjay Datta sold 15,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $30.41, for a total value of $456,150.00. Following the sale, the insider owned 313,556 shares of the company’s stock, valued at $9,535,237.96. This represents a 4.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 33,346 shares of company stock valued at $991,672. Insiders own 17.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UPST. Wall Street Zen cut shares of Upstart from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Truist Financial set a $40.00 target price on shares of Upstart in a report on Wednesday, May 6th. Piper Sandler dropped their price target on shares of Upstart from $56.00 to $46.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. The Goldman Sachs Group upped their price objective on Upstart from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $43.00 target price on shares of Upstart in a report on Tuesday, July 7th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.93.

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.