Neo Ivy Capital Management Makes New Investment in Upstart Holdings, Inc. $UPST

Neo Ivy Capital Management purchased a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 63,356 shares of the company’s stock, valued at approximately $3,218,000. Upstart accounts for about 0.8% of Neo Ivy Capital Management’s holdings, making the stock its 27th biggest position. Neo Ivy Capital Management owned 0.07% of Upstart as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Clearstead Advisors LLC acquired a new stake in shares of Upstart during the 3rd quarter valued at about $25,000. Steward Partners Investment Advisory LLC increased its stake in 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 acquiring an additional 362 shares during the period. State of Wyoming acquired a new position in Upstart in the second quarter worth about $61,000. Cornerstone Planning Group LLC raised its position in Upstart by 9,454.5% in 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 in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Upstart by 29.1% during the second quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock worth $69,000 after purchasing an additional 241 shares during the period. 63.01% of the stock is owned by institutional investors.

Upstart Trading Down 2.9%

NASDAQ:UPST opened at $27.78 on Friday. The stock has a market capitalization of $2.72 billion, a P/E ratio of 66.14, a price-to-earnings-growth ratio of 0.74 and a beta of 2.44. Upstart Holdings, Inc. has a 1 year low of $25.60 and a 1 year high of $87.30. The firm has a 50 day moving average of $39.07 and a 200-day moving average of $47.75.

Upstart (NASDAQ:UPST) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Upstart had a return on equity of 6.30% and a net margin of 5.13%.The business had revenue of $296.09 million for the quarter, compared to analyst estimates of $288.54 million. During the same period in the prior year, the company earned $0.26 EPS. Upstart’s revenue for the quarter was up 35.2% on a year-over-year basis. As a group, analysts forecast that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Upstart announced that its board has authorized a stock repurchase plan on Thursday, February 19th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 3.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UPST. Needham & Company LLC decreased their price objective on Upstart from $56.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday. The Goldman Sachs Group upgraded Upstart from a “sell” rating to a “neutral” rating and cut their target price for the stock from $44.00 to $35.00 in a research report on Friday, February 13th. Compass Point upgraded Upstart from a “sell” rating to a “neutral” rating and upped their price target for the company from $20.00 to $30.00 in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Upstart in a research note on Monday, December 29th. Finally, Citigroup downgraded shares of Upstart from a “buy” rating to a “strong sell” rating in a research note on Friday, February 13th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $48.17.

Insider Buying and Selling at Upstart

In other news, Director Kerry Whorton Cooper sold 1,500 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $50.00, for a total transaction of $75,000.00. Following the sale, the director owned 23,934 shares in the company, valued at approximately $1,196,700. This represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sanjay Datta sold 7,982 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $29.86, for a total value of $238,342.52. Following the completion of the sale, the chief financial officer 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 disclosure for this sale is available in the SEC filing. Insiders have sold 10,981 shares of company stock worth $357,201 in the last 90 days. Company insiders own 16.67% of the company’s stock.

Upstart Company 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.