Clear Street Group Inc. Acquires New Shares in Upstart Holdings, Inc. $UPST

Clear Street Group Inc. acquired a new position in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the third quarter, Holdings Channel.com reports. The fund acquired 571,212 shares of the company’s stock, valued at approximately $29,018,000.

Other large investors have also added to or reduced their stakes in the company. Cresset Asset Management LLC grew its holdings in Upstart by 3.3% during the 2nd quarter. Cresset Asset Management LLC now owns 5,241 shares of the company’s stock valued at $339,000 after buying an additional 169 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Upstart by 3.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,448 shares of the company’s stock worth $386,000 after buying an additional 218 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Upstart by 29.1% in the second quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock worth $69,000 after buying an additional 241 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Upstart by 5.3% in the second quarter. Advisory Services Network LLC now owns 5,399 shares of the company’s stock valued at $349,000 after acquiring an additional 272 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of Upstart by 0.4% in the second quarter. California State Teachers Retirement System now owns 76,368 shares of the company’s stock valued at $4,939,000 after acquiring an additional 332 shares during the period. Institutional investors own 63.01% of the company’s stock.

Upstart Price Performance

Shares of UPST opened at $26.36 on Friday. The firm’s 50 day simple moving average is $37.28 and its 200 day simple moving average is $46.26. The company has a market capitalization of $2.58 billion, a P/E ratio of 62.76, a P/E/G ratio of 0.68 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.

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

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

Insider Activity

In other news, CFO Sanjay Datta sold 7,982 shares of Upstart stock in a transaction 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 completion of the sale, the chief financial officer directly owned 276,688 shares of the company’s stock, valued at approximately $8,261,903.68. The trade was a 2.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 9,481 shares of company stock worth $282,201. Insiders own 16.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup lowered shares of Upstart from a “buy” rating to a “strong sell” rating in a report on Friday, February 13th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Upstart in a report on Wednesday. Truist Financial reduced their price target on shares of Upstart from $59.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. The Goldman Sachs Group raised shares of Upstart from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $44.00 to $35.00 in a report on Friday, February 13th. Finally, Compass Point upgraded Upstart from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $20.00 to $30.00 in a research report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Upstart currently has a consensus rating of “Hold” and a consensus target price of $48.17.

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.