Odyssean LLC Has $2.85 Million Stock Position in Upstart Holdings, Inc. $UPST

Odyssean LLC grew its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST) by 124.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 80,393 shares of the company’s stock after acquiring an additional 44,510 shares during the period. Odyssean LLC’s holdings in Upstart were worth $2,848,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quarry LP grew its stake in shares of Upstart by 749.2% in the third quarter. Quarry LP now owns 501 shares of the company’s stock worth $25,000 after purchasing an additional 442 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Upstart by 132.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the company’s stock valued at $39,000 after purchasing an additional 439 shares during the period. Empowered Funds LLC bought a new position in Upstart during the 4th quarter worth $40,000. Bogart Wealth LLC bought a new position in Upstart during the 4th quarter worth $44,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Upstart by 274.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,842 shares of the company’s stock worth $47,000 after buying an additional 1,350 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Upstart Trading Up 2.3%

Shares of UPST opened at $30.58 on Wednesday. The stock has a market capitalization of $2.98 billion, a P/E ratio of 62.41, a price-to-earnings-growth ratio of 1.05 and a beta of 2.29. The firm’s fifty day simple moving average is $30.83 and its two-hundred day simple moving average is $30.12. Upstart Holdings, Inc. has a 12 month low of $23.97 and a 12 month high of $76.95.

Upstart (NASDAQ:UPST) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Upstart had a return on equity of 7.13% and a net margin of 4.84%.The business had revenue of $364.71 million for the quarter, compared to analyst estimates of $354.74 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. The business’s revenue was up 41.9% on a year-over-year basis. As a group, research analysts predict that Upstart Holdings, Inc. will post 0.72 EPS for the current fiscal year.

Insider Activity at Upstart

In other Upstart news, CFO Andrea Blankmeyer sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $29.33, for a total value of $87,990.00. Following the transaction, the chief financial officer directly owned 152,208 shares of the company’s stock, valued at approximately $4,464,260.64. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanjay Datta sold 8,945 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $28.09, for a total value of $251,265.05. Following the transaction, the insider owned 292,578 shares in the company, valued at $8,218,516.02. The trade was a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 46,739 shares of company stock valued at $1,396,813 in the last ninety days. 17.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on UPST shares. B. Riley Financial reduced their price target on Upstart from $66.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Jefferies Financial Group restated a “hold” rating and set a $30.00 price objective on shares of Upstart in a research report on Tuesday, June 9th. The Goldman Sachs Group lifted 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. Morgan Stanley set a $35.00 target price on Upstart in a report on Thursday, May 7th. Finally, Citigroup decreased their target price on shares of Upstart from $80.00 to $61.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Upstart has an average rating of “Hold” and a consensus target price of $44.40.

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.