Neo Ivy Capital Management Invests $3.22 Million in Upstart Holdings, Inc. $UPST

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in Upstart in the 2nd quarter worth approximately $67,777,000. Mane Global Capital Management LP acquired a new position in Upstart during the 2nd quarter worth $43,576,000. Rokos Capital Management LLP bought a new position in Upstart in the 2nd quarter valued at $31,012,000. Citigroup Inc. boosted its position in Upstart by 71.5% in the 3rd quarter. Citigroup Inc. now owns 550,138 shares of the company’s stock valued at $27,947,000 after buying an additional 229,315 shares during the last quarter. Finally, Annex Advisory Services LLC acquired a new stake in shares of Upstart in the 3rd quarter valued at $10,520,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Activity

In other Upstart news, CFO Sanjay Datta sold 7,982 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $29.86, for a total transaction of $238,342.52. Following the transaction, the chief financial officer owned 276,688 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kerry Whorton Cooper sold 1,500 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $50.00, for a total value of $75,000.00. Following the transaction, the director owned 23,934 shares of the company’s stock, valued at $1,196,700. The trade was a 5.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 10,981 shares of company stock worth $357,201 in the last three months. Insiders own 16.67% of the company’s stock.

Upstart Stock Performance

Shares of Upstart stock opened at $27.78 on Friday. The firm has a fifty day moving average of $39.07 and a two-hundred day moving average of $47.75. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 66.14, a PEG ratio of 0.74 and a beta of 2.44. Upstart Holdings, Inc. has a 52 week low of $25.60 and a 52 week high of $87.30.

Upstart (NASDAQ:UPST) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the company earned $0.26 EPS. The firm’s revenue was up 35.2% on a year-over-year basis. As a group, research analysts forecast that Upstart Holdings, Inc. will post -0.03 EPS for the current fiscal year.

Upstart declared that its Board of Directors has initiated a share buyback plan on Thursday, February 19th that permits the company to buyback $100.00 million in 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 an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

UPST has been the subject of a number of recent research reports. Citizens Jmp restated a “market underperform” rating and set a $20.00 target price on shares of Upstart in a research report on Friday, February 13th. Truist Financial decreased their price target on Upstart from $59.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Citigroup lowered Upstart from a “buy” rating to a “strong sell” rating in a research report on Friday, February 13th. Needham & Company LLC dropped their price objective on Upstart from $56.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Compass Point upgraded shares of Upstart from a “sell” rating to a “neutral” rating and upped their target price for the company from $20.00 to $30.00 in a research report on Tuesday, February 17th. Four investment 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. According to MarketBeat.com, the stock has an average 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.