Coastal Bridge Advisors LLC Takes Position in Upstart Holdings, Inc. $UPST

Coastal Bridge Advisors LLC acquired a new stake in shares of Upstart Holdings, Inc. (NASDAQ:UPST) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 35,688 shares of the company’s stock, valued at approximately $1,264,000.

A number of other hedge funds have also bought and sold shares of UPST. Corient Private Wealth LP purchased a new position in shares of Upstart in the 2nd quarter worth $1,971,000. Freestone Grove Partners LP bought a new position in Upstart in the second quarter valued at about $300,000. Odyssean LLC grew its stake in shares of Upstart by 124.0% during the 2nd quarter. Odyssean LLC now owns 80,393 shares of the company’s stock valued at $2,848,000 after purchasing an additional 44,510 shares during the period. Jupiter Topco LLC purchased a new stake in shares of Upstart during the 2nd quarter valued at about $1,291,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Upstart during the 2nd quarter valued at about $684,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Upstart Trading Down 0.0%

Shares of NASDAQ:UPST opened at $30.46 on Friday. The stock has a 50 day moving average of $30.79 and a 200 day moving average of $30.03. The company has a market cap of $2.96 billion, a PE ratio of 62.16, a price-to-earnings-growth ratio of 1.07 and a beta of 2.29. Upstart Holdings, Inc. has a 12-month low of $23.97 and a 12-month high of $76.95.

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

Insider Activity at Upstart

In other Upstart news, insider Sanjay Datta sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $30.41, for a total transaction of $456,150.00. Following the sale, the insider directly owned 313,556 shares of the company’s stock, valued at $9,535,237.96. This trade represents a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrea Blankmeyer sold 7,175 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $29.36, for a total value of $210,658.00. Following the completion of the transaction, the chief financial officer owned 155,208 shares in the company, valued at $4,556,906.88. The trade was a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last quarter, insiders have sold 47,652 shares of company stock worth $1,424,230. 17.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on UPST shares. Piper Sandler raised their price objective on shares of Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Wall Street Zen raised shares of Upstart from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Morgan Stanley set a $35.00 price target on shares of Upstart in a research report on Thursday, May 7th. Citigroup dropped their price target on shares of Upstart from $80.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Finally, B. Riley Financial reduced their price objective on Upstart from $66.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Upstart currently has a consensus rating of “Hold” and an average 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.