The Manufacturers Life Insurance Company Makes New Investment in Upstart Holdings, Inc. $UPST

The Manufacturers Life Insurance Company purchased a new stake in Upstart Holdings, Inc. (NASDAQ:UPST) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 43,957 shares of the company’s stock, valued at approximately $1,557,000.

Several other hedge funds and other institutional investors have also made changes to their positions in UPST. Quarry LP grew its position in shares of Upstart by 749.2% during the third quarter. Quarry LP now owns 501 shares of the company’s stock worth $25,000 after buying an additional 442 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised 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 acquiring an additional 439 shares in the last quarter. Empowered Funds LLC acquired a new stake in Upstart in the fourth quarter valued at approximately $40,000. State of Wyoming acquired a new stake in Upstart in the second quarter valued at approximately $61,000. Finally, Daiwa Securities Group Inc. lifted its stake in 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 acquiring an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Upstart Trading Up 1.2%

Upstart stock opened at $28.52 on Friday. The stock has a 50 day moving average of $30.41 and a two-hundred day moving average of $29.83. Upstart Holdings, Inc. has a twelve month low of $23.97 and a twelve month high of $71.38. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 58.20, a PEG ratio of 0.99 and a beta of 2.16.

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Piper Sandler boosted their price target on shares of Upstart from $46.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. The Goldman Sachs Group lifted their price objective on shares of Upstart from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Morgan Stanley set a $35.00 target price on shares of Upstart in a research note on Thursday, May 7th. Citigroup cut their price target on Upstart from $80.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Finally, BTIG Research restated a “buy” rating and set a $43.00 target price on shares of Upstart in a research note on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Upstart currently has an average rating of “Hold” and a consensus price target of $44.40.

Insider Activity at Upstart

In other Upstart news, insider Natalia Mirgorodskaya sold 913 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $30.03, for a total value of $27,417.39. Following the transaction, the insider directly owned 35,875 shares of the company’s stock, valued at approximately $1,077,326.25. The trade was a 2.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sanjay Datta sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $30.41, for a total transaction of $456,150.00. Following the transaction, the insider owned 313,556 shares of the company’s stock, valued at approximately $9,535,237.96. The trade was a 4.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 47,652 shares of company stock worth $1,424,230 in the last three months. Insiders own 17.29% of the company’s stock.

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.