Halter Ferguson Increases Stake in Upstart by $37 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
0mins
Should l Buy UPST?
Source: Yahoo Finance
- Stake Increase: Halter Ferguson Financial Inc. increased its stake in Upstart by 1,052,039 shares in Q1 2026, with an estimated transaction value of $37.01 million, indicating a bullish outlook despite significant stock price fluctuations.
- Ownership Proportion Rise: Following this purchase, Halter Ferguson's stake in Upstart rose to 8.26%, reflecting confidence in Upstart's future growth potential, even as the stock has declined by 31.2% over the past year.
- Financial Performance: Upstart reported $1 billion in revenue for 2025, a 64% year-over-year increase, and forecasts $1.4 billion in revenue for 2026, demonstrating robust business growth despite stock price pressures.
- Investment Timing: With Upstart's price-to-sales ratio at about three, a multi-year low, combined with Halter Ferguson's stake increase, it suggests that now may be an opportune time to invest in the stock, although analysts remain cautious about its outlook.
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Analyst Views on UPST
Wall Street analysts forecast UPST stock price to rise
13 Analyst Rating
7 Buy
4 Hold
2 Sell
Moderate Buy
Current: 29.000
Low
20.00
Averages
56.73
High
80.00
Current: 29.000
Low
20.00
Averages
56.73
High
80.00
About UPST
Upstart Holdings, Inc. is an artificial intelligence (AI) lending marketplace. The Company’s platform includes personal loans, automotive retail and refinance loans, home equity lines of credit (HELOCs), and small dollar loans. It applies artificial intelligence models and cloud applications to the process of underwriting consumer credit. Its AI marketplace connects consumers with its lending partner. Its consumers can access Upstart-powered loans via Upstart.com, through a lender-branded product on its lending partners’ own websites, and through auto dealerships that use its Upstart Auto Retail software. Its platform enables lenders provide a product their customers want, rather than letting customers seek loans from competitors. Its cloud-based software platform incorporates technologies and software development approaches to allow for development of new features, such as cloud-native technologies, data integrity and security, and configurable multi-tenant architecture, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Upstart's Earnings Report Disappoints Investors
- Disappointing Earnings: Upstart's latest earnings report failed to meet investor expectations, leading to a decline in stock price, which reflects market concerns about its future growth and could impact its financing capabilities and market confidence.
- Investor Confidence Shaken: Analysts noted that Upstart did not make it onto the current list of the top 10 recommended stocks, indicating a decline in its attractiveness to investors, which may lead to capital outflows.
- AI Market Expectations: Despite challenges, the demand for AI technology remains strong, suggesting potential new opportunities for Upstart, especially in collaborations with giants like Nvidia and Intel.
- Investment Return Comparison: Data from Motley Fool shows that previously recommended stocks like Netflix and Nvidia achieved significant returns, while Upstart has not kept pace with this trend, potentially affecting its reputation among investors and future investment appeal.
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Upstart's Quarterly Report Disappoints Investors
- Disappointing Earnings Report: Upstart's recently completed quarterly report failed to meet investor expectations, leading to a decline in stock prices and reflecting market concerns about future growth.
- Strong Investor Reaction: The stock price of Upstart saw a significant drop during afternoon trading on May 7, 2026, indicating investor dissatisfaction with the company's performance.
- Eroded Market Confidence: The lack of positive guidance in the earnings report has shaken investor confidence in Upstart, potentially impacting its future financing capabilities.
- Need for Strategic Reevaluation: In light of investor discontent, Upstart may need to reassess its business strategy to restore market confidence and drive stock price recovery.
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- Fee Arrangement: Investors participating in the class action will not incur any upfront costs, as the law firm operates on a contingency fee basis, which alleviates the financial burden on investors and encourages broader participation from affected parties.
- Lawsuit Background: The lawsuit alleges that Upstart made false and misleading statements during the class period, resulting in investor losses when the true information was revealed, particularly noting that Model 22's risk-separation process overreacted to negative macroeconomic signals, adversely affecting the company's revenue guidance.
- Law Firm Credentials: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked No. 1 by ISS Securities Class Action Services in 2017, underscoring its expertise and influence in this legal domain.
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- Lawsuit Background: Upstart Holdings is facing a class action lawsuit on behalf of investors who purchased securities between May 14, 2025, and November 4, 2025, alleging that its latest AI model, Model 22, overreacted to negative macroeconomic signals, leading to unreliable financial forecasts.
- Financial Impact: In Q3 2025, Upstart disclosed it missed earnings expectations due to Model 22's overreaction, which reduced borrower approval and conversion rates, prompting a negative revision of its FY 2025 revenue guidance.
- Stock Price Volatility: Following the lawsuit announcement, Upstart's stock price fell by $4.49, or approximately 9.7%, from $46.24 on November 4, 2025, to $41.75, indicating market concerns over the company's financial stability.
- Investor Action: Investors must apply by June 8, 2026, to become lead plaintiffs in the lawsuit, which allows them to represent other investors and influence litigation strategy and settlement decisions, ensuring their rights are protected.
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Upstart Holdings Executive Exercises Stock Options
- Executive Stock Option Exercise: Upstart Holdings' Executive Chairman and Co-founder Dave Girouard exercised employee stock options, acquiring 835,075 shares of common stock at $0.83 per share through his 2008 D&T Girouard Revocable Trust, indicating strong confidence in the company's future.
- Trust Acquisition of Shares: The acquisition of 835,075 shares suggests Girouard's optimistic outlook on Upstart's long-term value, potentially boosting investor confidence in the company's prospects.
- Market Reaction Potential: With the executive exercising stock options, the market may respond positively to Upstart's stock price, especially in light of the upcoming Q1 2026 earnings report, where investors might anticipate better performance.
- Strategic Implications: This move not only reflects executive confidence in the company's future but may also motivate other employees and investors, further driving growth and innovation in the fintech sector.
See More
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- Class Action Reminder: The Schall Law Firm alerts investors of a class action lawsuit against Upstart Holdings for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between May 14, 2025, and November 4, 2025, with a deadline to contact the firm by June 8, 2026.
- False Statement Allegations: The complaint alleges that Upstart made false and misleading statements regarding its 'Model 22' AI, which reportedly reacted poorly to macroeconomic signals, leading to overstated accuracy claims and negatively impacting business performance.
- Investor Losses: As the market learned the truth about Upstart's performance, investors suffered damages, indicating that the company's public statements were false and materially misleading throughout the class period, which could erode investor confidence.
- Legal Consultation Opportunity: The Schall Law Firm offers free consultations for affected shareholders, emphasizing its specialization in securities class action lawsuits and shareholder rights litigation, aiming to assist investors in recovering their losses.
See More
Upstart's Earnings Report Disappoints Investors
- Disappointing Earnings: Upstart's latest earnings report failed to meet investor expectations, leading to a decline in stock price, which reflects market concerns about its future growth and could impact its financing capabilities and market confidence.
- Investor Confidence Shaken: Analysts noted that Upstart did not make it onto the current list of the top 10 recommended stocks, indicating a decline in its attractiveness to investors, which may lead to capital outflows.
- AI Market Expectations: Despite challenges, the demand for AI technology remains strong, suggesting potential new opportunities for Upstart, especially in collaborations with giants like Nvidia and Intel.
- Investment Return Comparison: Data from Motley Fool shows that previously recommended stocks like Netflix and Nvidia achieved significant returns, while Upstart has not kept pace with this trend, potentially affecting its reputation among investors and future investment appeal.
See More
Upstart's Quarterly Report Disappoints Investors
- Disappointing Earnings Report: Upstart's recently completed quarterly report failed to meet investor expectations, leading to a decline in stock prices and reflecting market concerns about future growth.
- Strong Investor Reaction: The stock price of Upstart saw a significant drop during afternoon trading on May 7, 2026, indicating investor dissatisfaction with the company's performance.
- Eroded Market Confidence: The lack of positive guidance in the earnings report has shaken investor confidence in Upstart, potentially impacting its future financing capabilities.
- Need for Strategic Reevaluation: In light of investor discontent, Upstart may need to reassess its business strategy to restore market confidence and drive stock price recovery.
See More
Reminder of Class Action Lawsuit for Upstart Holdings Investors
- Class Action Notification: Rosen Law Firm reminds investors who purchased Upstart Holdings (NASDAQ: UPST) securities between May 14, 2025, and November 4, 2025, that they must apply to be lead plaintiffs by June 8, 2026, or risk losing the opportunity to represent other investors in the class action.
- Fee Arrangement: Investors participating in the class action will not incur any upfront costs, as the law firm operates on a contingency fee basis, which alleviates the financial burden on investors and encourages broader participation from affected parties.
- Lawsuit Background: The lawsuit alleges that Upstart made false and misleading statements during the class period, resulting in investor losses when the true information was revealed, particularly noting that Model 22's risk-separation process overreacted to negative macroeconomic signals, adversely affecting the company's revenue guidance.
- Law Firm Credentials: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked No. 1 by ISS Securities Class Action Services in 2017, underscoring its expertise and influence in this legal domain.
See More
Upstart Holdings Faces Class Action Lawsuit
- Lawsuit Background: Upstart Holdings is facing a class action lawsuit on behalf of investors who purchased securities between May 14, 2025, and November 4, 2025, alleging that its latest AI model, Model 22, overreacted to negative macroeconomic signals, leading to unreliable financial forecasts.
- Financial Impact: In Q3 2025, Upstart disclosed it missed earnings expectations due to Model 22's overreaction, which reduced borrower approval and conversion rates, prompting a negative revision of its FY 2025 revenue guidance.
- Stock Price Volatility: Following the lawsuit announcement, Upstart's stock price fell by $4.49, or approximately 9.7%, from $46.24 on November 4, 2025, to $41.75, indicating market concerns over the company's financial stability.
- Investor Action: Investors must apply by June 8, 2026, to become lead plaintiffs in the lawsuit, which allows them to represent other investors and influence litigation strategy and settlement decisions, ensuring their rights are protected.
See More
Upstart Holdings Executive Exercises Stock Options
- Executive Stock Option Exercise: Upstart Holdings' Executive Chairman and Co-founder Dave Girouard exercised employee stock options, acquiring 835,075 shares of common stock at $0.83 per share through his 2008 D&T Girouard Revocable Trust, indicating strong confidence in the company's future.
- Trust Acquisition of Shares: The acquisition of 835,075 shares suggests Girouard's optimistic outlook on Upstart's long-term value, potentially boosting investor confidence in the company's prospects.
- Market Reaction Potential: With the executive exercising stock options, the market may respond positively to Upstart's stock price, especially in light of the upcoming Q1 2026 earnings report, where investors might anticipate better performance.
- Strategic Implications: This move not only reflects executive confidence in the company's future but may also motivate other employees and investors, further driving growth and innovation in the fintech sector.
See More
Upstart Holdings Faces Class Action Lawsuit Over Misleading Statements
- Class Action Reminder: The Schall Law Firm alerts investors of a class action lawsuit against Upstart Holdings for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between May 14, 2025, and November 4, 2025, with a deadline to contact the firm by June 8, 2026.
- False Statement Allegations: The complaint alleges that Upstart made false and misleading statements regarding its 'Model 22' AI, which reportedly reacted poorly to macroeconomic signals, leading to overstated accuracy claims and negatively impacting business performance.
- Investor Losses: As the market learned the truth about Upstart's performance, investors suffered damages, indicating that the company's public statements were false and materially misleading throughout the class period, which could erode investor confidence.
- Legal Consultation Opportunity: The Schall Law Firm offers free consultations for affected shareholders, emphasizing its specialization in securities class action lawsuits and shareholder rights litigation, aiming to assist investors in recovering their losses.
See More
