Upstart (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, today announced that DR Bank, an FDIC-insured member bank, is using Upstart's small-dollar loan product to support customers with short-term financial needs. These small relief loans are available in amounts between $250-$2,500, for periods of time between three to 18 months—at or below 36% APR. The loans are fast, simple, and far more affordable than many higher-cost credit options traditionally available to consumers facing urgent financial challenges. "We're excited DR Bank has chosen our small-dollar loan product to expand access to bank-quality credit," said Upstart co-founder and CEO Dave Girouard

UNCLE Credit Union (UNCLE), a Northern California-based credit union with over 38,000 members, has announced a new partnership with Upstart (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, to provide personal loans to new and existing members. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241113614042/en/ "At UNCLE Credit Union, we are committed to offering exceptional financial services to meet all our members' needs while also promoting financial wellness throughout our surrounding communities," said Dree Johnson, Senior Vice President and Chief Operating Officer at UNCLE Credit Union. "We partnere

Upstart Holdings, Inc. (NASDAQ:UPST) today announced the pricing of $425,000,000 aggregate principal amount of Convertible Senior Notes due 2030 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the "Securities Act"). Upstart also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date the notes are first issued, up to an additional $75,000,000 aggregate principal amount of the notes. The sale of the notes to the initial purchasers is expected to settle on November 15, 20

Upstart Holdings, Inc. (NASDAQ:UPST) today announced its intention to offer, subject to market conditions and other factors, $425,000,000 aggregate principal amount of Convertible Senior Notes due 2030 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the "Securities Act"). Upstart also expects to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date the notes are first issued, up to an additional $75,000,000 aggregate principal amount of the notes. The notes will be se

Upstart Holdings, Inc. (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, today announced financial results for its third quarter of fiscal year 2024 ended September 30, 2024. Upstart will host a conference call and webcast at 1:30 p.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com. "With 43% sequential growth in lending volume and a return to positive adjusted EBITDA, we continue to strengthen Upstart's position as the fintech leader in artificial intelligence," said Dave Girouard, co-founder and CEO of Upstart. "Even without a significant boost from the macroeconomy, we're back in growth mode." Third Quarte

Upstart (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, today announced the launch of its T-Prime lending program. This new initiative in the Upstart Referral Network enables banks and credit unions to reach America's more affluent "super prime" borrowers. Fourteen lenders have already signed up for T-Prime. "Our goal at Upstart is to offer the best rates and best borrowing process to all Americans—regardless of their credit score," said Dave Girouard, co-founder and CEO of Upstart. "We've historically focused our AI platform on underserved consumers. But with our expansion into T-Prime, we're helping our bank and credit union partners leverage their competitiv

KBRA assigns preliminary ratings to three classes of notes issued by Upstart Securitization Trust 2024-1 ("UPST 2024-1"), a $208.001 million consumer loan ABS collateralized by unsecured consumer loans. The preliminary ratings reflect initial credit enhancement levels of 45.50% for the Class A notes, 35.50% for the Class B notes, and 20.50% for the Class C notes. Credit enhancement consists of overcollateralization, excess spread, a non-declining cash reserve account and subordination (except for the Class C notes). UPST 2024-1 represents the 44th ABS securitization collateralized by unsecured consumer loans originated through the online platform operated by Upstart Network, Inc. ("Upstar

WECU, a Washington-based credit union with over 160,000 members and over $2.7 billion in assets, has announced a new partnership with Upstart (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, to provide personal loans to new and existing members. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241023887345/en/ "At WECU, we believe that lives can be transformed through smart, responsible lending practices. That's why we're thrilled to partner with Upstart," said Matt Berendsen, VP of Lending at WECU. "By partnering with Upstart, we are expanding access to fair and accessible loans that align with our miss

Upstart (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, today announced a programmatic purchase commitment from funds managed by Blue Owl Capital Inc. ("Blue Owl"). Blue Owl's Alternative Credit strategy will purchase up to $2 billion of consumer loans on the Upstart platform over 18 months. The transaction includes an initial acquisition of a $290 million personal loan portfolio, which closed in September. "We are excited to support Upstart's efforts to make the consumer lending process dramatically more efficient for both borrowers and lenders," said David Aidi, Co-Head of Financial Assets, Blue Owl Alternative Credit. "We are also proud to leverage the Blue

Upstart Holdings, Inc. (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, announced today that its third quarter fiscal year 2024 business and financial results will be released on Thursday, Nov. 7, 2024, after the market close. Upstart will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET. Prior to the conference call, the third quarter 2024 earnings press release and investor presentation will be available on Upstart's investor relations website at ir.upstart.com. Live webcast. The live webcast will be accessible on Upstart's investor relations website, ir.upstart.com, and an archived webcast of the conference call will be availabl

BTIG Research upgraded Upstart from Sell to Neutral

Citigroup upgraded Upstart from Neutral to Buy and set a new price target of $87.00 from $56.00 previously

JP Morgan upgraded Upstart from Underweight to Neutral and set a new price target of $45.00 from $30.00 previously

Piper Sandler upgraded Upstart from Neutral to Overweight and set a new price target of $85.00 from $31.00 previously

Wedbush upgraded Upstart from Underperform to Neutral and set a new price target of $45.00 from $10.00 previously

Citigroup upgraded Upstart from Sell to Neutral and set a new price target of $33.00 from $15.00 previously

Mizuho upgraded Upstart from Underperform to Outperform and set a new price target of $31.00 from $17.00 previously

BTIG Research initiated coverage of Upstart with a rating of Sell and set a new price target of $14.00

Redburn Atlantic upgraded Upstart from Sell to Neutral and set a new price target of $25.50 from $22.50 previously

BofA Securities initiated coverage of Upstart with a rating of Underperform and set a new price target of $22.00

4 - Upstart Holdings, Inc. (0001647639) (Issuer)

4 - Upstart Holdings, Inc. (0001647639) (Issuer)

4 - Upstart Holdings, Inc. (0001647639) (Issuer)

4 - Upstart Holdings, Inc. (0001647639) (Issuer)

4 - Upstart Holdings, Inc. (0001647639) (Issuer)

4 - Upstart Holdings, Inc. (0001647639) (Issuer)

4 - Upstart Holdings, Inc. (0001647639) (Issuer)

4 - Upstart Holdings, Inc. (0001647639) (Issuer)

4 - Upstart Holdings, Inc. (0001647639) (Issuer)

4 - Upstart Holdings, Inc. (0001647639) (Issuer)

Upstart (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, today announced a programmatic purchase commitment from funds managed by Blue Owl Capital Inc. ("Blue Owl"). Blue Owl's Alternative Credit strategy will purchase up to $2 billion of consumer loans on the Upstart platform over 18 months. The transaction includes an initial acquisition of a $290 million personal loan portfolio, which closed in September. "We are excited to support Upstart's efforts to make the consumer lending process dramatically more efficient for both borrowers and lenders," said David Aidi, Co-Head of Financial Assets, Blue Owl Alternative Credit. "We are also proud to leverage the Blue

USA News Group Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, Aug. 20, 2024 /PRNewswire/ -- USA News Group – The race to dominate the artificial intelligence (AI) space continues to heat up, with Goldman Sachs recently asking the question "Will the $1 trillion of generative AI investment pay off?". According to Goldman Sachs Asset Management portfolio managers, their confidence continues to increase that this technology cycle is indeed real. It's a global phenomenon, with Brazil recently proposing a $4 billion AI investment plan of its own. Big tech is banking on this AI boom as infrastructure spending indeed nears the $1-trillion mark. However, it's not just the silicon valley

LawFi, Inc., ("LawFi") a pioneering Legal Fintech Lender and the Inventor of the "Legal Fee Loan" is pleased to announce the addition of Mr. Jeff Keltner to our growing team. Mr. Keltner has signed on as an Advisor to help guide our highly experienced teams. Jeff Keltner is an innovative digital lending veteran, formerly of Upstart (NASDAQ:UPST), a leading artificial intelligence (AI) lending platform designed to improve access to affordable credit while reducing the risk and costs of lending for banks and credit unions. Upstart is the leading AI lending marketplace, connecting millions of consumers to 100+ banks and credit unions who leverage Upstart's artificial intelligence models and

SAN FRANCISCO, CA, June 22, 2021 (GLOBE NEWSWIRE) -- Fundbox, the financial platform for small businesses, announced today that it has appointed Hilliard Terry to its Board of Directors. Mr. Terry is an experienced executive leader, corporate board member and advisor to private equity backed portfolio companies.   Mr. Terry currently serves on the board of directors of Umpqua Holdings Corporation (NASDAQ:UMPQ), a financial services company. He also serves on the board of directors of Upstart Holdings, Inc. (NASDAQ:UPST), a leading artificial intelligence consumer lending platform, and on the board of TLG Acquisition One Corporation (NYSE:TLGA), a special purpose acquisition company. "H

Upstart Holdings, Inc. (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, today announced financial results for its third quarter of fiscal year 2024 ended September 30, 2024. Upstart will host a conference call and webcast at 1:30 p.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com. "With 43% sequential growth in lending volume and a return to positive adjusted EBITDA, we continue to strengthen Upstart's position as the fintech leader in artificial intelligence," said Dave Girouard, co-founder and CEO of Upstart. "Even without a significant boost from the macroeconomy, we're back in growth mode." Third Quarte

Upstart Holdings, Inc. (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, announced today that its third quarter fiscal year 2024 business and financial results will be released on Thursday, Nov. 7, 2024, after the market close. Upstart will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET. Prior to the conference call, the third quarter 2024 earnings press release and investor presentation will be available on Upstart's investor relations website at ir.upstart.com. Live webcast. The live webcast will be accessible on Upstart's investor relations website, ir.upstart.com, and an archived webcast of the conference call will be availabl

Upstart Holdings, Inc. (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, today announced financial results for its second quarter of fiscal year 2024 ended June 30, 2024. Upstart will host a conference call and webcast at 1:30 p.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com. "The guidance we released today demonstrates that we're on track toward resuming our role as the fintech known for high growth and healthy margins," said Dave Girouard, CEO, Upstart. "The improvements in our business are coming from significant advances in our AI model, a revitalized funding supply, and increased operating efficiency.

Upstart Holdings, Inc. (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, announced today that its second quarter fiscal year 2024 business and financial results will be released on Tuesday, Aug. 6, 2024 after the market close. Upstart will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET. Prior to the conference call, the second quarter 2024 earnings press release and investor presentation will be available on Upstart's investor relations website at ir.upstart.com. Live webcast: The live webcast will be accessible on Upstart's investor relations website, ir.upstart.com, and an archived webcast of the conference call will be availab

Upstart Holdings, Inc. (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, today announced financial results for its first quarter of fiscal year 2024 ended March 31, 2024. Upstart will host a conference call and webcast at 1:30 p.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com. "We continue to focus on improving our efficiency and financial performance while investing responsibly for the long-term," said Dave Girouard, CEO, Upstart. "As a result, we anticipate a return to sequential growth in the second half of the year and positive EBITDA by the end of the year, even in the current credit environment." Fi

Upstart Holdings, Inc. (NASDAQ:UPST), a leading artificial intelligence (AI) lending marketplace, announced today that its first quarter fiscal year 2024 business and financial results will be released on Tuesday, May 7, 2024 after the market close. Upstart will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET. Prior to the conference call, the first quarter 2024 earnings press release and investor presentation will be available on Upstart's investor relations website at ir.upstart.com. Live webcast. The live webcast will be accessible on Upstart's investor relations website, ir.upstart.com, and an archived webcast of the conference call will be available af

Upstart Holdings, Inc. (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, today announced financial results for its fourth quarter and fiscal year 2023 ended December 31, 2023. Upstart will host a conference call and webcast at 1:30 p.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com. "Despite the difficult lending environment, we delivered solid results to end the year," said Dave Girouard, CEO, Upstart. "The numbers will show that we've actually become more efficient in 2023. And even while becoming more efficient, we've laid the groundwork to become a more resilient and diversified company that can thrive t

Upstart Holdings, Inc. (NASDAQ:UPST), a leading artificial intelligence (AI) lending marketplace, announced today that its fourth quarter and fiscal year 2023 business and financial results will be released on Tuesday, February 13, 2024 after the market close. Upstart will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET. Prior to the conference call, the fourth quarter and full year 2023 earnings press release and investor presentation will be available on Upstart's investor relations website at ir.upstart.com. Live webcast. The live webcast will be accessible on Upstart's investor relations website, ir.upstart.com, and an archived webcast of the conference

Upstart Holdings, Inc. (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, today announced financial results for its third quarter of fiscal year 2023 ended September 30, 2023. Upstart will host a conference call and webcast at 1:30 p.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com. "We're making rapid progress in building the world's first and best AI lending platform," said Dave Girouard, co-founder and CEO of Upstart. "Of course we'd prefer to be growing quickly, but this is a time when it's wise to be operating in a conservative mode. We were EBITDA positive for the second straight quarter, our contributi

Upstart Holdings, Inc. (NASDAQ:UPST), a leading artificial intelligence (AI) lending marketplace, announced today that its third quarter fiscal year 2023 business and financial results will be released on Tuesday, November 7, 2023 after the market close. Upstart will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET. Prior to the conference call, the third quarter 2023 earnings press release and investor presentation will be available on Upstart's investor relations website at ir.upstart.com. Live webcast. The live webcast will be accessible on Upstart's investor relations website, ir.upstart.com, and an archived webcast of the conference call will be availab

The Bank of Elk River, one of the largest community banks in Sherburne County, Minnesota, has announced a new partnership with Upstart (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, to provide digital-initiated personal loans to customers outside of their typical footprint.

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Financials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TFC CALL TRADE BULLISH 08/16/24 $45.00 $636.3K 895 10.1K UPST CALL TRADE BULLISH 12/20

Upstart Hldgs's (NYSE:UPST) short percent of float has fallen 3.26% since its last report. The company recently reported that it has 25.16 million shares sold short, which is 32.95% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.64 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short intere

Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) fell sharply during Monday's session after the company announced a workforce reduction. SolarEdge disclosed a decision to lay off 400 employees. The company stated that 200 of these job cuts are in Israel. The action involves reducing headcount and discretionary spending across all departments. SolarEdge Technologies shares dipped 12.2% to $27.77 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Autonomix Medical, Inc. (NASDAQ:AMIX) shares climbed 148% to $1.4850 after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Gener

Upstart Holdings, Inc. (NASDAQ:SPEC) shares are trading higher Monday. The stock rose 17% last week after it announced a new credit union partner.  The Details: Upstart shares rose after the company announced a partnership with Texans Credit Union, one of Texas' largest credit unions with over 123,000 members and $2.2 billion in assets.  “We are proud to have Texans Credit Union as one of Upstart’s lending partners,” said Michael Lock, Senior Vice President of Lending Partnerships at Upstart. “As a partner on the Upstart Referral Network, Texans Credit Union is able to provide personal loans to help more Texans achieve their financial goals." Read Next: What’s Going On With Rivia

U.S. stocks were higher, with the Dow Jones index gaining around 250 points on Monday. Shares of MicroStrategy Incorporated (NASDAQ:MSTR) rose sharply during Monday's session amid a rise Bitcoin. Bitcoin prices rose past the key $63,000 level on Monday. MicroStrategy shares jumped 11.5% to $1,556.89 during the session. Here are some other big stocks recording gains in today’s session. Trump Media & Technology Group Corp. (NASDAQ:DJT) shares jumped 32.8% to $41.03 following the attempted assassination of Donald Trump. The company's CEO Devin Nunes issued the following statement in response to the attempted assassination of President Donald J. Trump, “I offer my deepest sympath

Shares of Upstart Holdings, Inc. (NASDAQ:UPST) are moving higher Thursday. Here’s what you need to know. What Happened: The company announced a strategic partnership with Texans Credit Union, one of Texas’ largest credit unions. Texans Credit Union, with over 123,000 members and $2.2 billion in assets, has teamed up with Upstart, the leading AI lending marketplace, to offer personal loans to consumers. “Our growth strategy is focused on finding the best ways to assist people in meeting their financial goals,” said David Frazier, president and CEO of Texans Credit Union. “Through Upstart’s AI lending marketplace, we are expanding how we reach and lend to more Texans during key milestone

Texans Credit Union, one of the largest credit unions in Texas with more than 123,000 members and $2.2 billion in assets, has announced their partnership with Upstart (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, to offer personal loans to consumers.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240710459438/en/