Partnership with Community Choice Credit Union expands personal loan access while CEO purchases 50,000 shares at $27.50 each.
Upstart Holdings (NASDAQ:UPST) announced a partnership with Community Choice Credit Union on May 27, 2026, to offer digital personal loans to more consumers. The collaboration aims to provide faster, more convenient lending options for credit union members.
The company also disclosed in a regulatory filing that CEO Paul Gu purchased 50,000 shares at $27.50 per share on May 13, totaling $1.375M. Earlier in May, Upstart reported Q1 revenue of $308M, exceeding estimates of $303.4M, though adjusted EBITDA fell to $40.5M from $42.6M a year ago.
Needham analyst Kyle Peterson lowered Upstart’s price target to $37 from $40 on May 6, citing mixed Q1 results with revenue beating expectations but profitability missing consensus due to higher expenses.