In yesterday’s Wall Street session, Upstart Holdings Inc. (NASDAQ:UPST) shares traded at $24.59, up 14.96% from the previous session.
15 analysts cover Upstart Holdings Inc. (NASDAQ:UPST), according to research data. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $6.00, we find $12.50. Given the previous closing price of $21.39, this indicates a potential downside of -41.56 percent. UPST stock price is now 60.32% away from the 50-day moving average and 25.77% away from the 200-day moving average. The market capitalization of the company currently stands at $2.08B.
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The stock has received a hold rating from 4 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $12.25 as their price target over the next twelve months.
With the price target of $11, JP Morgan recently initiated with Underweight rating for Upstart Holdings Inc. (NASDAQ: UPST). On March 07, 2023, Compass Point recently initiated its ‘Sell’ rating on the stock quoting a target price of $6, while ‘Loop Capital’ rates the stock as ‘Buy’.
In other news, Cooper Kerry Whorton, Director bought 2,000 shares of the company’s stock on May 15. The stock was bought for $39,851 at an average price of $19.93. Upon completion of the transaction, the Director now directly owns 5,917 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08, Chief Financial Officer Datta Sanjay sold 3,200 shares of the business’s stock. A total of $42,400 was realized by selling the stock at an average price of $13.25. This leaves the insider owning 463,268 shares of the company worth $11.39 million. Insiders disposed of 148,682 shares of company stock worth roughly $3.66 million over the past 1 year. A total of 1.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UPST stock. A new stake in Upstart Holdings Inc. shares was purchased by SUSQUEHANNA INTERNATIONAL GROUP, LLP during the first quarter worth $5,523,000. FRESHFORD CAPITAL MANAGEMENT, LLC invested $5,372,000 in shares of UPST during the first quarter. In the first quarter, JUMP FINANCIAL, LLC acquired a new stake in Upstart Holdings Inc. valued at approximately $3,219,000. HOLOCENE ADVISORS, LP acquired a new stake in UPST for approximately $2,267,000. INDEPENDENT ADVISOR ALLIANCE purchased a new stake in UPST valued at around $2,248,000 in the second quarter. In total, there are 379 active investors with 39.40% ownership of the company’s stock.
On Thursday morning Upstart Holdings Inc. (NASDAQ: UPST) stock kicked off with the opening price of $21.65. During the past 12 months, Upstart Holdings Inc. has had a low of $11.93 and a high of $54.75. The fifty day moving average price for UPST is $15.48 and a two-hundred day moving average price translates $19.55 for the stock.
The latest earnings results from Upstart Holdings Inc. (NASDAQ: UPST) was released for Mar, 2023. According to the Credit Services Company, earnings per share came in at -$0.47, beating analysts’ expectations of -$0.81 by 0.34. This compares to $0.34 EPS in the same period last year. The net profit margin was -38.10% and return on equity was -39.00% for UPST. The company reported revenue of $102.93 million for the quarter, compared to $310.14 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -66.81 percent. For the current quarter, analysts expect UPST to generate $134.12M in revenue.
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