In yesterday’s Wall Street session, Upstart Holdings Inc (NASDAQ:UPST) shares traded at $23.01, down -6.39% from the previous session.
As of this writing, 18 analysts cover Upstart Holdings Inc (NASDAQ:UPST). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $64.00 and a low of $6.00, we find $22.05. Given the previous closing price of $24.58, this indicates a potential downside of -10.29 percent. UPST stock price is now -21.49% away from the 50-day moving average and -14.94% away from the 200-day moving average. The market capitalization of the company currently stands at $1.93B.
There are 7 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $23.57 as their price target over the next twelve months.
In other news, Datta Sanjay, Chief Financial Officer sold 1,000 shares of the company’s stock on Oct 23. The stock was sold for $23,970 at an average price of $23.97. Upon completion of the transaction, the Chief Financial Officer now directly owns 391,764 shares in the company, valued at $9.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16, Chief Financial Officer Datta Sanjay sold 1,000 shares of the business’s stock. A total of $27,350 was realized by selling the stock at an average price of $27.35. This leaves the insider owning 392,764 shares of the company worth $9.04 million. Insiders disposed of 279,867 shares of company stock worth roughly $6.44 million over the past 1 year. A total of 15.21% 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 VOLORIDGE INVESTMENT MANAGEMENT, LLC during the first quarter worth $23,736,000. GROUP ONE TRADING, L.P. invested $4,899,000 in shares of UPST during the first quarter. In the first quarter, LIONTRUST INVESTMENT PARTNERS LLP acquired a new stake in Upstart Holdings Inc valued at approximately $4,832,000. BASSWOOD PARTNERS, L.L.C. acquired a new stake in UPST for approximately $2,043,000. STATE OF NEW JERSEY COMMON PENSION FUND D purchased a new stake in UPST valued at around $2,024,000 in the second quarter. In total, there are 378 active investors with 44.61% ownership of the company’s stock.
Wednesday morning saw Upstart Holdings Inc (NASDAQ: UPST) opened at $24.02. During the past 12 months, Upstart Holdings Inc has had a low of $11.93 and a high of $72.58. As of last week, the company has a debt-to-equity ratio of 1.61, a current ratio of 5.31, and a quick ratio of 5.31. The fifty day moving average price for UPST is $29.11 and a two-hundred day moving average price translates $27.10 for the stock.
The latest earnings results from Upstart Holdings Inc (NASDAQ: UPST) was released for Jun, 2023. According to the Credit Services Company, earnings per share came in at $0.06, beating analysts’ expectations of -$0.07 by 0.13. This compares to -$0.36 EPS in the same period last year. The net profit margin was -49.75% and return on equity was -38.55% for UPST. The company reported revenue of $135.77 million for the quarter, compared to $228.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -40.5 percent. For the current quarter, analysts expect UPST to generate $140.27M in revenue.
Upstart Holdings Inc(UPST) Company Profile
Upstart Holdings, Inc., together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company’s AI-enabled bank and credit union partners. The company was founded in 2012 and is headquartered in San Mateo, California.
