Is Upstart Holdings Inc (NASDAQ:UPST) being unfairly punished by investors?

In yesterday’s Wall Street session, Upstart Holdings Inc (NASDAQ:UPST) shares traded at $20.87, down -1.18% from the previous session.

18 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 $36.00 and a low of $6.00, we find $19.50. Given the previous closing price of $21.12, this indicates a potential downside of -7.67 percent. UPST stock price is now -24.53% away from the 50-day moving average and -24.27% away from the 200-day moving average. The market capitalization of the company currently stands at $1.78B.

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The stock has received a hold rating from 7 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $20.19 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 Nov 06. The stock was sold for $31,000 at an average price of $31.00. Upon completion of the transaction, the Chief Financial Officer now directly owns 389,764 shares in the company, valued at $8.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 02, Chief Legal Officer Darling Scott sold 480 shares of the business’s stock. A total of $12,766 was realized by selling the stock at an average price of $26.60. This leaves the insider owning 182,588 shares of the company worth $3.81 million. Insiders disposed of 280,387 shares of company stock worth roughly $5.85 million over the past 1 year. A total of 15.21% of the company’s stock is owned by insiders.

On Friday morning Upstart Holdings Inc (NASDAQ: UPST) stock kicked off with the opening price of $21.21. 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 1.95, a current ratio of 0.56, and a quick ratio of 0.56. The fifty day moving average price for UPST is $27.43 and a two-hundred day moving average price translates $27.58 for the stock.

The latest earnings results from Upstart Holdings Inc (NASDAQ: UPST) was released for Sep, 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 -$0.69 EPS in the same period last year. The net profit margin was -48.85% and return on equity was -37.22% for UPST. The company reported revenue of $134.56 million for the quarter, compared to $157.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.42 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.

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