The price of Upstart Holdings Inc (NASDAQ:UPST) shares last traded on Wall Street rose 7.52% to $26.17.
Based on available information, 17 analysts follow 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 $36.00 and a low of $6.00, we find $19.00. Given the previous closing price of $24.34, this indicates a potential downside of -21.94 percent. UPST stock price is now 0.43% away from the 50-day moving average and -5.86% away from the 200-day moving average. The market capitalization of the company currently stands at $2.23B.
Among analysts, 7 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $19.81 as their price target over the next twelve months.
In other news, Mirgorodskaya Natalia, Corporate Controller sold 2,444 shares of the company’s stock on Nov 24. The stock was sold for $56,833 at an average price of $23.25. Upon completion of the transaction, the Corporate Controller now directly owns 30,833 shares in the company, valued at $0.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21, Chief Financial Officer Datta Sanjay sold 21,674 shares of the business’s stock. A total of $520,460 was realized by selling the stock at an average price of $24.01. This leaves the insider owning 366,090 shares of the company worth $9.58 million. Insiders disposed of 279,494 shares of company stock worth roughly $7.31 million over the past 1 year. A total of 15.14% of the company’s stock is owned by insiders.
A candlestick chart of Upstart Holdings Inc (NASDAQ: UPST) showed a price of $24.21 on Tuesday morning. 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 $26.06 and a two-hundred day moving average price translates $27.80 for the stock.
The latest earnings results from Upstart Holdings Inc (NASDAQ: UPST) was released for Sep, 2023. 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.
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.
