In yesterday’s Wall Street session, Upstart Holdings Inc (NASDAQ:UPST) shares traded at $34.29, up 5.93% from the previous session.
As of this writing, 17 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 $36.00 and a low of $6.00, we find $19.00. Given the previous closing price of $32.37, this indicates a potential downside of -41.3 percent. UPST stock price is now 31.64% away from the 50-day moving average and 22.45% away from the 200-day moving average. The market capitalization of the company currently stands at $2.92B.
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 $19.81 as their price target over the next twelve months.
In other news, Darling Scott, Chief Legal Officer sold 800 shares of the company’s stock on Nov 28. The stock was sold for $20,241 at an average price of $25.30. Upon completion of the transaction, the Chief Legal Officer now directly owns 175,527 shares in the company, valued at $6.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27, Chief Financial Officer Datta Sanjay sold 1,000 shares of the business’s stock. A total of $23,800 was realized by selling the stock at an average price of $23.80. This leaves the insider owning 365,090 shares of the company worth $12.52 million. Insiders disposed of 296,974 shares of company stock worth roughly $10.18 million over the past 1 year. A total of 15.13% of the company’s stock is owned by insiders.
Monday morning saw Upstart Holdings Inc (NASDAQ: UPST) opened at $31.51. 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 $26.05 and a two-hundred day moving average price translates $28.00 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.
