Stocks of Upstart Holdings Inc (NASDAQ:UPST) traded higher last session on Wall Street, up 5.14% to $72.03.
UPST stock price is now 8.62% away from the 50-day moving average and 85.82% away from the 200-day moving average. The market capitalization of the company currently stands at $6.57B.
With the price target maintained at $100, Needham recently Upgraded its rating from Hold to Buy for Upstart Holdings Inc (NASDAQ: UPST). On December 03, 2024, Redburn Atlantic Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $37 to quote $95, while ‘JP Morgan’ rates the stock as ‘Underweight’
In other news, Girouard Dave, Chief Executive Officer sold 41,667 shares of the company’s stock on Dec 16 ’24. The stock was sold for $3,470,228 at an average price of $83.28. Upon completion of the transaction, the Chief Executive Officer now directly owns 57,138 shares in the company, valued at $4.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Officer Girouard Dave bought 41,667 shares of the business’s stock. A total of $3,470,228 was incurred on buying the stock at an average price of $83.28. A total of 13.40% of the company’s stock is owned by insiders.
During the past 12 months, Upstart Holdings Inc has had a low of $20.60 and a high of $88.95. As of last week, the company has a debt-to-equity ratio of 1.75, a current ratio of 4.26, and a quick ratio of 4.26. The fifty day moving average price for UPST is $65.9285 and a two-hundred day moving average price translates $38.5292 for the stock.
The latest earnings results from Upstart Holdings Inc (NASDAQ: UPST) was released for 2024-09-30. The net profit margin was -30.15% and return on equity was -27.21% for UPST. The company reported revenue of $162.14 million for the quarter, compared to $134.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.5 percent.
