During the last session, Upstart Holdings Inc. (NASDAQ:UPST)’s traded shares were 12.39 million. At the end of the trading day, the stock’s price was $26.65, reflecting an intraday gain of 2.58% or $0.67. The 52-week high for the UPST share is $54.69, that puts it down -105.22 from that peak though still a striking 55.23% gain since the share price plummeted to a 52-week low of $11.93. The company’s market capitalization is $2.35B, and the average intraday trading volume over the past 10 days was 14.35 million shares, and the average trade volume was 6.57 million shares over the past three months.
Upstart Holdings Inc. (NASDAQ:UPST) trade information
Upstart Holdings Inc. (UPST) registered a 2.58% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.58% in intraday trading to $26.65 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is 24.59%, and it has moved by 83.67% in 30 days. Based on these gigs, the overall price performance for the year is -36.47%. The short interest in Upstart Holdings Inc. (NASDAQ:UPST) is 22.63 million shares and it means that shorts have 6.02 day(s) to cover.
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Upstart Holdings Inc. (UPST) estimates and forecasts
Statistics show that Upstart Holdings Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Upstart Holdings Inc. (UPST) shares have gone up 43.59% during the last six months, with a year-to-date growth rate less than the industry average at -319.05% against 9.10. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -800.00% this quarter and then jump 125.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -35.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $134.12 million as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to $152.19 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $228.16 million and $169.42 million respectively. In this case, analysts expect current quarter sales to shrink by -41.20% and then drop by -10.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -65.30%. While earnings are projected to return -191.90% in 2023, the next five years will return 30.00% per annum.
UPST Dividends
Upstart Holdings Inc. is due to release its next quarterly earnings between August 07 and August 11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Upstart Holdings Inc. (NASDAQ:UPST)’s Major holders
Upstart Holdings Inc. insiders own 16.05% of total outstanding shares while institutional holders control 37.58%, with the float percentage being 44.77%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 379 institutions own stock in it. As of Mar 30, 2023, the company held over 6.42 million shares (or 7.76% of all shares), a total value of $170.97 million in shares.
The next largest institutional holding, with 3.23 million shares, is of Blackrock Inc.’s that is approximately 3.91% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $86.04 million.
Also, the Mutual Funds coming in first place with the largest holdings of Upstart Holdings Inc. (UPST) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 2.13 million shares. This amounts to just over 2.61 percent of the company’s overall shares, with a $56.7 million market value. The same data shows that the other fund manager holds slightly less at 1.79 million, or about 2.20% of the stock, which is worth about $47.79 million.