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Is Upstart Holdings Inc. (NASDAQ: UPST) Stock Poised for More Growth?

In the latest trading session, 0.91 million Upstart Holdings Inc. (NASDAQ:UPST) shares changed hands as the company’s beta touched 2.02. With the company’s most recent per share price at $29.35 changed hands at -$0.29 or -0.99% at last look, the market valuation stands at $2.50B. UPST’s current price is a discount, trading about -147.29% off its 52-week high of $72.58. The share price had its 52-week low at $11.93, which suggests the last value was 59.35% up since then. When we look at Upstart Holdings Inc.’s average trading volume, we note the 10-day average is 5.54 million shares, with the 3-month average coming to 9.93 million.

Analysts gave the Upstart Holdings Inc. (UPST) stock a consensus recommendation rating of an Underweight, calculated at a mean rating of 3.70. If we narrow down to specifics, the data shows that 9 out of 16 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended UPST as a Hold, 1 felt it is a Buy and 1 rated the stock as Underweight. Upstart Holdings Inc.’s EPS for the current quarter is expected to be -$0.02.

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Upstart Holdings Inc. (NASDAQ:UPST) trade information

Instantly UPST was in red as seen in intraday trades today. With action -2.70%, the performance over the past five days has been red. The drop to weekly highs of 32.13 on Friday, 09/15/23 subtracted -0.99% to the stock’s daily price. The company’s shares are showing year-to-date upside of 121.99%, with the 5-day performance at -2.70% in the red. However, in the 30-day time frame, Upstart Holdings Inc. (NASDAQ:UPST) is -7.66% down. Looking at the short shares, we see there were 26.14 million shares sold at short interest cover period of 2.38 days.

The consensus price target for the stock as assigned by Wall Street analysts is $24.67, meaning bulls need a downside of -18.97% from its recent market value. According to analyst projections, UPST’s forecast low is $6.00 with $64.00 as the target high. To hit the forecast high, the stock’s price needs a -118.06% plunge from its current level, while the stock would need to tank 79.56% for it to hit the projected low.

Upstart Holdings Inc. (UPST) estimates and forecasts

Data shows that the Upstart Holdings Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 92.69% over the past 6 months, a -261.90% in annual growth rate that is considerably lower than the industry average of 7.60%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Upstart Holdings Inc. will rise 91.70%, while the growth in revenue is estimated to hit 124.00% for the next quarter. Year-over-year growth is forecast to reach -37.20% down from the last financial year.

Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of $140.33 million. 9 analysts are of the opinion that Upstart Holdings Inc.’s revenue for the quarter ending Dec 2023 will be $156.51 million. The company’s revenue for the corresponding quarters a year ago was $169.42 million and $146.91 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -17.20%. The estimates for the next quarter sales put growth at 6.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -65.30%. The 2023 estimates are for Upstart Holdings Inc. earnings to decrease by -191.90%, but the outlook for the next 5-year period is at 30.00% per year.

UPST Dividends

Upstart Holdings Inc. is expected to release its next quarterly earnings report between November 06 and November 10.

Upstart Holdings Inc. (NASDAQ:UPST)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 16.06% of Upstart Holdings Inc. shares while 36.84% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 43.89%. There are 36.84% institutions holding the Upstart Holdings Inc. stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 8.07% of the shares, roughly 6.77 million UPST shares worth $198.62 million.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 6.41% or 5.37 million shares worth $157.72 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 2.17 million shares estimated at $63.76 million under it, the former controlled 2.59% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.16% of the shares, roughly 1.81 million shares worth around $53.24 million.

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