In the latest trading session, 1.38 million Upstart Holdings Inc (NASDAQ:UPST) shares changed hands as the company’s beta touched 1.98. With the company’s most recent per share price at $26.07 changing hands around $0.49 or 1.92% at last look, the market valuation stands at $2.22B. UPST’s current price is a discount, trading about -178.4% 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 54.24% up since then. When we look at Upstart Holdings Inc’s average trading volume, we note the 10-day average is 10.01 million shares, with the 3-month average coming to 5.73 million.
Analysts gave the Upstart Holdings Inc (UPST) stock a consensus recommendation rating of an Underweight, calculated at a mean rating of 3.94. If we narrow down to specifics, the data shows that 9 out of 18 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 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 -$0.14.
Upstart Holdings Inc (NASDAQ:UPST) trade information
Instantly UPST is in green as seen in intraday trades today. With action 19.37%, the performance over the past five days has been green. The jump to weekly highs of 27.28 on Friday, 11/17/23 added 1.92% to the stock’s daily price. The company’s shares are showing year-to-date upside of 97.20%, with the 5-day performance at 19.37% in the green. However, in the 30-day time frame, Upstart Holdings Inc (NASDAQ:UPST) is 5.59% up. Looking at the short shares, we see there were 30.16 million shares sold at short interest cover period of 7.55 days.
The consensus price target for the stock as assigned by Wall Street analysts is $20.19, meaning bulls need a downside of -29.12% from its recent market value. According to analyst projections, UPST’s forecast low is $6.00 with $36.00 as the target high. To hit the forecast high, the stock’s price needs a -38.09% plunge from its current level, while the stock would need to tank 76.99% 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 -5.71% over the past 6 months, a -290.48% in annual growth rate that is considerably lower than the industry average of 3.20%. 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 44.00%, while the growth in revenue is estimated to hit 100.00% for the next quarter. Year-over-year growth is forecast to reach -39.90% 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 $135.09 million. 8 analysts are of the opinion that Upstart Holdings Inc’s revenue for the quarter ending Mar 2024 will be $152.54 million. The company’s revenue for the corresponding quarters a year ago was $146.91 million and $108.96 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -8.00%. The estimates for the next quarter sales put growth at 40.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -65.64%. The 2023 estimates are for Upstart Holdings Inc earnings to decrease by -354.76%, but the outlook for the next 5-year period is at 30.00% per year.
Upstart Holdings Inc is expected to release its next quarterly earnings report between February 12 and February 16.
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 Sep 29, 2023, the company held 8.06% of the shares, roughly 6.86 million UPST shares worth $175.86 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 5.91% or 5.02 million shares worth $128.84 million as of Sep 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 $55.73 million under it, the former controlled 2.55% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.13% of the shares, roughly 1.81 million shares worth around $46.53 million.