During the last session, Upstart Holdings Inc (NASDAQ:UPST)’s traded shares were 12.77 million, with the beta value of the company hitting 1.79. At the end of the trading day, the stock’s price was $34.21, reflecting an intraday gain of 2.73% or $0.91. The 52-week high for the UPST share is $53.60, that puts it down -56.68 from that peak though still a striking 42.01% gain since the share price plummeted to a 52-week low of $19.84. The company’s market capitalization is $3.01B, and the average intraday trading volume over the past 10 days was 10.23 million shares, and the average trade volume was 6.08 million shares over the past three months.
Upstart Holdings Inc (UPST) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.72. UPST has a Sell rating from 4 analyst(s) out of 12 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.2.
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Upstart Holdings Inc (NASDAQ:UPST) trade information
Upstart Holdings Inc (UPST) registered a 2.73% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.73% in intraday trading to $34.21, hitting a weekly high. The stock’s 5-day price performance is 34.69%, and it has moved by 37.83% in 30 days. Based on these gigs, the overall price performance for the year is -33.89%. The short interest in Upstart Holdings Inc (NASDAQ:UPST) is 24.55 million shares and it means that shorts have 5.49 day(s) to cover.
The consensus price target of analysts on Wall Street is $28, which implies a decrease of -22.18% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $85 respectively. As a result, UPST is trading at a discount of -148.47% off the target high and 70.77% off the low.
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 5.52% during the last six months, with a year-to-date growth rate less than the industry average at -69.64% against 10.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -300.00% this quarter and then jump 45.50% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 141.23M as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 155.56M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 134.56M and 152.85M respectively. In this case, analysts expect current quarter sales to grow by 5.00% and then jump by 1.80% 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 -76.37%. While earnings are projected to return -30.98% in 2024, the next five years will return 30.00% per annum.
Upstart Holdings Inc (NASDAQ:UPST)’s Major holders
Upstart Holdings Inc insiders own 13.11% of total outstanding shares while institutional holders control 45.71%, with the float percentage being 52.60%. VANGUARD GROUP INC is the largest shareholder of the company, while 371.0 institutions own stock in it. As of 2024-03-31, the company held over 7.13 million shares (or 8.5106% of all shares), a total value of $191.7 million in shares.
The next largest institutional holding, with 5.34 million shares, is of BLACKROCK INC.’s that is approximately 6.3808% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $143.73 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 iShares Russell 2000 ETF . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.25 shares. This amounts to just over 2.56 percent of the company’s overall shares, with a $77.05 million market value. The same data shows that the other fund manager holds slightly less at 1.88, or about 2.14% of the stock, which is worth about $64.24 million.
