Upstart Holdings Inc (NASDAQ:UPST) has a beta value of 2.01 and has seen 8.25 million shares traded in the last trading session. The company, currently valued at $4.21B, closed the last trade at $47.02 per share which meant it gained $3.84 on the day or 8.89% during that session. The UPST stock price is -5.53% off its 52-week high price of $49.62 and 57.81% above the 52-week low of $19.84. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.78 million shares traded. The 3-month trading volume is 7.90 million shares.
The consensus among analysts is that Upstart Holdings Inc (UPST) is Hold stock at the moment, with a recommendation rating of 3.72. 4 analysts rate the stock as a Sell, while 0 rate it as Overweight. 6 out of 12 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
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Upstart Holdings Inc (NASDAQ:UPST) trade information
Sporting 8.89% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the UPST stock price touched $47.02 or saw a rise of 0.7%. Year-to-date, Upstart Holdings Inc shares have moved 15.08%, while the 5-day performance has seen it change 13.85%. Over the past 30 days, the shares of Upstart Holdings Inc (NASDAQ:UPST) have changed 30.29%. Short interest in the company has seen 25.21 million shares shorted with days to cover at 3.31.
Wall Street analysts have a consensus price target for the stock at $32, which means that the shares’ value could drop -46.94% from current levels. The projected low price target is $10.0 while the price target rests at a high of $85.0. In that case, then, we find that the current price level is -80.77% off the targeted high while a plunge would see the stock lose 78.73% from current levels.
Upstart Holdings Inc (UPST) estimates and forecasts
Figures show that Upstart Holdings Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 97.40% over the past 6 months, with this year growth rate of -10.71%, compared to 8.20% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -76.37% over the past 5 years. Earnings growth for 2024 is a modest -24.72% while over the next 5 years, the company’s earnings are expected to increase by 30.00%.
UPST Dividends
Upstart Holdings Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Upstart Holdings Inc (NASDAQ:UPST)’s Major holders
Insiders own 12.82% of the company shares, while shares held by institutions stand at 45.78% with a share float percentage of 52.51%. Investors are also buoyed by the number of investors in a company, with Upstart Holdings Inc having a total of 366.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 7.3 million shares worth more than $172.19 million. As of 2024-06-30, VANGUARD GROUP INC held 8.3871% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 5.66 million shares as of 2024-06-30. The firm’s total holdings are worth over $133.62 million and represent 6.5084% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.64% shares in the company for having 2.36 shares of worth $111.09 million while later fund manager owns 2.1 shares of worth $98.57 million as of Aug 31, 2024 , which makes it owner of about 2.34% of company’s outstanding stock.