During the recent session, Upstart Holdings Inc (NASDAQ:UPST)’s traded shares were 1.55 million, with the beta value of the company hitting 1.98. At the last check today, the stock’s price was $49.00, reflecting an intraday gain of 0.65% or $0.32. The 52-week high for the UPST share is $57.40, that puts it down -17.14 from that peak though still a striking 59.51% gain since the share price plummeted to a 52-week low of $19.84. The company’s market capitalization is $4.39B, and the average intraday trading volume over the past 10 days was 5.3 million shares, and the average trade volume was 8.02 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 3.61. 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 -0.15.
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Upstart Holdings Inc (NASDAQ:UPST) trade information
Upstart Holdings Inc (UPST) registered a 0.65% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.65% in intraday trading to $49.00, hitting a weekly high. The stock’s 5-day price performance is -3.13%, and it has moved by 25.82% in 30 days. Based on these gigs, the overall price performance for the year is 99.25%. The short interest in Upstart Holdings Inc (NASDAQ:UPST) is 24.66 million shares and it means that shorts have 2.84 day(s) to cover.
The consensus price target of analysts on Wall Street is $34, which implies a decrease of -44.12% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $85 respectively. As a result, UPST is trading at a discount of -73.47% off the target high and 75.51% 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 102.88% during the last six months, with a year-to-date growth rate less than the industry average at -10.71% against 11.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -200.00% this quarter and then jump 81.80% in the quarter after that. In the rating firms’ projections, revenue will increase 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 150.22M as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 162.27M 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 11.60% and then jump by 6.20% 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 -76.37%. While earnings are projected to return -21.71% in 2024, the next five years will return 30.00% per annum.
UPST Dividends
Upstart Holdings Inc is due to release its next quarterly earnings on 2024-Nov-07. 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 12.81% of total outstanding shares while institutional holders control 45.27%, with the float percentage being 51.92%. VANGUARD GROUP INC is the largest shareholder of the company, while 377.0 institutions own stock in it. As of 2024-06-30, the company held over 7.3 million shares (or 8.3871% of all shares), a total value of $172.19 million in shares.
The next largest institutional holding, with 5.66 million shares, is of BLACKROCK INC.’s that is approximately 6.5084% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $133.62 million.
