During the last session, Upstart Holdings Inc (NASDAQ:UPST)’s traded shares were 1.52 million, with the beta value of the company hitting 2.06. At the end of the trading day, the stock’s price was $70.02, reflecting an intraday loss of -0.54% or -$0.38. The 52-week high for the UPST share is $86.07, that puts it down -22.92 from that peak though still a striking 70.58% gain since the share price plummeted to a 52-week low of $20.60. The company’s market capitalization is $6.39B, and the average intraday trading volume over the past 10 days was 13.04 million shares, and the average trade volume was 7.87 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 3.17. 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 -0.04.
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Upstart Holdings Inc (NASDAQ:UPST) trade information
Upstart Holdings Inc (UPST) registered a -0.54% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.54% in intraday trading to $70.02, hitting a weekly high. The stock’s 5-day price performance is 3.92%, and it has moved by 40.75% in 30 days. Based on these gigs, the overall price performance for the year is 194.46%. The short interest in Upstart Holdings Inc (NASDAQ:UPST) is 22.48 million shares and it means that shorts have 3.42 day(s) to cover.
The consensus price target of analysts on Wall Street is $37.5, which implies a decrease of -86.72% 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 -21.39% off the target high and 82.86% 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 202.35% during the last six months, with a year-to-date growth rate less than the industry average at -10.71% against 8.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 65.98% this quarter and then jump 93.38% in the quarter after that. In the rating firms’ projections, revenue will increase 16.59% 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 182.06M as predicted by 11 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 184.13M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 140.31M and 127.79M respectively. In this case, analysts expect current quarter sales to grow by 29.75% and then jump by 44.09% 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 14.49% in 2024, the next five years will return 77.68% per annum.
UPST Dividends
Upstart Holdings Inc is due to release its next quarterly earnings in December. 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 12.57% of total outstanding shares while institutional holders control 56.30%, with the float percentage being 64.39%. VANGUARD GROUP INC is the largest shareholder of the company, while 445.0 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.
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 Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.36 shares. This amounts to just over 2.59 percent of the company’s overall shares, with a $170.46 million market value. The same data shows that the other fund manager holds slightly less at 2.01, or about 2.20% of the stock, which is worth about $144.69 million.
