In the latest trading session, 0.73 million Upstart Holdings Inc (NASDAQ:UPST) shares changed hands as the company’s beta touched 2.22. With the company’s most recent per share price at $69.12 changing hands around $1.12 or 1.65% at last look, the market valuation stands at $6.31B. UPST’s current price is a discount, trading about -28.69% off its 52-week high of $88.95. The share price had its 52-week low at $20.60, which suggests the last value was 70.2% up since then. When we look at Upstart Holdings Inc’s average trading volume, we note the 10-day average is 6.95 million shares, with the 3-month average coming to 7.63 million.
Analysts gave the Upstart Holdings Inc (UPST) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.06. If we narrow down to specifics, the data shows that 4 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended UPST as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Upstart Holdings Inc’s EPS for the current quarter is expected to be -0.04.
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Upstart Holdings Inc (NASDAQ:UPST) trade information
Instantly UPST is in green as seen in intraday trades today. With action -16.71%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 69.16%, with the 5-day performance at -16.71% in the red. However, in the 30-day time frame, Upstart Holdings Inc (NASDAQ:UPST) is -6.67% down. Looking at the short shares, we see there were 21.57 million shares sold at short interest cover period of 2.47 days.
The consensus price target for the stock as assigned by Wall Street analysts is 45, meaning bulls need a downside of -53.6% from its recent market value. According to analyst projections, UPST’s forecast low is 33 with 85 as the target high. To hit the forecast high, the stock’s price needs a -22.97% plunge from its current level, while the stock would need to tank 52.26% 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 200.52% over the past 6 months, a -10.71% in annual growth rate that is considerably lower than the industry average of 7.80%. Year-over-year growth is forecast to reach 16.66% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 182.08M. 10 analysts are of the opinion that Upstart Holdings Inc’s revenue for the current quarter will be 184.24M. The company’s revenue for the corresponding quarters a year ago was 140.31M and 127.79M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 29.77%. The estimates for the next quarter sales put growth at 44.17%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -76.37%. The 2024 estimates are for Upstart Holdings Inc earnings to increase by 15.28%, but the outlook for the next 5-year period is at 30.00% per year.
UPST Dividends
Upstart Holdings Inc is expected to release its next quarterly earnings report in January.
Upstart Holdings Inc (NASDAQ:UPST)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 12.52% of Upstart Holdings Inc shares while 56.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.60%. There are 56.51% institutions holding the Upstart Holdings Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.3871% of the shares, roughly 7.3 million UPST shares worth $172.19 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.5084% or 5.66 million shares worth $133.62 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 2.37 shares estimated at $162.58 million under it, the former controlled 2.59% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.17% of the shares, roughly 1.98 shares worth around $136.27 million.
