In the last trading session, 7.39 million shares of the Upstart Holdings Inc (NASDAQ:UPST) were traded, and its beta was 2.25. Most recently the company’s share price was $70.94, and it changed around $2.09 or 3.04% from the last close, which brings the market valuation of the company to $6.47B. UPST currently trades at a discount to its 52-week high of $88.95, offering almost -25.39% off that amount. The share price’s 52-week low was $20.60, which indicates that the current value has risen by an impressive 70.96% since then. We note from Upstart Holdings Inc’s average daily trading volume that its 10-day average is 3.38 million shares, with the 3-month average coming to 6.26 million.
Upstart Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.94. If we narrow it down even further, the data shows that 2 out of 16 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 6 recommended UPST as a Hold, whereas 3 deemed it a Buy, and 3 rated it as Underweight. Upstart Holdings Inc is expected to report earnings per share of -0.04 for the current quarter.
Upstart Holdings Inc (NASDAQ:UPST) trade information
Instantly UPST has showed a green trend with a performance of 3.04% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 73.80 on recent trading dayincreased the stock’s daily price by 3.88%. The company’s shares are currently up 15.22% year-to-date, but still up 12.30% over the last five days. On the other hand, Upstart Holdings Inc (NASDAQ:UPST) is 19.79% up in the 30-day period. We can see from the shorts that 19.32 million shares have been sold at a short interest cover period of 3.96 day(s).
The consensus price target as assigned by Wall Street analysts is $46.5, which translates to bulls needing to decrease their stock price by -52.56% from its current value. Analyst projections state that UPST is forecast to be at a low of $35 and a high of $85.
Upstart Holdings Inc (UPST) estimates and forecasts
The year-over-year growth rate is expected to be 16.65%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 181.92M in revenue for the current quarter. 10 analysts expect Upstart Holdings Inc to make 184.57M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 140.31M and 127.79M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 29.65%. Forecasts for the next quarter put sales growth at 44.42%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -76.37%.
UPST Dividends
Upstart Holdings Inc’s next quarterly earnings report is expected to be released in March.
Upstart Holdings Inc (NASDAQ:UPST)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 12.84% of Upstart Holdings Inc shares, and 58.19% of them are in the hands of institutional investors. The stock currently has a share float of 66.77%. Upstart Holdings Inc stock is held by 466.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.3871% of the shares, which is about 7.3 million shares worth $172.19 million.
BLACKROCK INC., with 6.5084% or 5.66 million shares worth $133.62 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 2.37 shares worth $167.89 million, making up 2.59% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 2.17 shares worth around $154.28 million, which represents about 2.38% of the total shares outstanding.
