In today’s recent session, 2.09 million shares of the Upstart Holdings Inc (NASDAQ:UPST) have been traded, and its beta is 2.34. Most recently the company’s share price was $54.65, and it changed around $2.69 or 5.18% from the last close, which brings the market valuation of the company to $5.12B. UPST at last check was trading at a discount to its 52-week high of $96.43, offering almost -76.45% off that amount. The share price’s 52-week low was $20.60, which indicates that the recent value has risen by an impressive 62.31% since then. We note from Upstart Holdings Inc’s average daily trading volume that its 10-day average is 5.21 million shares, with the 3-month average coming to 5.68 million.
Upstart Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.76. If we narrow it down even further, the data shows that 1 out of 16 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 7 recommended UPST as a Hold, whereas 4 deemed it a Buy, and 2 rated it as Underweight. Upstart Holdings Inc is expected to report earnings per share of 0.17 for the current quarter.
Upstart Holdings Inc (NASDAQ:UPST) trade information
Instantly UPST has been showing a green trend so far today with a performance of 5.18% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 54.84 on recent trading dayincreased the stock’s daily price by 0.35%. The company’s shares are currently down -11.24% year-to-date, but still up 9.21% over the last five days. On the other hand, Upstart Holdings Inc (NASDAQ:UPST) is -23.85% down in the 30-day period. We can see from the shorts that 16.72 million shares have been sold at a short interest cover period of 2.25 day(s).
The consensus price target as assigned by Wall Street analysts is $65, which translates to bulls needing to increase their stock price by 15.92% from its current value. Analyst projections state that UPST is forecast to be at a low of $45 and a high of $85.
Upstart Holdings Inc (UPST) estimates and forecasts
The year-over-year growth rate is expected to be 58.27%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 201.1M in revenue for the current quarter. 11 analysts expect Upstart Holdings Inc to make 225.41M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 127.79M and 127.63M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 57.36%. Forecasts for the next quarter put sales growth at 76.61%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -195.32%.
Upstart Holdings Inc (NASDAQ:UPST)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 12.44% of Upstart Holdings Inc shares, and 64.15% of them are in the hands of institutional investors. The stock currently has a share float of 73.27%. Upstart Holdings Inc stock is held by 509.0 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 Dec 31, 2024. The former held 2.44 shares worth $134.25 million, making up 2.61% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 2.12 shares worth around $116.35 million, which represents about 2.26% of the total shares outstanding.
