With over 5.41 million Upstart Holdings Inc (UPST) shares trading Monday and a closing price of $25.99 on the day, the dollar volume was approximately $140.51 million. The shares have shown a negative half year performance of -6.00% and its price on 11/20/23 gained nearly 1.60%. Currently, there are 81.26M common shares owned by the public and among those 72.11M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 18 analysts who have offered their price forecasts for UPST have a consensus price objective of $20.19. The analysts have set the share’s price value over the next 12 months at a high of $36.00 and a low of $6.00. The average price target is -28.73% below its recent price level and a downside to the estimated low will see the stock lose -333.17% over that period. But an upside of 27.81% will see the stock hit the forecast high price target while median target price for the stock is $19.50.
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Insiders at the company have transacted a total of 119 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 53 of these insider trades were purchases, accounting for 1,268,625 shares. Insider sales of the common stock occurred on 66 occasions, with total insider shares sold totaling 279,087 shares.
Shares of Upstart Holdings Inc (NASDAQ: UPST) opened at $25.762, up $0.18 from a prior closing price of $25.58. However, the script later moved the day high at 26.36, up 1.60%. The company’s stock has a 5-day price change of 19.00% and -20.20% over the past three months. UPST shares are trading 96.60% year to date (YTD), with the 12-month market performance up to 33.56% higher. It has a 12-month low price of $11.93 and touched a high of $72.58 over the same period. UPST has an average intraday trading volume of 5.73 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.43%, -2.52%, and -6.13% respectively.
Institutional ownership of Upstart Holdings Inc (NASDAQ: UPST) shares accounts for 46.94% of the company’s 81.26M shares outstanding.
It has a market capitalization of $2.21B and a beta (3y monthly) value of 1.98. The earnings-per-share (ttm) stands at -$3.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.66% over the week and 7.53% over the month.
Analysts forecast that Upstart Holdings Inc (UPST) will achieve an EPS of -$0.14 for the current quarter, $0 for the next quarter and $0.11 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.17 while analysts give the company a high EPS estimate of -$0.08. Comparatively, EPS for the current quarter was -$0.25 a year ago. Earnings per share for the fiscal year are expected to decrease by -354.76%, and 144.16% over the next financial year. EPS should grow at an annualized rate of 30.00% over the next five years, compared to -65.64% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 18 brokerage firm advisors rate Upstart Holdings Inc (UPST) as a “Hold” at a consensus score of 3.94. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 7 of the 18 advise that investors “hold,” and 9 rated it as a “Sell.”
