Gains May Be On The Menu For Upstart Holdings Inc (NASDAQ: UPST)

Currently, there are 86.33M common shares owned by the public and among those 74.02M shares have been available to trade.

Insiders at the company have transacted a total of 93 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 32 of these insider trades were purchases, accounting for 516,631 shares. Insider sales of the common stock occurred on 61 occasions, with total insider shares sold totaling 240,064 shares.

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However, the script later moved the day high at 25.78, up 4.66%. The company’s stock has a 5-day price change of -3.13% and 8.05% over the past three months. UPST shares are trading -37.91% year to date (YTD), with the 12-month market performance up to 36.99% 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 10.43 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 -17.01%, -27.83%, and -24.14% respectively.

Institutional ownership of Upstart Holdings Inc (NASDAQ: UPST) shares accounts for 48.97% of the company’s 86.33M shares outstanding.

It has a market capitalization of $2.19B and a beta (3y monthly) value of 1.94. The earnings-per-share (ttm) stands at -$2.89. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.54% over the week and 7.25% over the month.

Analysts forecast that Upstart Holdings Inc (UPST) will achieve an EPS of -$0.38 for the current quarter, -$0.17 for the next quarter and $0.13 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.42 while analysts give the company a high EPS estimate of -$0.36. Comparatively, EPS for the current quarter was -$0.47 a year ago. Earnings per share for the fiscal year are expected to increase by 12.99%, and 148.48% over the next financial year. EPS should grow at an annualized rate of 30.00% over the next five years, compared to -76.37% over the past 5-year period.

B. Riley Securities coverage for the Upstart Holdings Inc (UPST) stock in a research note released on July 27, 2023 offered a Neutral rating with a price target of $49. BTIG Research was of a view on June 14, 2023 that the stock is Buy, while JP Morgan gave the stock Underweight rating on April 11, 2023, issuing a price target of $11. Compass Point on their part issued Sell rating on March 07, 2023.

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