Reviewing The Case For Upstart Holdings Inc (UPST) Going Higher

Currently, there are 86.33M common shares owned by the public and among those 77.22M shares have been available to trade.

The company’s stock has a 5-day price change of -1.80% and 107.67% over the past three months. UPST shares are trading 27.17% year to date (YTD), with the 12-month market performance up to 110.45% higher. It has a 12-month low price of $19.84 and touched a high of $57.40 over the same period. UPST has an average intraday trading volume of 8.00 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 14.65%, 26.15%, and 71.56% respectively.

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Institutional ownership of Upstart Holdings Inc (NASDAQ: UPST) shares accounts for 43.98% of the company’s 86.33M shares outstanding.

It has a market capitalization of $4.65B and a beta (3y monthly) value of 2.03. The earnings-per-share (ttm) stands at -$2.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.73% over the week and 7.28% over the month.

Analysts forecast that Upstart Holdings Inc (UPST) will achieve an EPS of -0.15 for the current quarter, -0.04 for the next quarter and 0.27 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.17 while analysts give the company a high EPS estimate of -0.17. Comparatively, EPS for the current quarter was -0.05 a year ago. Earnings per share for the fiscal year are expected to decrease by -24.21%, and 126.36% 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.

Looking at the support for the UPST, a number of firms have released research notes about the stock. Wedbush stated their Neutral rating for the stock in a research note on October 14, 2024, with the firm’s price target at $10-$45. Citigroup coverage for the Upstart Holdings Inc (UPST) stock in a research note released on August 07, 2024 offered a Neutral rating with a price target of $33. Mizuho was of a view on July 31, 2024 that the stock is Outperform, while BTIG Research gave the stock Sell rating on June 07, 2024, issuing a price target of $14. Redburn Atlantic on their part issued Neutral rating on June 04, 2024.

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