NASDAQ:UPST

Upstart (UPST) Stock Forecast, Price & News

$27.59

+0.66 (+2.45%)

(As of 09/28/2023 ET)

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Today's Range: $26.20
▼
$28.06
50-Day Range: $26.55
▼
$72.09
52-Week Range: $11.93
▼
$72.58

Volume: 5.51 million shs
Average Volume: 8.28 million shs
Market Capitalization: $2.31 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $25.92

Upstart MarketRank™ Forecast

Analyst Rating: Reduce
1.73 Rating Score
Upside/Downside: 6.1% Downside
$25.92 Price Target
Short Interest: Bearish
37.72% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.08
Upright™ Environmental Score
News Sentiment: 0.26
Based on 6 Articles This Week
Insider Trading: Selling Shares
$2.73 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($2.41) to ($1.00) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.59 out of 5 stars

Computer And Technology Sector

545th out of 601 stocks

Nondepository Credit Institutions Industry

38th out of 45 stocks

1.9

Analyst's Opinion

Consensus Rating
Upstart has received a consensus rating of Reduce. The company's average rating score is 1.73, and is based on 2 buy ratings, 4 hold ratings, and 5 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $25.92, Upstart has a forecasted downside of 6.1% from its current price of $27.59.
Amount of Analyst Coverage
Upstart has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
37.72% of the float of Upstart has been sold short.
Short Interest Ratio / Days to Cover
Upstart has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Upstart has recently increased by 2.64%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Upstart does not currently pay a dividend.
Dividend Growth
Upstart does not have a long track record of dividend growth.

2.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Upstart has received a 20.01% net impact score from Upright. Upstart seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is driven by its "Loan servicing software for consumer credit granting" product. See details.
Environmental Sustainability
The Environmental Impact score for Upstart is -1.08.

1.8

News and Social Media Coverage

News Sentiment
Upstart has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Upstart this week, compared to 1 article on an average week.
Search Interest
Only 90 people have searched for UPST on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.
MarketBeat Follows
Only 31 people have added Upstart to their MarketBeat watchlist in the last 30 days. This is a decrease of -39% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Upstart insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,727,811.00 in company stock.
Percentage Held by Insiders
18.45% of the stock of Upstart is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
42.50% of the stock of Upstart is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Upstart are expected to grow in the coming year, from ($2.41) to ($1.00) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Upstart is -8.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Upstart is -8.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Upstart has a P/B Ratio of 3.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Upstart (NASDAQ:UPST) Stock

Upstart Holdings, Inc., is a leading fintech operating in the United States as a lending platform. Together, with its subsidiaries, Upstart Holdings operates a cloud-based artificial intelligence (AI) lending platform in the United States. The company was founded in 2012 and is headquartered in San Mateo, California. By mid-2022 the company had originated more than $28.6 billion in loans with more than 75% of them fully automated.

The company’s mission is to enable effortless credit based on the true risk of the individual. The business is built on the belief that access to credit is fundamental to unlocking opportunities and upward mobility. With 80% of Americans having never defaulted on a loan, the 48% approval rate is far too low. Upstart’s own testing shows its system produces 75% fewer defaults at the same approval rate and approves upwards of 170% more loans with the same default rate as compared to the US largest lenders.

The platform works by aggregating consumer demand for loans and connecting them with its network of AI-enabled bank partners. The company facilitates loans for home improvement, automobile refinancing, personal use, and others. The AI-powered underwriting system goes beyond the FICO score to assess the true risk of the borrower. The AI-powered system actually learns over time as well, making the system faster and safer for both the borrower and the lender.

Lenders can enhance their businesses by partnering with Upstart Holdings. The all-digital AI-enabled lending platform will increase loan requests, and approvals, and increase customer satisfaction at the same time. Automobile retailers can also benefit from the program by offering Upstart-powered financing solutions at the point of sale or within their omnichannel experience.

Upstart has worked diligently with regulators since its founding to ensure it remains compliant with regulations and safe for consumers. In 2017 it became the first to receive a No Action Letter from the Consumer Financial Protection Bureau. The purpose of the No Action Letter is to prevent unnecessary legal actions from impeding a business that offers benefits to consumers.

Upstart Holdings was founded by Dave Girouard, Paul Gu, and Anna M. Counselman. The three have extensive backgrounds in AI, the internet, and finance and serve as the company’s CEO, chief technology officer, and operations chief

UPST Price History

30 days | 90 days | 365 days | Advanced Chart

UPST Stock News Headlines

September 26, 2023 | americanbankingnews.com

Upstart (NASDAQ:UPST) Receives New Coverage from Analysts at Needham & Company LLC

September 23, 2023 | americanbankingnews.com

B. Riley Lowers Upstart (NASDAQ:UPST) Price Target to $36.00

September 28, 2023 | Micro-Cap Stock Trader (Ad)

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Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

September 22, 2023 | americanbankingnews.com

Upstart (NASDAQ:UPST) Shares Gap Down on Insider Selling

September 19, 2023 | seekingalpha.com

Upstart: Not Just A Meme Stock, The Stars Are Beginning To Align

September 14, 2023 | investorplace.com

All Eyes on AI: Why Upstart Might Be Your Next Smart Stock Pick

September 14, 2023 | seekingalpha.com

Upstart: This Is A Great Time To Load Up The Truck

September 11, 2023 | seekingalpha.com

Upstart Holdings: Slumped Sales, Rising Leverage, And Downward Price Trend

September 28, 2023 | Micro-Cap Stock Trader (Ad)

Unlock the treasure on Mount Olympus with this little-known mining stock.

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

August 28, 2023 | seekingalpha.com

Upstart: A Perfectly Creditable Outlook Perfectly Misunderstood By Market

August 26, 2023 | seekingalpha.com

Upstart: Still Trading At A Premium, Despite The Recent Correction

August 21, 2023 | seekingalpha.com

Upstart Holdings: Price Plunge Creates Massive Opportunity (Technical Analysis)

August 15, 2023 | seekingalpha.com

Upstart Has A Lot To Prove

August 10, 2023 | seekingalpha.com

Upstart: I'm Going To Buy The Plunge Hand Over Fist (Rating Upgrade)

August 10, 2023 | seekingalpha.com

Upstart Q2: Significant Shift In Risk/Reward Warrants Caution (Rating Downgrade)

August 9, 2023 | seekingalpha.com

Upstart: Price Matters

August 9, 2023 | investorplace.com

UPST Stock Spotlight: Is Upstart a Meme Trend or AI Powerhouse?

August 9, 2023 | seekingalpha.com

Upstart Q2 Earnings: Unraveling The Bear Thesis And The Catch-22

August 8, 2023 | seekingalpha.com

Upstart Holdings, Inc. 2023 Q2 - Results - Earnings Call Presentation

July 25, 2023 | investorplace.com

UPST Stock Alert: Can Upstart Really Hit $72?

July 14, 2023 | seekingalpha.com

Upstart's Long-Term Opportunity Is Worth The Volatility

July 12, 2023 | seekingalpha.com

Upstart: Lacking Sufficient Margin Of Safety For Entry

July 4, 2023 | seekingalpha.com

Upstart: Exactly What Bulls Have Been Waiting For - What's Next

July 3, 2023 | seekingalpha.com

Bulls Make Money, Bears Make Money, Upstart Still Doesn't

July 3, 2023 | seekingalpha.com

Upstart: Setback To Comeback, Rise Above The Noise

June 16, 2023 | seekingalpha.com

Upstart: A Premium Built On Inconsistencies And Half Truths

June 2, 2023 | seekingalpha.com

Is Upstart Stock A Buy Or Sell Now?

See More Headlines

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UPST Company Calendar

Last Earnings: 8/08/2023
Today: 9/28/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Nondepository credit institutions
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:UPST
CUSIP: N/A
CIK: 1647639
Web: www.upstart.com
Phone: 650-204-1000
Fax: N/A
Employees: 1,875
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $25.92
High Stock Price Forecast: $64.00
Low Stock Price Forecast: $9.00
Forecasted Upside/Downside: -6.4%
Consensus Rating: Reduce
Rating Score (0-4): 1.73
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($3.28)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-108,670,000.00
Net Margins: -49.54%
Pretax Margin: -49.61%
Return on Equity: -38.15%
Return on Assets: -13.63%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.54
Quick Ratio: 0.54

Sales & Book Value

Annual Sales: $842.44 million
Price / Sales: 2.76
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $8.21 per share
Price / Book: 3.37

Miscellaneous

Outstanding Shares: 83,890,000
Free Float: 68,411,000
Market Cap: $2.32 billion
Optionable: Not Optionable
Beta: 1.99

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Key Executives

Mr. David J. Girouard (Age 57)
Co-Founder, Pres, CEO & Chairperson of the Board
Comp: $460k

Mr. Paul Gu (Age 32)
Co-Founder, CTO & Director
Comp: $85.33k

Ms. Anna M. Counselman (Age 42)
Co-Founder & Sr. VP of Bus. Operations
Comp: $414k

Mr. Sanjay Datta CFA
Chief Financial Officer

Mr. Scott Darling Esq. (Age 51)
Chief Legal Officer & Corp. Sec.
Comp: $44.98k

Mr. Jason Schmidt
VP of Investor Relations

Ms. Annie Delgado
Chief Compliance Officer

Natalia Mirgorodskaya
Corp. Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

UPST Stock - Frequently Asked Questions

Should I buy or sell Upstart stock right now?: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Upstart in the last year. There are currently 5 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" UPST shares.
View UPST analyst ratings or view top-rated stocks.
What is Upstart's stock price forecast for 2023?: 11 Wall Street analysts have issued twelve-month price objectives for Upstart's shares. Their UPST share price forecasts range from $9.00 to $64.00. On average, they predict the company's stock price to reach $25.92 in the next year. This suggests that the stock has a possible downside of 6.4%.
View analysts price targets for UPST or view top-rated stocks among Wall Street analysts.
How have UPST shares performed in 2023?: Upstart's stock was trading at $13.22 at the beginning of 2023. Since then, UPST shares have increased by 109.5% and is now trading at $27.69.
View the best growth stocks for 2023 here.
When is Upstart's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our UPST earnings forecast.
How were Upstart's earnings last quarter?: Upstart Holdings, Inc. (NASDAQ:UPST) announced its quarterly earnings results on Tuesday, August, 8th. The company reported ($0.34) earnings per share for the quarter, topping analysts' consensus estimates of ($0.49) by $0.15. The business had revenue of $135.77 million for the quarter, compared to analyst estimates of $133.91 million. Upstart had a negative net margin of 49.54% and a negative trailing twelve-month return on equity of 38.15%.
What ETFs hold Upstart's stock?: ETFs with the largest weight of Upstart (NASDAQ:UPST) stock in their portfolio include Roundhill MEME ETF (MEME), Invesco Dorsey Wright Financial Momentum ETF (PFI), Mohr Growth ETF (MOHR), SoFi Web 3 ETF (TWEB), Direxion Moonshot Innovators ETF (MOON), SPDR FactSet Innovative Technology ETF (XITK), Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ) and WisdomTree Growth Leaders Fund (PLAT).
What guidance has Upstart issued on next quarter's earnings?: Upstart updated its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $140.00 million-$140.00 million, compared to the consensus revenue estimate of $155.43 million.

When did Upstart IPO?: (UPST) raised $252 million in an initial public offering (IPO) on Wednesday, December 16th 2020. The company issued 12,000,000 shares at $20.00-$22.00 per share. Goldman Sachs, BofA Securities and Citigroup served as the underwriters for the IPO and Jefferies, Barclays, JMP Securities and Blaylock Van were co-managers.
What is Upstart's stock symbol?: Upstart trades on the NASDAQ under the ticker symbol "UPST."
Who are Upstart's major shareholders?: Upstart's stock is owned by a number of institutional and retail investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (61.62%), Geode Capital Management LLC (1.74%), Goldman Sachs Group Inc. (0.00%), Citadel Advisors LLC (0.00%), Mirae Asset Global Investments Co. Ltd. (1.23%) and Northern Trust Corp (0.86%). Insiders that own company stock include Alison Nicoll, Anna M Counselman, Cassidy Sukhinder Singh, Daniel S Loeb, Dave Girouard, Hilliard C Terry III, Kerry Whorton Cooper, Mary Hentges, Natalia Mirgorodskaya, Paul Gu, Sanjay Datta and Scott Darling.
View institutional ownership trends.
How do I buy shares of Upstart?: Shares of UPST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Upstart's stock price today?: One share of UPST stock can currently be purchased for approximately $27.69.
How much money does Upstart make?: Upstart (NASDAQ:UPST) has a market capitalization of $2.32 billion and generates $842.44 million in revenue each year. The company earns $-108,670,000.00 in net income (profit) each year or ($3.28) on an earnings per share basis.
How many employees does Upstart have?: The company employs 1,875 workers across the globe.
How can I contact Upstart?: The official website for the company is www.upstart.com. The company can be reached via phone at 650-204-1000 or via email at ir@upstart.com.

This page (NASDAQ:UPST) was last updated on 9/28/2023 by MarketBeat.com Staff

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