NASDAQ:UPST

Upstart (UPST) Stock Forecast, Price & News

$29.57

-0.18 (-0.61%)

(As of 06/2/2023 ET)

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Today's Range: $28.82
▼
$31.14
50-Day Range: $12.10
▼
$29.75
52-Week Range: $11.93
▼
$51.11

Volume: 9.93 million shs
Average Volume: 7.29 million shs
Market Capitalization: $2.44 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $16.92

Upstart MarketRank™ Forecast

Analyst Rating: Reduce
1.38 Rating Score
Upside/Downside: 42.8% Downside
$16.92 Price Target
Short Interest: Bearish
35.97% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.08
Upright™ Environmental Score
News Sentiment: -0.03
Based on 8 Articles This Week
Insider Trading: Selling Shares
$2.17 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($2.54) to ($0.93) Per Share

Overall MarketRank^™

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

1.19 out of 5 stars

Computer And Technology Sector

579th out of 604 stocks

Nondepository Credit Institutions Industry

40th out of 41 stocks

0.7

Analyst's Opinion

Consensus Rating
Upstart has received a consensus rating of Sell. The company's average rating score is 1.38, and is based on 1 buy rating, 3 hold ratings, and 9 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.92, Upstart has a forecasted downside of 42.8% from its current price of $29.57.
Amount of Analyst Coverage
Upstart has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
35.97% 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 3.8, 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 9.59%, indicating that investor sentiment is decreasing significantly.

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.

2.2

News and Social Media Coverage

News Sentiment
Upstart has a news sentiment score of -0.03. 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 0.52 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Upstart this week, compared to 1 article on an average week.
Search Interest
167 people have searched for UPST on MarketBeat in the last 30 days. This is an increase of 72% compared to the previous 30 days.
MarketBeat Follows
52 people have added Upstart to their MarketBeat watchlist in the last 30 days. This is an increase of 58% compared to the previous 30 days.

1.7

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 $2,166,748.00 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
Only 37.43% of the stock of Upstart is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Upstart are expected to grow in the coming year, from ($2.54) to ($0.93) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Upstart is -8.96, 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 -8.96, 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 3.90. 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

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UPST Stock News Headlines

June 1, 2023 | americanbankingnews.com

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sanjay Datta Sells 26,072 Shares of Stock

June 1, 2023 | americanbankingnews.com

Natalia Mirgorodskaya Sells 1,514 Shares of Upstart Holdings, Inc. (NASDAQ:UPST) Stock

June 3, 2023 | Behind the Markets (Ad)

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May 31, 2023 | seekingalpha.com

Upstart: The Catalyst Needed Fell Into Place

May 28, 2023 | americanbankingnews.com

Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CEO Sells $84,910.29 in Stock

May 28, 2023 | americanbankingnews.com

Insider Selling: Upstart Holdings, Inc. (NASDAQ:UPST) CTO Sells 13,340 Shares of Stock

May 27, 2023 | americanbankingnews.com

Upstart Holdings, Inc. (NASDAQ:UPST) Insider Sells $98,698.45 in Stock

May 26, 2023 | americanbankingnews.com

Upstart (NASDAQ:UPST) Shares Gap Down to $25.98

June 3, 2023 | Behind the Markets (Ad)

"How war impacts the stock market"

May 26, 2023 | americanbankingnews.com

Compass Point Increases Upstart (NASDAQ:UPST) Price Target to $8.00

May 25, 2023 | americanbankingnews.com

Upstart (NASDAQ:UPST) Sees Unusually-High Trading Volume Following Analyst Upgrade

May 25, 2023 | americanbankingnews.com

Creek Road Miners (OTCMKTS:CRKR) & Upstart (NASDAQ:UPST) Financial Contrast

May 24, 2023 | americanbankingnews.com

Upstart (NASDAQ:UPST) Trading Up 5%

May 22, 2023 | investorplace.com

S3 Partners Says Upstart (UPST) Stock Is Primed for a Short Squeeze

May 16, 2023 | seekingalpha.com

Upstart: Strikes Back With An Explosive Surge

May 16, 2023 | americanbankingnews.com

Upstart Holdings, Inc. (NASDAQ:UPST) Receives $17.80 Average Price Target from Brokerages

May 13, 2023 | americanbankingnews.com

Upstart Holdings, Inc. (NASDAQ:UPST) CFO Sells $42,400.00 in Stock

May 13, 2023 | americanbankingnews.com

Upstart (NASDAQ:UPST) Price Target Raised to $17.00

May 13, 2023 | americanbankingnews.com

Upstart (NASDAQ:UPST) Stock Price Down 7.5% After Insider Selling

May 12, 2023 | americanbankingnews.com

Upstart (NASDAQ:UPST) Shares Gap Up Following Analyst Upgrade

May 11, 2023 | investorplace.com

Is a Giant Short Squeeze Brewing in Upstart (UPST) Stock?

May 11, 2023 | seekingalpha.com

Upstart Q1 2023 Earnings Review: An Abysmal, Yet Game-Changing Report

May 11, 2023 | seekingalpha.com

Upstart: Turning The Corner (Rating Upgrade)

May 11, 2023 | americanbankingnews.com

Upstart (NASDAQ:UPST) Given New $13.00 Price Target at Morgan Stanley

May 10, 2023 | investorplace.com

Upstart (UPST) Stock Skyrockets 32% on Funding News

May 10, 2023 | seekingalpha.com

An Update On The Upstart: Strong Buy

May 10, 2023 | americanbankingnews.com

Upstart (NASDAQ:UPST) Releases Q2 Earnings Guidance

See More Headlines

UPST Price History

30 days | 90 days | 365 days | Advanced Chart

UPST Company Calendar

Last Earnings: 11/09/2021
Today: 6/02/2023
Next Earnings (Estimated): 8/14/2023
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: $16.92
High Stock Price Forecast: $24.00
Low Stock Price Forecast: $8.00
Forecasted Upside/Downside: -42.8%
Consensus Rating: Reduce
Rating Score (0-4): 1.38
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($3.30)
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: -42.60%
Pretax Margin: -42.67%
Return on Equity: -36.76%
Return on Assets: -13.44%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.45
Quick Ratio: 0.45

Sales & Book Value

Annual Sales: $842.44 million
Price / Sales: 2.90
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $7.59 per share
Price / Book: 3.90

Miscellaneous

Outstanding Shares: 82,670,000
Free Float: 67,418,000
Market Cap: $2.44 billion
Optionable: Not Optionable
Beta: 1.41

Key Executives

Mr. David J. Girouard (Age 57)
Co-Founder, Pres, CEO & Chairperson of the Board
Comp: $455k

Mr. Paul Gu (Age 32)
Co-Founder, CTO & Director
Comp: $1M

Ms. Anna M. Counselman (Age 42)
Co-Founder & Sr. VP of Bus. Operations
Comp: $689.42k

Mr. Sanjay Datta CFA
Chief Financial Officer

Mr. Jason Schmidt
VP of Investor Relations

Ms. Annie Delgado
Chief Compliance Officer

Mr. Scott Darling
Chief Legal Officer & Corp. Sec.

Ms. Pavi Ramamurthy
Chief Information Security 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?: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Upstart in the last twelve months. There are currently 9 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" UPST shares.
View UPST analyst ratings or view top-rated stocks.
What is Upstart's stock price forecast for 2023?: 13 brokerages have issued 12 month price objectives for Upstart's shares. Their UPST share price forecasts range from $8.00 to $24.00. On average, they expect the company's stock price to reach $16.92 in the next twelve months. This suggests that the stock has a possible downside of 42.8%.
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 stock has increased by 123.7% and is now trading at $29.57.
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 Monday, August 14th 2023.
View our UPST earnings forecast.
How were Upstart's earnings last quarter?: Upstart Holdings, Inc. (NASDAQ:UPST) posted its quarterly earnings data on Tuesday, November, 9th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.21 by $0.39. The firm earned $228.45 million during the quarter, compared to analysts' expectations of $213.46 million. Upstart had a negative net margin of 42.60% and a negative trailing twelve-month return on equity of 36.76%.
What ETFs hold Upstart's stock?: ETFs with the largest weight of Upstart (NASDAQ:UPST) stock in their portfolio include AI Powered Equity ETF (AIEQ), SoFi Web 3 ETF (TWEB), Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ), SPDR FactSet Innovative Technology ETF (XITK), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), Global X FinTech Thematic ETF (FINX), WisdomTree Growth Leaders Fund (PLAT) and Global X Founder-Run Companies ETF (BOSS).
What guidance has Upstart issued on next quarter's earnings?: Upstart updated its second quarter earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of ($0.08) for the period, compared to the consensus EPS estimate of ($0.17). The company issued revenue guidance of $135 million, compared to the consensus revenue estimate of $126.24 million.

When did Upstart IPO?: (UPST) raised $252 million in an 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 acted 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 of America Corp DE (0.00%), Susquehanna International Group LLP (0.00%), SG Americas Securities LLC (0.00%), Geode Capital Management LLC (1.26%), Sandler Capital Management (0.00%) and Nomura Holdings Inc. (0.00%). 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 $29.57.
How much money does Upstart make?: Upstart (NASDAQ:UPST) has a market capitalization of $2.44 billion and generates $842.44 million in revenue each year. The company earns $-108,670,000.00 in net income (profit) each year or ($3.30) 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 6/3/2023 by MarketBeat.com Staff

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Upstart (UPST) Stock Forecast, Price & News

Upstart MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Upstart (NASDAQ:UPST) Stock

UPST Stock News Headlines

UPST Price History

UPST Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

UPST Stock - Frequently Asked Questions

Overall MarketRank^™