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Upstart (UPST) Stock Price, News & Analysis

$24.98
+0.66 (+2.71%)
(As of 06/12/2024 ET)
Today's Range
$24.66
$27.22
50-Day Range
$21.87
$28.59
52-Week Range
$19.84
$72.58
Volume
11.13 million shs
Average Volume
6.30 million shs
Market Capitalization
$2.20 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$21.65

Upstart MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
13.3% Downside
$21.65 Price Target
Short Interest
Bearish
34.12% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.08
Upright™ Environmental Score
News Sentiment
0.19mentions of Upstart in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$5.46 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.67) to ($1.44) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.27 out of 5 stars

Computer And Technology Sector

381st out of 587 stocks

Nondepository Credit Institutions Industry

26th out of 50 stocks

UPST stock logo

About Upstart Stock (NASDAQ:UPST)

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 Stock Price History

UPST Stock News Headlines

Upstart Sees Unusually High Options Volume (NASDAQ:UPST)
Upstart Stock: Buy, Sell, or Hold?
Upstart: A Great Anti-Cyclical AI Lending Bet
3 AI Stocks Primed for Profit Post-Pullback
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
6/12/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:UPST
Fax
N/A
Employees
1,388
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$21.65
High Stock Price Target
$36.00
Low Stock Price Target
$9.00
Potential Upside/Downside
-13.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
12 Analysts

Profitability

Net Income
$-240,130,000.00
Pretax Margin
-32.57%

Debt

Sales & Book Value

Annual Sales
$513.56 million
Book Value
$7.47 per share

Miscellaneous

Free Float
72,007,000
Market Cap
$2.20 billion
Optionable
Optionable
Beta
2.01
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UPST Stock Analysis - Frequently Asked Questions

Should I buy or sell Upstart stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Upstart in the last year. There are currently 6 sell ratings and 6 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" UPST shares.
View UPST analyst ratings
or view top-rated stocks.

What is Upstart's stock price target for 2024?

12 brokerages have issued 1 year price targets for Upstart's shares. Their UPST share price targets range from $9.00 to $36.00. On average, they predict the company's share price to reach $21.65 in the next twelve months. This suggests that the stock has a possible downside of 13.3%.
View analysts price targets for UPST
or view top-rated stocks among Wall Street analysts.

How have UPST shares performed in 2024?

Upstart's stock was trading at $40.86 at the start of the year. Since then, UPST shares have decreased by 38.9% and is now trading at $24.98.
View the best growth stocks for 2024 here
.

When is Upstart's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our UPST earnings forecast
.

How were Upstart's earnings last quarter?

Upstart Holdings, Inc. (NASDAQ:UPST) announced its quarterly earnings data on Tuesday, May, 7th. The company reported ($0.74) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.80) by $0.06. The company had revenue of $127.79 million for the quarter, compared to analyst estimates of $124.82 million. Upstart had a negative net margin of 32.59% and a negative trailing twelve-month return on equity of 27.89%.

What guidance has Upstart issued on next quarter's earnings?

Upstart issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $125.0 million-$125.0 million, compared to the consensus revenue estimate of $140.8 million.

When did Upstart IPO?

Upstart (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 served as the underwriters for the IPO and Jefferies, Barclays, JMP Securities and Blaylock Van were co-managers.

Who are Upstart's major shareholders?

Upstart's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.12%), Mirae Asset Global Investments Co. Ltd. (0.92%), Simplex Trading LLC (0.00%), Jane Street Group LLC (0.00%), Walleye Trading LLC (0.00%) and Whitebox Advisors LLC (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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:UPST) was last updated on 6/13/2024 by MarketBeat.com Staff

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