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Upstart Holdings Inc (UPST) Is Now En Route to Higher Prices

Upstart Holdings Inc (NASDAQ: UPST) is -37.00% lower on its value in year-to-date trading and has touched a low of $11.93 and a high of $72.58 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UPST stock was last observed hovering at around $26.43 in the last trading session, with the day’s loss setting it -0.69%.

Currently trading at $25.74, the stock is 0.05% and -9.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.06 million and changing -2.61% at the moment leaves the stock -23.04% off its SMA200. UPST registered 81.40% gain for a year compared to 6-month loss of -9.81%. The firm has a 50-day simple moving average (SMA 50) of $28.38 and a 200-day simple moving average (SMA200) of $33.39.

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The stock witnessed a -2.20% gain in the last 1 month and extending the period to 3 months gives it a -37.00%, and is -1.42% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.27% over the week and 5.96% over the month.

Upstart Holdings Inc (UPST) has around 1388 employees, a market worth around $2.22B and $511.25M in sales. Fwd P/E is 119.58. Profit margin for the company is -46.97%. Distance from 52-week low is 115.76% and -64.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.88%).

Upstart Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.38 with sales reaching $125.09M over the same period.The EPS is expected to shrink by -8.51% this year, but quarterly earnings will post 2.60% year-over-year. Quarterly sales are estimated to grow 14.80% in year-over-year returns.

Upstart Holdings Inc (UPST) Top Institutional Holders

424 institutions hold shares in Upstart Holdings Inc (UPST), with institutional investors hold 59.31% of the company’s shares. The shares outstanding are 86.33M, and float is at 74.04M with Short Float at 36.65%. Institutions hold 50.19% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 6.77 million shares valued at $242.38 million. The investor’s holdings represent 8.07% of the UPST Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 5.37 million shares valued at $192.47 million to account for 6.41% of the shares outstanding. The other top investors are Shaw D.E. & Co., Inc. which holds 2.58 million shares representing 3.07% and valued at over $92.3 million, while Bank of Montreal/Can/ holds 2.47% of the shares totaling 2.07 million with a market value of $74.12 million.

Upstart Holdings Inc (UPST) Insider Activity

The most recent transaction is an insider sale by Datta Sanjay,the company’sChief Financial Officer. SEC filings show that Datta Sanjay sold 1,000 shares of the company’s common stock on Mar 11 ’24 at a price of $27.50 per share for a total of $27500.0. Following the sale, the insider now owns 0.4 million shares.

Upstart Holdings Inc disclosed in a document filed with the SEC on Mar 04 ’24 that Datta Sanjay (Chief Financial Officer) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $26.21 per share for $26210.0. Following the transaction, the insider now directly holds 0.4 million shares of the UPST stock.

Still, SEC filings show that on Mar 01 ’24, Gu Paul (Chief Technology Offier) disposed off 30,000 shares at an average price of $25.66 for $0.77 million. The insider now directly holds 893,596 shares of Upstart Holdings Inc (UPST).

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