Upstart Holdings Inc (NASDAQ: UPST) is 4.97% higher on its value in year-to-date trading and has touched a low of $19.84 and a high of $49.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UPST stock was last observed hovering at around $41.02 in the last trading session, with the day’s gains setting it 1.87%.
Currently trading at $42.89, the stock is 10.19% and 16.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.89 million and changing 4.56% at the moment leaves the stock 43.93% off its SMA200. UPST registered 55.68% gain for a year compared to 6-month gain of 63.27%. The firm has a 50-day simple moving average (SMA 50) of $36.8783 and a 200-day simple moving average (SMA200) of $29.800175.
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The stock witnessed a 21.88% loss in the last 1 month and extending the period to 3 months gives it a 72.80%, and is 13.53% up 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 6.25% over the week and 7.38% over the month.
Upstart Holdings Inc (UPST) has around 1388 employees, a market worth around $3.84B and $530.29M in sales. Fwd P/E is 222.07. Profit margin for the company is -38.05%. Distance from 52-week low is 116.18% and -13.56% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.08%).
The EPS is expected to shrink by -24.72% this year.
Upstart Holdings Inc (UPST) Top Institutional Holders
365.0 institutions hold shares in Upstart Holdings Inc (UPST), with institutional investors hold 52.41% of the company’s shares. The shares outstanding are 86.33M, and float is at 77.20M with Short Float at 30.00%. Institutions hold 45.70% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 7.3 million shares valued at $172.19 million. The investor’s holdings represent 8.3871% of the UPST Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.66 million shares valued at $133.62 million to account for 6.5084 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 3.29 million shares representing 3.7757% and valued at over $77.52 million, while STATE STREET CORP holds 2.6007 of the shares totaling 2.26 million with a market value of $53.39 million.
Upstart Holdings Inc (UPST) Insider Activity
The most recent transaction is an insider sale by Gu Paul, the company’s Chief Technology Offier. SEC filings show that Gu Paul sold 8,800 shares of the company’s common stock on Oct 04 ’24 at a price of $40.10 per share for a total of $0.35 million. Following the sale, the insider now owns 0.88 million shares.
Upstart Holdings Inc disclosed in a document filed with the SEC on Oct 04 ’24 that Darling Scott (Chief Legal Officer) sold a total of 1,300 shares of the company’s common stock. The trade occurred on Oct 04 ’24 and was made at $40.01 per share for $52012.0. Following the transaction, the insider now directly holds 0.16 million shares of the UPST stock.
Still, SEC filings show that on Oct 04 ’24, Gu Paul (Officer) Proposed Sale 8,800 shares at an average price of $40.10 for $0.35 million. The insider now directly holds shares of Upstart Holdings Inc (UPST).
