The price of Upstart Holdings Inc (NASDAQ:UPST) shares last traded on Wall Street rose 7.30% to $27.93.
UPST stock price is now 12.32% away from the 50-day moving average and 0.25% away from the 200-day moving average. The market capitalization of the company currently stands at $2.45B.
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With the price target enhanced from $17 to $31, Mizuho Upgraded its rating from Underperform to Outperform for Upstart Holdings Inc (NASDAQ: UPST). On June 07, 2024, BTIG Research recently initiated its ‘Sell’ rating on the stock quoting a target price of $14, while ‘Redburn Atlantic’ rates the stock as ‘Neutral’
In other news, Datta Sanjay, Officer bought 1,000 shares of the company’s stock on Jul 29 ’24. The stock was bought for $26,310 at an average price of $26.31. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 29 ’24, Chief Financial Officer Datta Sanjay sold 1,000 shares of the business’s stock. A total of $26,310 was realized by selling the stock at an average price of $26.31. This leaves the insider owning 372,398 shares of the company worth $10.4 million. A total of 14.11% of the company’s stock is owned by insiders.
During the past 12 months, Upstart Holdings Inc has had a low of $19.84 and a high of $72.58. As of last week, the company has a debt-to-equity ratio of 1.95, a current ratio of 3.79, and a quick ratio of 3.79. The fifty day moving average price for UPST is $24.916 and a two-hundred day moving average price translates $27.8618 for the stock.
The latest earnings results from Upstart Holdings Inc (NASDAQ: UPST) was released for 2024-03-31. The net profit margin was -32.73% and return on equity was -28.30% for UPST. The company reported revenue of $127.79 million for the quarter, compared to $102.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.16 percent.
