Stocks of Upstart Holdings Inc (NASDAQ:UPST) traded higher last session on Wall Street, down -5.04% to $36.33.
UPST stock price is now 18.58% away from the 50-day moving average and 24.68% away from the 200-day moving average. The market capitalization of the company currently stands at $3.25B.
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With the price target enhanced from $15 to $33, Citigroup Upgraded its rating from Sell to Neutral for Upstart Holdings Inc (NASDAQ: UPST). On July 31, 2024, Mizuho Upgraded its previous ‘Underperform’ rating to ‘Outperform’ on the stock increasing its target price from $17 to quote $31, while ‘BTIG Research’ rates the stock as ‘Sell’
In other news, Gu Paul, Officer bought 45,000 shares of the company’s stock on Sep 03 ’24. The stock was bought for $1,838,498 at an average price of $40.86. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 29 ’24, Corporate Controller Mirgorodskaya Natalia sold 2,000 shares of the business’s stock. A total of $90,000 was realized by selling the stock at an average price of $45.00. This leaves the insider owning 22,477 shares of the company worth $0.82 million. A total of 14.03% 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 $49.62. As of last week, the company has a debt-to-equity ratio of 1.82, a current ratio of 4.29, and a quick ratio of 4.29. The fifty day moving average price for UPST is $30.6367 and a two-hundred day moving average price translates $29.139725 for the stock.
The latest earnings results from Upstart Holdings Inc (NASDAQ: UPST) was released for 2024-06-30. The net profit margin was -38.05% and return on equity was -32.73% for UPST. The company reported revenue of $127.63 million for the quarter, compared to $135.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.99 percent. For the current quarter, analysts expect UPST to generate $150.07M in revenue.
