In yesterday’s Wall Street session, Upstart Holdings Inc (NASDAQ:UPST) shares traded at $35.14, up 4.40% from the previous session.
UPST stock price is now 10.42% away from the 50-day moving average and 19.57% away from the 200-day moving average. The market capitalization of the company currently stands at $3.15B.
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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, Datta Sanjay, Chief Financial Officer sold 1,500 shares of the company’s stock on Sep 09 ’24. The stock was sold for $52,275 at an average price of $34.85. Upon completion of the transaction, the Chief Financial Officer now directly owns 344,593 shares in the company, valued at $12.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 09 ’24, Officer Datta Sanjay bought 1,500 shares of the business’s stock. A total of $52,275 was incurred on buying the stock at an average price of $34.85. A total of 14.02% 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 $32.0679 and a two-hundred day moving average price translates $29.446424 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.
