In yesterday’s Wall Street session, Upstart Holdings Inc (NASDAQ:UPST) shares traded at $53.13, up 2.07% from the previous session.
UPST stock price is now 31.16% away from the 50-day moving average and 76.51% away from the 200-day moving average. The market capitalization of the company currently stands at $4.76B.
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With the price target enhanced from $10 to $45, Wedbush Upgraded its rating from Underperform to Neutral for Upstart Holdings Inc (NASDAQ: UPST). On August 07, 2024, Citigroup Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock increasing its target price from $15 to quote $33, while ‘Mizuho’ rates the stock as ‘Outperform’
In other news, Datta Sanjay, Chief Financial Officer sold 1,500 shares of the company’s stock on Oct 14 ’24. The stock was sold for $73,020 at an average price of $48.68. Upon completion of the transaction, the Chief Financial Officer now directly owns 337,093 shares in the company, valued at $17.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 14 ’24, Chief Technology Offier Gu Paul sold 20,000 shares of the business’s stock. A total of $1,005,134 was realized by selling the stock at an average price of $50.26. This leaves the insider owning 878,565 shares of the company worth $46.68 million. A total of 13.75% 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 $57.40. 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 $40.5074 and a two-hundred day moving average price translates $30.099825 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.
