Stocks of Upstart Holdings Inc (NASDAQ:UPST) traded higher last session on Wall Street, up 2.92% to $64.50.
UPST stock price is now -6.50% away from the 50-day moving average and 56.96% away from the 200-day moving average. The market capitalization of the company currently stands at $5.88B.
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With the price target maintained at $100, Needham recently Upgraded its rating from Hold to Buy for Upstart Holdings Inc (NASDAQ: UPST). On December 03, 2024, Redburn Atlantic Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $37 to quote $95, while ‘JP Morgan’ rates the stock as ‘Underweight’
In other news, Girouard Dave, Officer bought 41,667 shares of the company’s stock on Jan 15 ’25. The stock was bought for $2,608,236 at an average price of $62.60. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Chief Executive Officer Girouard Dave sold 41,667 shares of the business’s stock. A total of $3,470,228 was realized by selling the stock at an average price of $83.28. This leaves the insider owning 57,138 shares of the company worth $3.69 million. A total of 13.51% of the company’s stock is owned by insiders.
During the past 12 months, Upstart Holdings Inc has had a low of $20.60 and a high of $88.95. As of last week, the company has a debt-to-equity ratio of 1.75, a current ratio of 4.26, and a quick ratio of 4.26. The fifty day moving average price for UPST is $68.6615 and a two-hundred day moving average price translates $40.90395 for the stock.
The latest earnings results from Upstart Holdings Inc (NASDAQ: UPST) was released for 2024-09-30. The net profit margin was -30.15% and return on equity was -27.21% for UPST. The company reported revenue of $162.14 million for the quarter, compared to $134.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.5 percent.
