The stock of Upstart Holdings Inc (NASDAQ:UPST) last traded at $55.48, down -7.43% from the previous session.
UPST stock price is now -17.23% away from the 50-day moving average and 14.49% away from the 200-day moving average. The market capitalization of the company currently stands at $5.20B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $12 to $70, Morgan Stanley Upgraded its rating from Underweight to Equal-Weight for Upstart Holdings Inc (NASDAQ: UPST). On February 12, 2025, JP Morgan Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock increasing its target price from $57 to quote $79, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, Cooper Kerry Whorton, Director sold 500 shares of the company’s stock on Mar 03 ’25. The stock was sold for $34,045 at an average price of $68.09. Upon completion of the transaction, the Director now directly owns 18,156 shares in the company, valued at $1.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28 ’25, Chief Legal Officer Darling Scott sold 15,507 shares of the business’s stock. A total of $1,009,767 was realized by selling the stock at an average price of $65.12. This leaves the insider owning 135,463 shares of the company worth $7.52 million. A total of 13.54% 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 $96.43. As of last week, the company has a debt-to-equity ratio of 2.43, a current ratio of 5.13, and a quick ratio of 5.13.
The net profit margin was -20.20% and return on equity was -20.27% for UPST. The company reported revenue of $218.96 million for the quarter, compared to $140.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 56.06 percent.
