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Tuesday, March 21, 2023

The Question Is Whether To Buy Or Not To Buy Upstart Holdings Inc. (NASDAQ: UPST)

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Upstart Holdings Inc. (UPST) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.22, or -1.36%, to $16.00. The Upstart Holdings Inc. has recorded 45,424 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Acura Names Upstart Auto Retail a Preferred Digital Retail Provider.

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Stocks Info

Upstart Holdings Inc. is listed on the NASDAQ in the Financial sector while operating in the Credit Services industry. At the end of the last regular session, the stock closed at $16.22 and fluctuated between $17.56 as its day high and $16.20 as its day low. The current market capitalization of Upstart Holdings Inc. is $1.24B. A total of 5.29 million shares were traded on the day, compared to an average of 6.19M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, UPST has seen 19 BUY and 14 SELL insider trades, representing the acquisition of 330,056 and the disposition of 57,838 shares. Over the last 12 months, there were 57 BUYs and 134 SELLs from insiders. Insiders purchased 1,149,488 shares during that period but sold 373,751.

In the most recent transaction, Datta Sanjay sold 3,200 shares of UPST for 19.17 per share on Mar 06. After the transaction, the Chief Financial Officer now owns 280,670 company shares. In a previous transaction on Feb 27, Datta Sanjay sold 3,200 shares at 18.23 per share. UPST shares that Chief Financial Officer owns now total 280,670.

Among the insiders who sold shares, Mirgorodskaya Natalia disposed of 1,262 shares on Feb 27 at a per-share price of $18.23. This resulted in the Corporate Controller holding 39,928 shares of UPST after the transaction. In another insider transaction, Datta Sanjay sold 13,872 shares at $18.05 per share on Feb 21. Company shares held by the Chief Financial Officer now total 280,670.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for UPST in the last 3 months, the mean price target is $12.61 with high estimates of $24.00 and low estimates of $6.00. In terms of 52-week highs and lows, UPST has a high of $133.80 and a low of $12.01.

As of this writing, UPST has an earnings estimate of -$0.47 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of -$0.4 per share and a lower estimate of -$0.6. The company reported an EPS of $0.01 in the last quarter, which was -90.00% lower than expectations of $0.1.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for UPST is Underweight with a score of 2.29. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 3 thought the stock was Underweight and 7 thought it should be Sold.

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