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Tuesday, September 26, 2023

Analysts Point To Upstart Holdings Inc. (NASDAQ: UPST) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Upstart Holdings Inc. (UPST) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.14, or 0.46%, to $30.40. The Upstart Holdings Inc. has recorded 134,267 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Naveo Credit Union Selects Upstart for Personal Lending.

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Stocks Info

As a NASDAQ listed company, UPST falls under the Financial sector while operating within the Credit Services industry segment. At the end of the last regular session, the stock closed at $30.26 and fluctuated between $32.04 as its day high and $30.22 as its day low. The current market capitalization of Upstart Holdings Inc. is $2.64B. A total of 4.95 million shares were traded on the day, compared to an average of 10.32M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, UPST has seen 1 BUY and 12 SELL insider trades, representing the acquisition of 2,000 and the disposition of 50,000 shares. Over the last 12 months, there were 49 BUYs and 53 SELLs from insiders. Insiders purchased 1,227,725 shares during that period but sold 228,393.

In the most recent transaction, Datta Sanjay sold 1,000 shares of UPST for 31.09 per share on Sep 11. After the transaction, the Chief Financial Officer now owns 397,764 company shares. In a previous transaction on Sep 06, Gu Paul sold 5,000 shares at 35.02 per share. UPST shares that Chief Technology Offier owns now total 867,576.

Among the insiders who sold shares, Darling Scott disposed of 200 shares on Sep 06 at a per-share price of $35.08. This resulted in the Chief Legal Officer holding 184,588 shares of UPST after the transaction. In another insider transaction, Datta Sanjay sold 1,000 shares at $32.53 per share on Sep 05. Company shares held by the Chief Financial Officer now total 398,764.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for UPST in the last 3 months, the mean price target is $24.67 with high estimates of $64.00 and low estimates of $6.00. In terms of 52-week highs and lows, UPST has a high of $72.58 and a low of $11.93.

As of this writing, UPST has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.47 in the last quarter, which was 42.00% higher than expectations of -$0.81.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $7.68, while its Total Shareholder’s Equity was $807.08M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 2.00.

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