Upstart Holdings Inc (UPST): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Upstart Expands AI-Powered Vehicle Financing Nationwide.

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Stocks Info

This NASDAQ-listed company operates within the Credit Services industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $34.31 and fluctuated between $34.83 as its day high and $32.01 as its day low. The current market capitalization of Upstart Holdings Inc is $2.92B. A total of 8.68 million shares were traded on the day, compared to an average of 10.10M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, UPST has seen 3 BUY and 8 SELL insider trades, representing the acquisition of 19,328 and the disposition of 23,328 shares. Over the last 12 months, there were 34 BUYs and 68 SELLs from insiders. Insiders purchased 523,031 shares during that period but sold 276,402.

In the most recent transaction, Datta Sanjay sold 1,000 shares of UPST for 31.70 per share on Feb 05. After the transaction, the Chief Financial Officer now owns 355,090 company shares. In a previous transaction on Jan 29, Darling Scott sold 1,298 shares at 35.38 per share. UPST shares that Chief Legal Officer owns now total 169,527.

Among the insiders who sold shares, Datta Sanjay disposed of 1,000 shares on Jan 29 at a per-share price of $32.62. This resulted in the Chief Financial Officer holding 356,090 shares of UPST after the transaction. In another insider transaction, Darling Scott sold 60 shares at $35.06 per share on Jan 25. Company shares held by the Chief Legal Officer now total 170,437.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for UPST in the last 3 months, the mean price target is $21.27 with high estimates of $42.00 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 $United Parcel Service, Inc. per share for the current quarter. EPS was calculated based on a consensus of Upstart Holdings, Inc. estimates, with a high estimate of $Tempest Therapeutics, Inc. per share and a lower estimate of $Direxion Daily Regional Banks B.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $7.54, 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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