Upstart Holdings, Inc. (UPST)
1 Stock I Wouldn't Touch With a 10-Foot Pole
The rise of AI-powered businesses hasn't lifted this fintech. Tighter macro conditions have been a huge headwind on its performance.
Investors Heavily Search Upstart Holdings, Inc. (UPST): Here is What You Need to Know
Recently, Zacks.com users have been paying close attention to Upstart (UPST). This makes it worthwhile to examine what the stock has in store.
Upstart Stock: Buy, Sell, or Hold?
Upstart's stock has nearly dropped back to its IPO price. High interest rates are throttling its growth and crushing its margins.
This Cheap Stock Is Down 94%: Is It a No-Brainer Investment Opportunity?
This company has been intensely focused on artificial intelligence before it became a hot buzzword. Higher interest rates dealt a major blow to the strong momentum it was experiencing.
Here is What to Know Beyond Why Upstart Holdings, Inc. (UPST) is a Trending Stock
Zacks.com users have recently been watching Upstart (UPST) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Should Investors Buy Upstart Stock Right Now?
Upstart is one of the rare artificial intelligence companies that have not experienced a surging stock valuation.
Upstart: A Great Anti-Cyclical AI Lending Bet
Upstart's Q1 earnings beat expectations on both the top and bottom lines. The company's revenue base showed a solid 24% Y/Y growth in Q1. Personal loans, in both volume and transaction dollars, have seen double-digit growth. UPST's prospects are improving with the Federal Reserve's interest rate pivot, making it an attractive bet for growth investors.
1 Artificial Intelligence (AI) Stock Down 94% You Might Want to Buy Before Interest Rates Fall
Upstart stock soared 2,000% shortly after going public in 2020 as it impressed investors with a lending algorithm based on artificial intelligence. But rising interest rates have crushed demand for loans, and the stock has since lost 94% of its value.
Amalgamated Bank Sells 722 Shares of Upstart Holdings, Inc. (NASDAQ:UPST)
Amalgamated Bank reduced its holdings in shares of Upstart Holdings, Inc. (NASDAQ:UPST – Free Report) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,344 shares of the company’s stock after selling 722 shares during the quarter. Amalgamated Bank’s holdings in Upstart were worth $423,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently bought and sold shares of UPST. GAMMA Investing LLC purchased a new stake in shares of Upstart during the fourth quarter worth $25,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Upstart during the 3rd quarter valued at $51,000. Strs Ohio purchased a new stake in Upstart during the 4th quarter worth about $57,000. Harvest Fund Management Co. Ltd bought a new position in Upstart in the 4th quarter worth about $76,000. Finally, EMC Capital Management purchased a new position in Upstart during the 3rd quarter valued at about $106,000. 63.01% of the stock is owned by institutional investors. Analysts Set New Price Targets A number of equities research analysts have recently issued reports on UPST shares. Needham & Company LLC reissued a “hold” rating on shares of Upstart in a report on Wednesday, May 8th. Wedbush reissued an “underperform” rating and issued a $10.00 price target on shares of Upstart in a report on Wednesday, May 8th. Piper Sandler restated a “neutral” rating and set a $28.00 price target on shares of Upstart in a research report on Tuesday, March 19th. Mizuho lowered their price objective on Upstart from $23.00 to $17.00 and set an “underperform” rating on the stock in a research report on Thursday, May 9th. Finally, JPMorgan Chase & Co. reduced their target price on Upstart from $26.00 to $24.00 and set an “underweight” rating for the company in a research report on Wednesday, February 14th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.78. Check Out Our Latest Research Report on UPST Insider Buying and Selling In other Upstart news, CTO Paul Gu sold 80,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $29.52, for a total transaction of $2,361,600.00. Following the transaction, the chief technology officer now directly owns 893,596 shares in the company, valued at $26,378,953.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Natalia Mirgorodskaya sold 2,500 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $25.48, for a total transaction of $63,700.00. Following the completion of the sale, the insider now directly owns 29,165 shares in the company, valued at approximately $743,124.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Paul Gu sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $29.52, for a total value of $2,361,600.00. Following the transaction, the chief technology officer now owns 893,596 shares in the company, valued at $26,378,953.92. The disclosure for this sale can be found here. Insiders sold 145,419 shares of company stock worth $4,078,032 in the last quarter. 18.06% of the stock is owned by insiders. Upstart Trading Down 0.8 % UPST opened at $25.41 on Monday. The stock has a market capitalization of $2.23 billion, a P/E ratio of -12.33 and a beta of 2.01. The stock has a 50-day moving average price of $24.79 and a 200-day moving average price of $29.34. Upstart Holdings, Inc. has a 12-month low of $19.84 and a 12-month high of $72.58. Upstart Profile (Free Report) Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.
