Upstart Holdings (NASDAQ: UPST) stock dropped 14% in late Friday trading after the company's CEO, Dave Girouard, sold about 133K shares of the stock, according to a Form 4 filed late Thursday. The insider sale likely accounts for the large decline. Meanwhile, other financial and lending technology stocks were pressured as investors shed risk.
Full Answer
Is upstart stock headed to $170?
23 hours ago · Upstart Holdings, Inc. Market Cap $7B Today's Change (-8.99%) -$7.87 Current Price $79.63 Price as of April 20, 2022, 8:00 p.m. ET There is …
Is upstart the most disruptive stock on the market?
Oct 26, 2021 · Shares of artificial intelligence -powered fintech provider Upstart ( UPST -4.33% ) got shook up on Tuesday, down 10% as of 3 p.m. EDT after investment bank Jefferies revoked its buy rating on the ...
Does Jefferies hate upstart stock?
Apr 12, 2022 · Upstart Stock Is the AI-Powered Fintech Investment You Can’t Ignore investorplace.com - February 16 at 9:19 AM: Why Upcoming Earnings Are Important for Upstart Stock investorplace.com - February 10 at 5:02 PM: Upstart Stock Is Poised for Growth as More Small Banks Sign On investorplace.com - February 8 at 9:00 AM: Why Hyper-Growth in AI Will ...
Is there any room for upside in upstart's stock?
Jan 27, 2022 · Why Shares of Upstart Are Down Today. ... Atlantic analyst Simon Clinch in a research note today maintained his overweight rating on Upstart stock but lowered his price target to $170 per share, ...
Will upstart stock go up?
Upstart might not be a future technology giant, but that doesn't mean it will be a bad investment. If the company continues increasing its loan volume and eventually moves into mortgages, Upstart's stock will likely be much higher in 2030 than today.Feb 26, 2022
Is upstart worth buying?
Investment Thesis Upstart is a $7.9B company focused on artificial intelligence software for loan approval. Unlike many high-flying software companies, Upstart is currently GAAP profitable. With explosive revenue growth and the potential to have very high margins at scale, Upstart is worth buying at current prices.Jan 30, 2022
Is Upstart Holdings overvalued?
Is Upstart Holdings overvalued? According to Wall Street analysts Upstart Holdings's price is currently Undervalued.
Is upstart undervalued?
($UPST) is still undervalued (Strong Buy)
Is Upstart holding profitable?
But more importantly, Upstart is profitable, and that's rare for a relatively young tech company. With $2.35 in estimated earnings per share for 2022, Upstart's stock trades at a forward price-to-earnings multiple of 36.Jan 24, 2022
Is Upstart making money?
Summary. Upstart is a business that provides an AI, model driven approach to lending for its banking partners using alternatives to FICO. The business is profitable, rapidly growing and has a foothold in 2 massive lending markets of personal lending and auto lending.Nov 29, 2021
Why is Upstart stock going up?
Shares of Upstart Holdings were rising more than 30% Wednesday after the artificial-intelligence lending company reported fourth-quarter results that smashed Wall Street estimates and it issued an outlook ahead of consensus expectations.Feb 16, 2022
What bank owns Upstart?
Upstart raised a Series C round of $35M from Third Point Capital in June 2015, and $32.5M from Rakuten in 2017. Upstart raised a Series D round of $50M from The Progressive Corporation in 2019....Upstart (company)TypePublic companyNumber of employees1,497 (December 2021)Websiteupstart.com12 more rows
Should I sell UPST?
Out of 12 analysts, 6 (50%) are recommending UPST as a Strong Buy, 2 (16.67%) are recommending UPST as a Buy, 3 (25%) are recommending UPST as a Hold, 1 (8.33%) are recommending UPST as a Sell, and 0 (0%) are recommending UPST as a Strong Sell. What is UPST's earnings growth forecast for 2022-2024?
Is Upstart a short squeeze?
A short squeeze for Upstart occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of UPST, which in turn drives the price of the stock up even further.
Why is Upstart repurchasing?
Upstart CFO Sanjay Datta attributed the decision to repurchase shares to recent volatility in the stock. Since going public, Upstart stock has been on a roller coaster of a ride. It traded at roughly $44 per share on its first day as a public company and then rose all the way to nearly $400 per share last October.Feb 23, 2022
Is upstart publicly traded?
Today marks our fourth earnings report as a publicly traded company, and I continue to be amazed and delighted with the progress the Upstart team has made. This is an entirely unique time in our history and executing as a newly public company in this environment is not without challenges.Nov 9, 2021
Upstart Media Sentiment
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Upstart (NASDAQ UPST) News Headlines Today
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What is Upstart Holdings?
Upstart Holdings (NASDAQ: UPST) has a story anyone can get behind. It helps banks widen the circle of potential lenders by giving a better look at credit-worthiness. By taking different variables into account than FICO (NYSE: FICO), people who are normally walled off from lending gain access.
What is a doximity?
Just like in the movies, whether it be Judy Garland or Lady Gaga or Barbara Streisand. Doximity is a company doctors love to use and learn about everything -- new drugs, new methods and patient communications.
What happened
Shares of Upstart Holdings ( NASDAQ:UPST), the artificial-intelligence powered, cloud-based lending platform, plummeted Wednesday to close the session down 12.6%. The company had only itself to blame after announcing plans that will cause stock dilution.
So what
After watching its stock price surge to six times in value in the four months since its December IPO, Upstart decided to cash in last night. The fintech announced it will sell at least 2 million new shares of common stock, and as many as 2.3 million.
Now what
Upstart has not yet announced the shares' sale price, so it's not yet clear how much those proceeds will be. Investors should be prepared to see a second wave of selling pressure, though, if Upstart sets the price too far below the approximately $126 level at which shares closed Wednesday.
