Upstart Holdings Inc. [NASDAQ: UPST] slipped around -18.23 points on Wednesday, while shares priced at $126.07 at the close of the session, down -12.63%. The company report on April 7, 2021 that Upstart Announces Follow-on Offering.
Upstart Holdings, Inc. (Nasdaq: UPST) announced a follow-on offering of 2,000,000 shares of its common stock, all of which are being offered by the company. In addition, Upstart has granted the underwriters a 30-day option to purchase up to an additional 300,000 shares of common stock.
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Upstart intends to use the net proceeds from this offering for general corporate purposes.
Compared to the average trading volume of 2.25M shares, UPST reached a trading volume of 2664242 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Upstart Holdings Inc. [UPST]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UPST shares is $106.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UPST stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JMP Securities have made an estimate for Upstart Holdings Inc. shares, keeping their opinion on the stock as Mkt Outperform, with their previous recommendation back on March 18, 2021. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $57 to $135. The new note on the price target was released on March 18, 2021, representing the official price target for Upstart Holdings Inc. stock.
The Average True Range (ATR) for Upstart Holdings Inc. is set at 17.88, with the Price to Sales ratio for UPST stock in the period of the last 12 months amounting to 36.26. The Price to Book ratio for the last quarter was 30.90, with the Price to Cash per share for the same quarter was set at 3.81.
How has UPST stock performed recently?
Upstart Holdings Inc. [UPST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.48.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UPST stock in for the last two-week period is set at 56.27, with the RSI for the last a single of trading hit 53.37, and the three-weeks RSI is set at 57.47 for Upstart Holdings Inc. [UPST]. The present Moving Average for the last 50 days of trading for this stock 87.66, while it was recorded at 136.81 for the last single week of trading.
Upstart Holdings Inc. [UPST]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Upstart Holdings Inc. [UPST] shares currently have an operating margin of +5.04. Upstart Holdings Inc.’s Net Margin is presently recorded at +2.56.
Return on Total Capital for UPST is now 3.80, given the latest momentum, and Return on Invested Capital for the company is 2.99. Return on Equity for this stock inclined to 2.99, with Return on Assets sitting at 1.37. When it comes to the capital structure of this company, Upstart Holdings Inc. [UPST] has a Total Debt to Total Equity ratio set at 27.33. Additionally, UPST Total Debt to Total Capital is recorded at 21.46, with Total Debt to Total Assets ending up at 17.19.
Reflecting on the efficiency of the workforce at the company, Upstart Holdings Inc. [UPST] managed to generate an average of $10,800 per employee.
Insider trade positions for Upstart Holdings Inc. [UPST]
There are presently around $4,926 million, or 58.90% of UPST stock, in the hands of institutional investors. The top three institutional holders of UPST stocks are: THIRD POINT LLC with ownership of 13,381,222, which is approximately New of the company’s market cap and around 0.50% of the total institutional ownership; VK SERVICES, LLC, holding 5,248,588 shares of the stock with an approximate value of $661.69 million in UPST stocks shares; and FIRST ROUND CAPITAL MANAGEMENT III, LLC, currently with $367.57 million in UPST stock with ownership of nearly New of the company’s market capitalization.
Positions in Upstart Holdings Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 58 institutional holders increased their position in Upstart Holdings Inc. [NASDAQ:UPST] by around 39,070,801 shares. Additionally, 0 investors decreased positions by around 0 shares, while 0 investors held positions by with 0 shares. The mentioned changes placed institutional holdings at 39,070,801 shares, according to the latest SEC report filing. UPST stock had 58 new institutional investments in for a total of 39,070,801 shares, while 0 institutional investors sold positions of 0 shares during the same period.