Streetbeat News

UPST

Upstart Holdings, Inc.

https://www.upstart.com

Industry

Financial - Credit Services

Upstart Holdings, Inc., together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank partners. The company was founded in 2012 and is headquartered in San Mateo, California.

Open

47.90

Mkt cap

4.5B

Volume

4.5M

High

49.24

P/E Ratio

-33.71

52-wk high

96.43

Low

47.23

Div yield

N/A

52-wk low

20.60

Upstart shares declined following the announcement of a $300 million convertible senior notes offering due in 2029.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 1:19 pm

Several US-listed stocks experienced significant declines in Monday's pre-market session. iTeos Therapeutics fell 13.7% after announcing interim data from a study. Upstart Holdings dropped 8.5% following a proposed convertible notes offering. Other notable decliners include Vizsla Silver, Murano Global Investments, Guardant Health, Hyliion Holdings, Instil Bio, Canaan, Solid Biosciences, Nova Ltd., and MicroStrategy.

Portfolio Pulse from Avi Kapoor

September 16, 2024 | 12:44 pm

Upstart Holdings plans to offer $300 million of convertible senior notes due 2029 in a private offering. This move is likely aimed at raising capital for growth or operational needs.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 10:51 am

Insider sales were reported for Upstart Holdings, Zillow Group, Intuit, and Insulet. These sales may indicate concerns about company prospects or stock overvaluation. Notable sales include Upstart's CFO selling 1,500 shares, Zillow's President selling 6,031 shares, Intuit's CTO selling 2,941 shares, and Insulet's Director selling 5,000 shares.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 11:44 am

In August, several mid-cap stocks showed significant performance. Polestar Automotive, Upstart Holdings, and Lumen Technologies were among the top performers, with notable stock price increases due to strong quarterly results and strategic developments.

Portfolio Pulse from Lekha Gupta

September 08, 2024 | 6:09 pm

Financial sector stocks are experiencing a downturn due to weak market conditions influenced by recent jobs data.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 4:56 pm

The article highlights unusual options activity for several financial stocks, indicating potential trading opportunities. Notable activities include bullish call sweeps for HOOD, SOFI, KKR, and AFRM, bearish call trades for PYPL and UPST, and bearish put sweeps for USB and CFG.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 5:35 pm

Shares in the financial sector are declining due to weak market conditions, influenced by August's ISM Manufacturing PMI data showing economic contraction.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 6:42 pm

Deep-pocketed investors are showing a bullish trend towards Upstart Holdings (NASDAQ:UPST) with significant options activity. Despite a recent price drop, options data suggests a potential price range of $25 to $70. Analysts have mixed ratings, with some downgrading their targets.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 2:33 pm

Upstart Holdings Inc (UPST) shares rose by 6.46% following Affirm Holdings Inc's strong financial results, which boosted investor confidence in the fintech sector. Affirm's earnings exceeded estimates, highlighting the growth potential of the BNPL industry, positively impacting Upstart's stock.

Portfolio Pulse from Henry Khederian

August 29, 2024 | 3:45 pm

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