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

65.27

Mkt cap

7.3B

Volume

40M

High

82.25

P/E Ratio

-34.91

52-wk high

82.25

Low

64.59

Div yield

N/A

52-wk low

19.84

Flywire Corporation reported a Q1 loss and issued Q2 revenue guidance below estimates, leading to a 14.1% drop in pre-market trading. Other companies like Treace Medical Concepts, DoubleVerify Holdings, ZoomInfo Technologies, Inspire Medical Systems, and several others also reported disappointing financial results or guidance, resulting in significant pre-market trading losses.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 10:05 am

In the after-hours trading update, Upstart Holdings provided guidance below market estimates, causing concern among investors. Meanwhile, Reddit reported strong Q1 earnings, leading to a surge in its stock price. Wynn Resorts also exceeded market expectations with its earnings report, potentially boosting investor confidence.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:04 pm

Upstart Holdings' shares declined following the announcement of Q1 financial results and Q2 revenue guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:40 pm

Trading for UPST was halted and then resumed at 4:30 PM ET, with updates on quotation resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:30 pm

Upstart Holdings Inc (NASDAQ:UPST) reported Q1 earnings with revenue of $128 million, surpassing estimates and achieving a 24% year-over-year increase but a 9% sequential decrease. The company beat EPS estimates with an adjusted loss of 31 cents per share. Loan originations rose 13% year-over-year to 119,380, totaling $1.1 billion. Upstart anticipates sequential growth in H2 and positive EBITDA by year-end. Q2 revenue is expected to be around $125 million, below estimates, with a projected adjusted EBITDA loss of $25 million.

Portfolio Pulse from Adam Eckert

May 07, 2024 | 8:27 pm

Upstart Holdings, Inc. (UPST) forecasts Q2 revenue to be around $125 million, falling short of the estimated $140.83 million. The company expects revenue from fees to be approximately $135 million and anticipates achieving positive EBITDA in Q4.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:13 pm

Upstart Holdings (UPST) reported Q1 2024 adjusted EPS of $(0.31), surpassing the $(0.39) estimate, with sales of $128M beating the $124.867M estimate, marking a 24.36% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:11 pm

Trading for UPST was halted at 4:01:00 p.m. ET due to pending news, indicating a significant announcement or event that could impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:01 pm

Deep-pocketed investors show a divided sentiment towards Upstart Holdings (NASDAQ:UPST), with a notable lean towards bearishness in recent options trading activity. Benzinga's options scanner revealed 18 extraordinary activities, with a price target range between $21.0 and $35.0. The current stock price of UPST is $23.72, with an RSI indicating a neutral position. Earnings are expected in 4 days, suggesting a critical period ahead for the stock.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 4:30 pm

JMP Securities analyst Andrew Boone has reiterated a 'Market Perform' rating on Upstart Holdings (NASDAQ:UPST), indicating a neutral outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:12 pm

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