UPST) stock

2022 - 5 - 10

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Upstart stock set to shed more than half its value as earnings ... (MarketWatch)

Shares of Upstart Holdings Inc. are on track to lose more than half their value in Tuesday's session after the lending company reduced its full-year ...

Caintic said he now has a “full-lender” multiple on the stock of 10 times estimated 2023 earnings per share. “If UPST will use its balance sheet to support its transaction volume, then we will ascribe a balance-sheet multiple,” he continued. “While UPST continues to have a fee-based revenue model, the larger loan balance does increase its risk exposure.” “This breaks the thesis for us of a marketplace lender, which is supposed to originate on behalf of funding partners.” “Our thesis going into 1Q’22 results recognized that consumer credit has been normalizing,” Citi Research analyst Peter Christiansen wrote in a note to clients. “Yet our expectation was that loan performance on recent issuance was somewhat expected, calibrated for, and perhaps performance benchmarks had been overly trend-fitted vs.

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Upstart Stock Plunges as Full-Year Revenue Outlook Is Cut (Barron's)

The artificial-intelligence lending company slashes its full-year revenue outlook, noting the possibilities of a recession.

The company said revenue in its second quarter will be about $295 million to $305 million, below Wall Street forecasts of $335 million. Upstart (ticker: UPST) said it expects revenue in 2022 of about $1.25 billion, down from its previous forecast of $1.4 billion. Shares of Upstart were falling almost 60% Tuesday after the artificial-intelligence lending company slashed its full-year revenue outlook, noting the possibilities of a recession.

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Why Is Upstart (UPST) Stock Plunging 60% Today? (Investorplace.com)

Upstart (UPST) stock is falling hard on Tuesday following the release of its earnings report for the first quarter of 2022.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Given the general macro uncertainties and the emerging prospects of a recession later this year, we have deemed it prudent to reflect a higher degree of conservatism in our forward expectations.” That’s already surpassed its daily average trading volume of about 12.1 million shares. And this also has UPST stock seeing heavy trading this morning. Upstart reported adjusted earnings per share of 61 cents on revenue of $310 million. Starting with the second quarter 2022 guidance, the company expects revenue of $295 million to $305 million.

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Upstart's Stock Just Crashed. Buy the Dip? (Motley Fool)

Shares of Upstart had fallen close to 60% after the company reported recent earnings results. Is this a buying opportunity?

Upstart runs a marketplace model, so it doesn't want to hold any loans on its balance sheet that it doesn't have to. Another huge red flag in the first-quarter report was the fact that Upstart significantly increased the number of loans it was holding on its balance sheet from about $252 million at the end of the fourth quarter to close to $600 million at the end of the first quarter. In addition, loans that may have qualified for a certain investor's risk appetite based on their specific risk criteria may no longer qualify. Upstart has already seen default rates normalize, which management attributes to the fading benefit of government stimulus. Well, Upstart, which uses technology and artificial intelligence to better assess the credit quality of borrowers for financial institutions and other investors, is no longer expecting the same kind of loan transaction volume it did a few months ago. Furthermore, Upstart originates loans to a range of borrowers across the credit spectrum, making a certain portion of its borrowers extremely risky.

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Upstart (NASDAQ:UPST) Releases Quarterly Earnings Results ... (Defenseworld.net)

Read Upstart (NASDAQ:UPST) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS at Defense World.

Piper Sandler cut shares of Upstart from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $230.00 to $44.00 in a research note on Tuesday. Finally, Citigroup reduced their price objective on shares of Upstart from $350.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 22nd. They issued an “outperform” rating and a $150.00 price objective on the stock. They issued an “equal weight” rating and a $124.00 price objective on the stock. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform. The shares were sold at an average price of $144.05, for a total transaction of $1,080,375.00. The disclosure for this sale can be found here. According to data from MarketBeat, Upstart has an average rating of “Buy” and an average price target of $183.79. The shares were sold at an average price of $108.39, for a total value of $9,032,463.87. Following the sale, the chief executive officer now directly owns 87,114 shares of the company’s stock, valued at approximately $9,442,286.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. FBN Securities began coverage on shares of Upstart in a research note on Tuesday, April 12th. Stephens began coverage on shares of Upstart in a research note on Thursday, March 31st. Upstart updated its FY 2022 guidance to EPS and its Q2 2022 guidance to $0.29-$0.31 EPS. Barclays decreased their price target on shares of Upstart from $285.00 to $180.00 in a research note on Thursday, February 17th. Upstart had a net margin of 15.96% and a return on equity of 21.33%. The business had revenue of $310.14 million for the quarter, compared to analysts’ expectations of $300.13 million.

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Upstart, UPST, Stock Drops 40% On Q1 Earnings Beat – Why? (AskTraders)

Upstart Holdings (NASDAQ: UPST) stock is now 90% down from its peak value which is a painful thing for those who bought at the top.

The whole idea of even a credit rating is based upon the idea of pattern recognition. Whether it’s going to continue is the big issue in reaching a valuation. Which is what happens to a stock built upon expectations of very fast and continued growth. So, that’s all good, it’s guidance for the future which is the problem. The basics of the Upstart story are still good. The problem is, as ever, valuations are built upon rapid growth, and then that growth turns out to be not so rapid.

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Upstart stock plummets after analysts downgrade in wake of ... (Seeking Alpha)

Upstart Holdings (UPST) stock is plunging 57% in Tuesday premarket trading after the fintech cut its 2022 guidance and started holding some loans on its ...

pre-COVID, (ii) will funding sources temper their appetite, and (iii) did Upstart ( UPST) cut its outlook enough?" the macro environment has become an increasing headwind to growth this past quarter with both rising interest rates and rising consumer delinquencies putting downward pressure on conversion." "Key questions now are (i) will consumer credit worsen vs.

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