Upstart Holdings, Inc. (UPST) News
Filter UPST News Items
UPST News Results
|Loading, please wait...|
UPST News Highlights
- For UPST, its 30 day story count is now at 43.
- Over the past 23 days, the trend for UPST's stories per day has been choppy and unclear. It has oscillated between 1 and 8.
- The most mentioned tickers in articles about UPST are BEAT, LOAN and FICO.
Latest UPST News From Around the Web
Below are the latest news stories about Upstart Holdings Inc that investors may wish to consider to help them evaluate UPST as an investment opportunity.
Upstart's fundamentals and outlook are very strong, leaving UPST stock well-positioned to climb much further.
NEW YORK , Feb. 25, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SQ, CRI, UPST, SE, and SHOP. … Full story available on Benzinga.com
Upstart, an AI-powered loan facilitator, is continuing to grow and disrupt the FICO score. Upstart has also partnered with 42 banks, up from 10 in Q3 of 2020. Additionally, Upstart's management indicated that the business could perform well as stimulus payments end and default rates on their loans increase.
Growth stocks are trading through a brutal bear market.
Upstart Holdings Inc. - Common stock''s (NASDAQ: UPST ) short percent of float has risen 22.8% since its last report. The company recently reported that it has 6.88 million shares sold short , which is 11.15% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.3 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the … Full story available on Benzinga.com
These are the financial stocks with the best value, fastest growth, and most momentum for March 2022.
Tech stocks have been hammered recently, especially those trading at rich valuations. It's expected the Federal Reserve will raise interest rates 3 to 7 times this year to combat rampant inflation, setting in motion a chain of events that should ultimately slow inflation by reducing business and consumer spending. Of course, less spending also means slower corporate revenue growth, which means those richly valued stocks now look even more expensive.
The company hasn't even begun vying for a piece of the biggest potential market for its AI-powered loan-decision platform.
Upstart (NASDAQ: UPST), the lender using artificial intelligence in its decision-making on loans, delivered strong results for the fourth quarter of 2021, sending its stock price soaring last week. The share buyback news came as a bit of a surprise because Upstart only went public at the end of 2020 and has been in growth mode ever since. Let's take a look at why Upstart chose to repurchase shares and what it might mean for investors.
Upstart Holdings (UPST) provides credit services. It offers an artificial intelligence-powered platform used by banks and credit unions to inform their lending decisions. Upstart-powered lenders report lower loss rates and higher approval rates. For Q4 2021, Upstart reported a 252% year-over-year jump in revenue to $305 million, exceeding the consensus estimate of $263 million. It posted adjusted EPS of $0.89, which rose from $0.07 in the same quarter the previous year and beat the consensus estimate of $0.51. For Q1 2022, the company anticipates revenue in the band of $295 million $305 million. Upstart recently launched a $400 million share repurchase program.