Upstart Holdings (UPST) is slated to report third-quarter 2024 results on Nov. 7, after market close.The company expects revenues of approximately $150 million for the quarter. The Zacks Consensus Estimate is currently pegged at $149.9 million, suggesting an improvement of 11.4% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The consensus mark for earnings is pegged at a loss of 14 cents per share, wider than the year-ago quarter’s reported loss of 5 cents. The loss ...

Interest rate cuts should help it get back to growth. Continuing its volatile journey, Upstart (UPST -0.41%) stock gained 30% in October, according to data from S&P Global Market Intelligence. The market gave it a thumbs-up after the Federal Reserve lowered interest rates for the first time in four years. When will Upstart start up again? Upstart enchanted investors when it first became a public company, and its stock climbed to astronomical heights before crashing and losing most of its value. Since then, ...

Upstart Holdings, Inc. (UPST) closed at $51.11 in the latest trading session, marking a +1.37% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.33% for the day. Meanwhile, the Dow experienced a drop of 0.22%, and the technology-dominated Nasdaq saw a decrease of 0.56%.Shares of the company witnessed a gain of 33.46% over the previous month, beating the performance of the Finance sector with its loss of 5.18% and the S&P 500's gain of 1.83%.Analysts and investors alike wi ...

Upstart Holdings, Inc. (UPST) ended the recent trading session at $52.54, demonstrating a -1.11% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.18%. At the same time, the Dow lost 0.8%, and the tech-heavy Nasdaq gained 0.27%.The the stock of company has risen by 33.69% in the past month, leading the Finance sector's loss of 3.02% and the S&P 500's gain of 4.46%.Analysts and investors alike will be keeping a close eye on the performance of Upsta ...

The Federal Reserve cut interest rates for the first time since 2020. Upstart (UPST 2.08%) stock has rallied in recent months, going from as low as $20 per share in August to over $55 per share at the time of this writing. Despite its recent rally, however, it remains 86% below its all-time high price of $401 per share in October 2021. Consumer lenders have struggled with the higher interest rate environment over the past several years, but things look like they could be turning a corner. Last month, the Fe ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Upstart. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Upstart Holdings, Inc. (UPST) shares ended the last trading session 15% higher at $54.07. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 23.6% gain over the past four weeks. The optimism surrounding the stock can be attributed to Upstart's growing partner network. The company's artificial intelligence (AI)-based lending platform has been selected by several banks and credit unions, which is contributing well to th ...

Upstart Holdings, Inc. (UPST) , an artificial intelligence (AI)-driven fintech company, has posted a jawdropping 114.3% gain over the past six months. This remarkable surge significantly outpaced both the Financial Select Sector SPDR Fund (XLF) ETF and the S&P 500, which have gained 16.7% and 14.8%, respectively. Such a rapid increase raises the question: Is the stock still worth buying, or is it now too pricey? 6-Month Price Return Performance Image Source: Zacks Investment Research The key factor behind t ...

Deal Overview - Upstart Holdings has sold up to $2 billion of consumer installment loans to Blue Owl Capital, including $290 million of personal loans already disbursed and future loans under a forward-flow agreement over the next 18 months [1] - The deal represents one of Upstart's largest purchase commitments ever, according to Upstart CFO Sanjay Datta [2] Upstart's Business Performance - Upstart achieved record highs in contribution margin (67% in Q2) and positive cash flow during its August earnings call [3] - 88% of Upstart's unsecured loans are fully automated, enabling faster scaling of originations and a more efficient loan application process [3] Blue Owl's Strategic Moves - Blue Owl recently completed its acquisition of Atalaya Capital Management, which manages over $10 billion in assets as of June 30 [4] - The Atalaya acquisition expands Blue Owl's alternative credit presence and strengthens its position in direct lending [5] Industry Trends - Upstart has been pivoting to private credit, evidenced by its recent deals with Castlelake LP, Eltura Capital Management, Centerbridge Partners, and Ares Management [3] - Blue Owl is expanding into additional credit products, aligning with its acquisition of Atalaya and the Upstart deal [2][4]

The Federal Reserve cut its benchmark interest rate last month, and more cuts are likely coming. The past few years have been tough operating environments for interest rate-sensitive, cyclical industries. One company that encapsulates this struggle is Upstart Holdings (UPST 0.33%), the artificial intelligence (AI) consumer lender. Upstart stock ran up significantly in the months following its December 2020 initial public offering (IPO). The consumer lender benefited from declining interest rates, a backdrop ...