Upstart (UPST) Explodes 40% on Earnings Beat and Strong Guidance, Triggering Upgrade to 'Outperform'
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UPDATE: JMP Securities Upgrades Upstart Holdings Inc (UPST) to Market Outperform
March 18, 2021 3:30 AM EDT(Updated - March 18, 2021 4:59 AM EDT)
JMP Securities analyst Ronald Josey upgraded Upstart Holdings Inc (NASDAQ: UPST) from Market Perform to Market Outperform with a price target of $111.00.
The analyst comments "We upgrade shares of Upstart to Market Outperform from Market Perform and... More
After-Hours Stock Movers 03/17: (UPST) (WSM) (FIVE) Higher; (TBIO) (CFRX) (SLDB) Lower (more...)
March 17, 2021 5:40 PM EDTAfter-Hours Stock Movers:
Upstart Holdings. (NASDAQ: UPST) 46% HIGHER; reported Q4 EPS of $0.07, $0.05 better than the analyst estimate of $0.02. Revenue for the quarter came in at $86.7 million versus the consensus estimate of $74.06 million. Upstream Worldwide, Inc. sees Q1 2021 revenue of $112-118 million, versus the consensus of $73.78 million. Upstream Worldwide, Inc. sees FY2021 revenue of $500 million, versus the consensus of $354.3 million.
Translate Bio (Nasdaq: TBIO) 14.5% LOWER; announced results from the second interim... More
Upstart Holdings (UPST) Tops Q4 EPS by 5c, Revenues Beat; Offers 1Q & FY21 Revenues Guidance Above Consensus
March 17, 2021 4:07 PM EDTUpstart Holdings (NASDAQ: UPST) reported Q4 EPS of $0.07, $0.05 better than the analyst estimate of $0.02. Revenue for the quarter rose 39% to $86.7 million versus the consensus estimate of $74.06 million.
Fourth Quarter 2020 Financial Highlights
Revenue. Total revenue was $86.7 million, an increase of 39% year-over-year for the fourth quarter. Total fee revenue was $84.4 million, an increase of 38% year-over-year.Lending Volume and Conversion Rate. Bank partners originated 123,396 loans across our platform in the fourth quarter of 2020, up 57% from the same quarter of the prior year. Conversion on rate requests was 17.4% in the fourth quarter of... MoreUpstart Holdings (UPST) to Acquire Prodigy Software
March 17, 2021 4:07 PM EDTUpstart Holdings, Inc. (NASDAQ: UPST) entered into a definitive agreement to acquire Prodigy Software, Inc., a provider of cloud-based automotive retail software.
Each year, approximately $1 trillion of cars are sold in the US, and most of them are financed.1 Yet purchasing a car consistently ranks among the worst consumer experiences, with less than 1% of buyers satisfied with the current process.
While Amazon and Shopify have modernized the online shopping experience, the auto industry has been left behind. Upstart is on a path to reduce the cost of... More
