UpStart Holdings Inc (UPST)

[eastunder]

Short Interest UPST cpps@ 18.57
Percentage of Shares Outstanding 32.81
Number of Shares Short 26.86M
Number of Shares - Previous Month 24.83M
Short Interest Ratio (Days) 7.40
Short Interest Ratio - 1 Month Ago (Days) 6.06

[ThirdEyeAnalyst]

PT $0 Out of business pump and dump fraud

https://www.mediaite.com/news/cnbc-guest-pumps-stock-in-interview-has-mysterious-audio-issue-when-asked-to-explain-company/

[eastunder]

UPST 17.44 tgt to watch


Open Gaps
Direction Date range
up Nov-10-2022 17.44 to 18.16

[lvhd]

Scam

[Talc Moan]

$355 to $20 bucks. Lol. So many shit companies out there finally getting devalued.

[blackpilled]

LFG

[eastunder]

Upstart outlook comes up short, but CEO says he’s ‘confident’ in value of AI lending

Published: Aug. 8, 2022 at 4:35 p.m. ET

By Emily Bary

Official earnings report comes after company had preannounced negative performance in July

https://www.marketwatch.com/story/upstart-outlook-comes-up-short-but-ceo-says-hes-confident-in-value-of-ai-lending-11659990936?siteid=yhoof2

Upstart Holdings Inc. delivered a lower-than-expected revenue forecast for the current quarter, but its chief executive expressed confidence in the performance and value of artificial-intelligence-driven lending.

Since Upstart UPST, +9.02% offered preliminary second-quarter results a month ago that fell shy of expectations, the key issue headed into the company’s official earnings report was its outlook.

Executives at Upstart, which uses artificial intelligence to inform lending decisions, expect $170 million in revenue for the third quarter, whereas analysts were anticipating $249 million.

For the second quarter, the company posted a net loss of $29.9 million, or 36 cents a share, whereas it recorded net income of $37.3 million, or 39 cents a share, in the year-earlier quarter. On an adjusted basis, Upstart posted per-share earnings of 1 cent, whereas it had logged adjusted earnings per share of 62 cents a year earlier.

Analysts tracked by FactSet had been projecting adjusted EPS of 3 cents.

Upstart’s total revenue rose to $228 million from $194 million, while the FactSet consensus was for $242 million. The company generated $258 million in fee revenue but saw the revenue total impacted by about $30 million in adjustments related to interest income and fair value.

When executives gave a preliminary update on the business in early July, they called for $228 million in overall revenue and a $27 million to $31 million net loss, both of which were significantly weaker than the company’s prior forecast.

“This quarter’s results are disappointing and reflect a difficult macroeconomic environment that led to funding constraints in our marketplace,” Chief Executive Dave Girouard said in a release Monday. “In response we’re taking the necessary actions to build a more resilient and committed funding model over time.”

He added in a blog post that the company’s outlook calls for a 25% drop in third-quarter revenue relative to second-quarter revenue, which reflects funding constraints. “A decline in revenue is obviously disappointing, and it’s natural to ask whether our AI-based credit model continues to work as designed,” Girouard said. “We’re confident it does.”

The company disclosed that it bought back 3.5 million shares, totaling about $125 million, in the second quarter.

The stock has lost 62% over the past three months, as the S&P 500 SPX, -0.12% has inched up 0.4%.

[eastunder]

Upstart Announces Second Quarter 2022 Results

https://www.sec.gov/Archives/edgar/data/1647639/000164763922000047/upst991prq22022.htm

SAN MATEO, Calif. – August 8, 2022 – Upstart Holdings, Inc. (NASDAQ: UPST), a leading artificial intelligence (AI) lending marketplace, today announced financial results for its second quarter of fiscal year 2022 ended June 30, 2022. Upstart will host a conference call and webcast at 1:30 p.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com.

“This quarter’s results are disappointing and reflect a difficult macroeconomic environment that led to funding constraints in our marketplace,” said Dave Girouard, co-founder and CEO of Upstart. “In response we’re taking the necessary actions to build a more resilient and committed funding model over time. We're confident that our AI-based risk model is more accurate than ever, and provides the opportunity for long-term, sustainable growth.”

Second Quarter 2022 Financial Highlights

Revenue. Total revenue was $228 million, an increase of 18% from the second quarter of 2021. Total fee revenue was $258 million, an increase of 38% year-over-year.

Transaction Volume and Conversion Rate. Bank partners originated 321,138 loans, totaling $3.3 billion, across our platform in the second quarter, up 12% from the same quarter of the prior year. Conversion on rate requests was 13% in the second quarter of 2022, down from 24% in the same quarter of the prior year.

Income (Loss) from Operations. Loss from operations was $(32.1) million, down from $36.3 million the prior year.

Net Income (Loss) and EPS. GAAP net loss was $(29.9) million, down from $37.3 million in the second quarter of 2021. Adjusted net income was $1.0 million, down from $58.5 million in the same quarter of the prior year. Accordingly, GAAP diluted loss per share was $(0.36), and diluted adjusted earnings per share was $0.01 based on the weighted-average common shares outstanding during the period.

Contribution Profit. Contribution profit was $120.9 million, up 25% year-over-year in the second quarter of 2022, with a contribution margin of 47% compared to a 52% contribution margin in the same quarter of the prior year.

Adjusted EBITDA. Adjusted EBITDA was $5.5 million, down from $59.5 million in the same quarter of the prior year. The second quarter 2022 adjusted EBITDA margin was 2% of total revenue, down from 31% in the second quarter of 2021.

Share Repurchases. Upstart repurchased 3.5 million shares of UPST totaling approximately $125 million.

Financial Outlook

For the third quarter of 2022, Upstart expects:

Revenue of approximately $170 million
Contribution Margin of approximately 59%
Net Income of approximately ($42) million
Adjusted Net Income of approximately ($9) million
Adjusted EBITDA of approximately $0
Basic Weighted-Average Share Count of approximately 81.8 million shares
Diluted Weighted-Average Share Count of approximately 85.5 million shares

[eastunder]

UPST earnings 8-8 After market

35% short

https://shortsqueeze.com/?symbol=upst&submit=Short+Quote%99

[eastunder]

UPST earnings 8-8 After market

35% short

https://shortsqueeze.com/?symbol=upst&submit=Short+Quote%99

[robertus]

Bear trap

[OptimusPrime555]

$25 coming sooner than you think!

[jhdf51]

Yep good call. Then where? (Smile)

Thanks!

JHD

[rosemountbomber]

See only $3+ from 50.

[jhdf51]

Ok thanks.

[rosemountbomber]

Might see it in a few days.

[jhdf51]

Think we can see $50 in a few months?

JHD

[bandit007]

Slow and steady gains off bottom

[XRPisDead]

#69 and this Company will be big in the longterm give it 5+ years, its dumb cheap its crazy $1000+

[SpaceTimeRift777]

What's the next earnings bomb to buy puts on? This sector is cratering .. The housing market will be next

[OptimusPrime555]

Overvalued POS going to single digits where it belongs!

[bandit007]

Or very good for a bounce! GL

[bandit007]

Nice bottom bounce play here. IMO

[kofikbaz]

Why is going to down? %60 down very bad

[jablome]

lookie at this one

[Afterhoursearnings3]

Holy shit

[rosemountbomber]

Well Kiwi, yesterday's ER was even better than the last. Now they have 57 banks and credit unions and over 500 dealerships. But cautious about business going forward and getting punished after hours.

[OptimusPrime555]

I believe $10 would be a good entry imho!

[girlfriend]

Nice call here after earnings!

Glad I was stopped out. Whoa!

[girlfriend]

Already stopped out!

[OptimusPrime555]

$25 coming!!!

[girlfriend]

In a few UPST in the 78's here not sure I want them. Fintech sucks now.

[eastunder]

Upstart to Report First Quarter 2022 Earnings on May 9, 2022
5:24 PM ET, 04/11/2022 - Business Wire
SAN MATEO, Calif.--(BUSINESS WIRE)--Apr. 11, 2022-- Upstart Holdings, Inc. (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, announced today that its first quarter of fiscal year 2022 business and financial results will be released on Monday, May 9, 2022 after the market close. Upstart will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET. Prior to the conference call, the first quarter 2022 earnings press release and investor presentation will be available on Upstart’s investor relations website at ir.upstart.com.

Live webcast. The live webcast will be accessible on Upstart’s investor relations website, ir.upstart.com, and an archived webcast of the conference call will be available after the conference call.

Conference Call Dial In. To access the live conference call in the United States and Canada: [phone], conference code 6076997. To access the live conference call outside of the United States and Canada: [phone], conference code 6076997.

[Liam859]

$UPST $90 load zone here

[SmokeSignals]

calls

[peterquinnvet]

$UPST is one of the 5 Artificial Intelligence Growth Stocks to Buy Now and Hold according to The Motley Fool.

https://www.fool.com/investing/2022/03/12/5-artificial-intelligence-growth-stocks-buy-hold/

[powercrush86]

and back down that much interested again

[powercrush86]

this is up 50% from just Thursday

[Whalatane]

Rose. UPST. Incredible earnings 4th Qt plus full year
Net profit accelerating Q3 into Q4
Auto refi really taking off
Now have 40 banks and credit unions as customers
Very fast ( and profitable ) growth … talking about UPST here … not AMRN

Kiwi

[ke kai]

What is going on with this?

[Liam859]

Holy!!! $140cha-ching$$$$$$$

[Liam859]

Earnings coming up after hrs. I’m bullish $108 $UPST

[girlfriend]

Took some this morning just under 96 hope I want it. Earnings 2/15 it says.

Good Luck y'all

[gator16]

I got some at 100 and some at 99

[powercrush86]

anyone picked this up under 100?

[Whalatane]

Congrats on quick profit . I effectively round tripped on this $130 ( August ) to $400 back to $145 ... as I violated one of my cardinal trading rules . I failed to sell half after a 20% drop from its high .
So now I'm a bag holder :--)
Kiwi

[rosemountbomber]

This ultimately has a lot more to run but booking a quick profit here at $147.. covid news makes this an up and down market so may re-enter.

[rosemountbomber]

Dipped my toe in - 131.92

[rosemountbomber]

Kiwi, you probably saw my post on the other board that I will be taking some loss there to offset gains I made earlier in the year.

I have UPST on my radar as to where to park that money, at least for a while. Nice to see a company growing revenues and earnings. What I have difficulty with is figuring out how rising interest rates in 2022 and beyond would affect this stock.

But as of this moment my mind is zeroing in on joining you in this stock this coming week. Good luck to us all.

[Whalatane]

Buying at $188 . This looks so over sold on technical indicators and is approaching its 200 day MA and long term uptrend line.
Unless there has been some fundamental change in their business outlook ...they are still guiding $260m for the 4 th Qt ..225% growth year over year ...that I'm unaware of ...this looks oversold .

JMO do your own DD

Kiwi