Upstart Holdings

Anzahl gehandelter Insider-Aktien

INSIDER-HANDEL§3 MONATE
Anzahl gekaufter Aktien 217,980
Anzahl verkaufter Aktien 71,900  

Wenn man die Liste mal durchklickt handelt es sich bei den Käufen zumeist um Zuteilungen/Erwerbe a' 0$.
Und dagegen stehen sehr viele kleine Verkäufe..
https://www.nasdaq.com/market-activity/stocks/upst/insider-activity
Sollte man also nicht überbewerten. Oder besser gar nicht  

Obwohl die Börsen im Plus sind  

in Sachen Bankenkrise und Zinserhöhungen hart in Sippenhaft genommen.
Heute mal mit +12% Boden gut gemacht
https://www.nasdaq.com/market-activity/stocks/upst/real-time
 

Freitag kamen positive News zum US Preisindex bzw Inflation deswegen gingen tech Aktien Up.
Upstart muss sich aber erstmal beweisen. Bleibt spannend. Ich hoffe es kommt nicht zu einer KE……..dieses Jahr wird wahrscheinlich weiter ordentlich Cash verbrannt.  

=((  

https://www.ariva.de/news/...te-weiten-sich-schwcher-aus-als-10624185

 

Zahlen sind da  

Yesss
https://www.nasdaq.com/market-activity/stocks/upst/real-time
 

https://ir.upstart.com/news-releases/...es-first-quarter-2023-results
"Upstart Announces First Quarter 2023 Results
May 9, 2023 at 4:05 PM EDT

SAN MATEO, Calif.--(BUSINESS WIRE)--May 9, 2023-- Upstart Holdings, Inc. (NASDAQ: UPST), a leading artificial intelligence (AI) lending marketplace, today announced financial results for its first quarter of fiscal year 2023 ended March 31, 2023. 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.

“I’m pleased with the progress we made in Q1 against the objectives I set out last quarter,” said Dave Girouard, co-founder and CEO of Upstart. “Despite the headwinds facing our industry, we secured multiple long-term funding agreements, together expected to deliver more than $2 billion to the Upstart platform over the next 12 months.”

First Quarter 2023 Financial Highlights

Revenue. Total revenue was $103 million, a decrease of 67% from the first quarter of 2022. Total fee revenue was $117 million, a decrease of 63% year-over-year.
Transaction Volume and Conversion Rate. Lending partners originated 84,084 loans, totaling $997 million across our platform in the first quarter of 2023, down 78% from the same quarter of the prior year. Conversion on rate requests was 8% in the first quarter of 2023, down from 21% in the same quarter of the prior year.
Income (Loss) from Operations. Income (loss) from operations was ($132) million, down from $34.8 million in the same quarter of the prior year.
Net Income (Loss) and EPS. GAAP net income (loss) was ($129) million, down from $32.7 million in the first quarter of 2022. Adjusted net income (loss) was ($38.7) million, down from $58.6 million in the same quarter of the prior year. Accordingly, GAAP diluted earnings per share was ($1.58), and diluted adjusted earnings per share was ($0.47) based on the weighted-average common shares outstanding during the quarter.
Contribution Profit. Contribution profit was $67.6 million in the first quarter of 2023, down 54% year-over-year, with a contribution margin of 58% compared to a 47% contribution margin in the same quarter of the prior year.
Adjusted EBITDA. Adjusted EBITDA was ($31.1) million, down from $62.6 million in the same quarter of the prior year. The first quarter 2023 adjusted EBITDA margin was (30%) of total revenue, down from 20% in the same quarter of 2022.
Financial Outlook

For the second quarter of 2023, Upstart expects:

Revenue of approximately $135 million
Revenue From Fees of approximately $130 million
Net Interest Income (Loss) of approximately $5 million
Contribution Margin of approximately 60%
Net Income (Loss) of approximately ($40) million
Adjusted Net Income (Loss) of approximately ($7) million
Adjusted EBITDA of approximately $0 million
Basic Weighted-Average Share Count of approximately 83.1 million shares
Diluted Weighted-Average Share Count of approximately 83.1 million shares
Upstart has not reconciled the forward-looking non-GAAP measures above to comparable forward-looking GAAP measures because of the potential variability and uncertainty of incurring these costs and expenses in the future. Accordingly, a reconciliation is not available without unreasonable effort.

Key Operating Metrics and Non-GAAP Financial Measures

For a description of our key operating measures, please see the section titled “Key Operating Metrics” below.

Reconciliations of non-GAAP financial measures to the most directly comparable financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. For a description of these non-GAAP financial measures, including the reasons management uses each measure, please see the section titled "About Non-GAAP Financial Measures” below.

Conference Call and Webcast

Live Conference Call and Webcast at 1:30 p.m. PT on May 9, 2023. To access the call in the U.S. and Canada, dial +1 888-254-3590, conference code 1363719, and outside of the U.S. and Canada, dial +1 323-994-2093, conference code 1363719. A webcast is available at ir.upstart.com.
Event Replay. To replay the call in the U.S. and Canada, dial +1 888-203-1112 (code 1363719), and outside of the U.S. and Canada, dial +1 719-457-0820 (code 1363719). A call replay is available through May 16, 2023. The webcast will be archived for one year at ir.upstart.com..."  

läuft. Heute US Inflationsrate  

Das Video sehr negativ.
https://finance.yahoo.com/news/...g-firm-upstart-jumps-120122451.html
Text bullish

"(Reuters) - Shares of highly shorted Upstart Holdings jumped 32% in premarket trading on Wednesday, squeezing out bearish investors, after the artificial intelligence-driven lending marketplace secured an additional $2 billion in funding.

The San Mateo, California-based company, which uses AI to verify and process loans quickly, said it would receive the capital from new and existing partners over the next 12 months, helping the firm navigate an economic slowdown.

A sharp drop in demand for new loans because of high interest rates and fears of a slowdown has hammered shares of Upstart, erasing 82% of their value in the past 12 months.

"(The) committed funding agreements are a concrete step towards stabilizing Upstart's business," said James Faucette, analyst at Morgan Stanley, raising its price target on the stock to $13 from $10.

However, Faucette warned of risks ahead related to uncertain economic conditions, the company's historically challenged credit performance, and a lack of visibility to profitability.

Wall Street has a bearish view on the company and the average rating of 14 brokerages covering stock is "sell", while the median price target is $11.50, implying an 18.4% downside to the stock's last close.

At current levels, short sellers stand to lose about $122 million, according to analytics firm Ortex. About 37.5% of its free float was in short position as of May 8.

"With the price in Upstart jumping up over 30% in the pre-market, some short sellers will try to close their positions... adding additional buy pressure on the stock," said Peter Hillerberg, co-founder of Ortex.

When there is a rush of demand from short sellers looking to exit bearish bets due to a rise in a stock's price, it pushes prices even higher, resulting in a short squeeze.

The company's net loss per share, excluding items, was 47 cents, beating analysts' estimates of 81 cents loss per share, according to Refinitiv."

(Reporting by Medha Singh in Bengaluru; Editing by Saumyadeb Chakrabarty)

 

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https://www.ariva.de/news/...se-agreement-for-up-to-4-billion-4311379
"Montag, 15.05.2023 11:00 von PR Newswire
Castlelake Reaches Purchase Agreement for up to $4 Billion of Consumer Installment Loans Originated on Upstart's Platform

MINNEAPOLIS, May 15, 2023 /PRNewswire/ -- Castlelake, L.P. ("Castlelake"), a global alternative investment manager with 17 years of experience investing in asset-rich opportunities today announced that Castlelake, together with a co-investor and minority partner Eltura Capital Management, has reached an agreement to purchase up to $4 billion of consumer installment loans from Upstart (NASDAQ: UPST), an artificial intelligence (AI) lending marketplace. The purchase agreement consists of the acquisition of a back book of loans and a forward flow arrangement.

Upstart connects millions of consumers to 99 banks and credit unions who leverage Upstart's AI to approve more borrowers at lower loss rates, while simultaneously delivering the exceptional digital-first experience customers demand. More than $32 billion in loans have been originated on Upstart's platform since its inception in 2012. Through the transaction, Castlelake will leverage its experience underwriting consumer credit and small business loans to provide Upstart with the ability to upsize its business.

"Through this purchase agreement, Castlelake is pleased to partner with Upstart to expand its business in response to the increasing demand for affordable credit in today's economic environment," said John Lundquist, Partner, Specialty Finance at Castlelake. "Against a backdrop of increasing economic uncertainty, Castlelake is committed to helping support Upstart's mission of unlocking mobility and opportunity for millions of U.S. consumers."

"Upstart is excited to collaborate with a firm that we believe is an experienced and dependable capital provider through economic cycles," added Sanjay Datta, CFO of Upstart. "Castlelake's support will help ensure we have the resources to continue scaling the deployment of our AI models and expanding access to affordable credit for all consumers."

The transaction is a recent example of Castlelake's participation in the consumer credit and specialty finance sector, where it has both acquired assets and provided asset-based private credit. Other recent transactions include a £100 million facility commitment for a fintech company focused on expanding its revenue-based financing solution, and an agreement to provide credit to a tech-enabled trade financing platform built for small and medium-sized businesses.

"Whether through asset acquisition or bespoke private credit solutions, Castlelake has both the experience and flexibility to support companies operating in the specialty finance and consumer credit arena," said Isaiah Toback, Partner, Deputy Co-chief Investment Officer at Castlelake. "With sustained consumer demand for affordable credit and the ongoing retrenchment of traditional lenders, we believe that private capital represents an increasingly important part of the financing market for companies seeking steady, secure growth."  

Totgeglaubte leben länger ;)

 

Bis wohin läuft sie ?? Nächster wiedererstand ?  

-))  

 

Jetzt auch über der Linie "Tief aus Mai'22"

Shortquote weiter sehr hoch
https://www.marketwatch.com/tools/screener/short-interest
 

Die Shortquote ist ja nicht Tages aktuell oder ?  

Nicht aktuell  

Das stimmt.
Mit "weiter sehr hoch" meinte ich --wie schon seit Monaten--


Hier ist es "last updated" 09.Mai
https://www.highshortinterest.com/
 

https://data.nasdaq.com/data/FINRA/...nranyse-trf-short-interest-upst
 

32% davon short; alleine gestern wurden über 20 Mio gehandelt !

Die Shortquote dürfte mittlerweile deutlich niedriger liegen.

just my 2 cent  

Ja, es kann gut sein, dass die Shortquote sinkt.
Aber wir müssen eben mit den Zahlen leben die wir sehen können.
Umgekehrt kann es genauso gut sein, dass wg.des erhöhten Kurses wieder Shortpositionen aufgebaut werden..

Also beschäftigen wir uns lieber mehr mit den Geschäftszahlen, den Kreditzinsen und dem Chart :)