|Bid||50.20 x 800|
|Ask||50.35 x 800|
|Day's Range||40.14 - 50.43|
|52 Week Range||25.43 - 401.49|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||50.89|
|Earnings Date||Mar 15, 2022 - Mar 21, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||53.08|
Financial technology company Upstart Holdings (NASDAQ: UPST) has proven to be one of the most volatile stocks on Wall Street since going public at the end of 2020. Investors were shocked when Upstart's 2022 first-quarter earnings report revealed a surge in loans on the company's balance sheet, a potentially risky situation in an economy that appears to be slowing. Upstart receives a fee for the loans it touches, making it more a technology platform than an actual lender.
Artificial intelligence (AI)-based loan determination company Upstart Holdings (NASDAQ: UPST) and its shareholders alike have had a rough 2022. Upstart caught fire among investors because of its AI-based service that it touts as a more accurate judge of creditworthiness than the FICO score and standard bank determinations. One of the main concerns investors had with Upstart's quarter was the number of loans it held for sale on its own balance sheet this quarter.
While Upstart can generate more origination volume, LendingClub is better positioned to handle market shocks.