Author Bio
Courtney is a Certified Public Accountant based in Florida. Courtney covers anything financial, including insurance, banks, REITS, and fintechs. In his free time he enjoys golfing, working out, and reading.
Upstart Holdings (NASDAQ:UPST) has crushed it since going public in December. The lending technology company posted its first profitable year in 2020 and built on that growth in the first quarter. Furthermore, its latest guidance calls for 150% sales growth from last year s figures. Investors have been encouraged by the fintech s blazing public debut, as well as enriched in the six months it s been on the public markets, Upstart s stock has sextupled, giving the company a market cap of $12.3 billion.
Author Bio
Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors. He is also the founder and president of Concinnus Financial, a Registered Investment Advisor based in Spokane, WA. He enjoys the outdoors up and down the West Coast with his wife and their Humane Society-rescued dog.
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Upstart (NASDAQ:UPST) has been a stock market hit since its IPO in December. Shares of the company, which operates an artificial-intelligence-powered consumer-lending platform, have doubled since then even after it took part in the recent sell-off of high-growth tech stocks that left it trading more than 50% below its all-time high.
Operator
Good day, and welcome to the Upstart Q1 FY 2021 earnings call. Today s conference is being recorded. At this time, I would like to turn the conference over to Mr. Jason Schmidt, head of investor relations.
Please go ahead, sir.
Head of Investor Relations
Good afternoon, and thank you for joining us on today s conference call to discuss Upstart s first-quarter 2021 financial results. With us on today s call are Dave Girouard, Upstart s chief executive officer; and Sanjay Datta, our chief financial officer. Before we begin, I wanted to remind you that shortly after the market close today, Upstart issued a press release announcing its first-quarter 2021 financial results and published an investor relations presentation. Both are available on our investor relations website, ir.upstart.com.
Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.
What happened
Lending platform company
Upstart Holdings (NASDAQ:UPST) didn t have as volatile a month in April as it did the month before. Shares soared 90% in a single day after Upstart reported its first financial update as a public company in mid-March. But things settled down in the month of April, as shares moved 15.4% lower according to data provided by S&P Global Market Intelligence.
Author Bio
Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors. He is also the founder and president of Concinnus Financial, a Registered Investment Advisor based in Spokane, WA. He enjoys the outdoors up and down the West Coast with his wife and their Humane Society-rescued dog.
Follow @nrossolillo
A seeming multitude of fintech and digital payments companies have made public debuts in the past year. Some are merely trying to take advantage of the hype surrounding the digital economy, but others look like promising long-term growth stocks.
Upstart (NASDAQ:UPST) is one of those promising few but it s no hidden gem. As of this writing, shares are up an incredible 280% since its December IPO.