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What's Up With Upstart?

What's Up With Upstart?

FromThe 7investing Podcast


What's Up With Upstart?

FromThe 7investing Podcast

ratings:
Length:
34 minutes
Released:
Sep 22, 2022
Format:
Podcast episode

Description

Upstart Holdings (Nasdaq: UPST) has given investors quite a wild ride during these past two years.
The consumer loan tech platform went public in December 2020 at $20 per share and immediately skyrocketed twenty-fold to $400 per share within its very first year in the public markets! Yet concerns about how lending might be impacted by a challenging macroeconomic environment have sent shares back down to Earth. Now selling at $21, Upstart is right back to where it traded during its initial IPO.
Yet ignoring its volatile stock price, Upstart the business is making solid progress. It's ingesting more data with each new loan it approves, which it uses to continually refine its AI algorithms and improve its accuracy. Its two-sided network -- serving both borrowing consumers and lending banks -- is expanding as it signs on new partners each month.
So where does that leave things for investors? Is Upstart a short-term, unloved stock that is attached to a long-term, outperforming business? Or are there flaws with Upstart's decision-making process that could lead to even larger problems down the road?
In today's 7investing podcast, 7investing lead advisors Anirban Mahanti and Simon Erickson take a closer look at what's up with Upstart. The two dive deep into the business, how it's deriving its revenue, and why its innovative approach is gaining popularity with banking partners. They also discuss what Upstart's 41% short interest means, and what its expansion into the auto and mortgage markets could mean for investors.
Anirban and Simon recorded this episode of the 7investing Podcast in front of a live audience on Thursday, September 15th. If you would like to attend future live recordings of our podcast, we invite you to sign up for free on our new 7investing Events page.
Publicly-traded companies mentioned in this interview include Upstart Holdings. 7investing’s advisors or its guests may have positions in the companies mentioned.

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Released:
Sep 22, 2022
Format:
Podcast episode

Titles in the series (100)

Welcome to 7investing.com. Our mission is to empower you to invest in your future. This podcast brings our market-based experts together to discuss our investing process and important news. Once a month, we will also feature interviews with some of the best minds in business and investing. Check out 7investing.com to find more of our free content and premium monthly stock recommendations.