The intrinsic value of this company is around $50 yet trades at $28. Current and former ceo have bought over 10 million in shares altogether, despite their net worths being 100% upstart essentially already. The former ceo bought last week at 31, current ceo bought even more yesterday at 27.5 (bought at 39.33 before).
Guidance is 35% CAGR for 3 years straight with 25% ebitda. The company will literally print money as an automated loan marketplace. On top of that, they’ll be opening Upstart bank in a year to further reduce their costs. There’s only 1000 employees, mostly engineers, so they’ll be swimming in money.
There’s only 100 million shares, and the stock appears to be a top 10 shorted stock with 75% utilization on IBKR and only 800k shares left to short. The stock appears to be one of the most naked shorted names in the entire market. In the past 2 years the stock has bounced up to $95 about 6 different times.
If momentum catches this stock, it could easily be over $100 in a few trading sessions.
TLDR: the stock has great fundamentals and projections, yet is getting crushed by short sellers atm.