To access ratings and relevant documents, click here.Ĭonsumer Loan ABS Global Rating Methodology Operative agreements and legal opinions will be reviewed prior to closing. KBRA considered its operational reviews of Upstart, as well as periodic update calls with the Company. ![]() KBRA applied its Consumer Loan ABS Global Rating Methodology, as well as its Global Structured Finance Counterparty Methodology and ESG Global Rating Methodology as part of its analysis of the portfolio pool data, underlying collateral pool and capital structure. Upstart was established in February 2012 and operates an online platform ( and a white label technology licensing service (collectively, the "Upstart Platform" or the "Platform") that allows lending partners to leverage Upstart’s online application flow, machine learning credit model, verification process and other technology to originate loans according to its own underwriting standards. Previously, UPST securitizations were co-sponsored by Goldman Sachs and were separate from other securitization vehicles containing collateral originated through Upstart including "UPSPT", sponsored by Jefferies, LLC and "USPTT", sponsored by an affiliate of Credit Suisse Finance LLC. Similar to UPST 2023-2, the UPST 2023-3 securitization is sponsored solely by Upstart. ("Upstart" or the "Company") and the 22 nd from the Upstart Securitization Trust ("UPST") ABS program. UPST 2023-3 represents the 43 rd ABS securitization collateralized by unsecured consumer loans originated through the online platform operated by Upstart Network, Inc. Credit enhancement consists of overcollateralization, excess spread, a non-declining cash reserve account and subordination (in the case of the Class A). UPST 2023-3 will have an expected collateral balance of approximately $263.159 million and the preliminary ratings reflect initial credit enhancement levels of 45.50% for the Class A notes and 26.50%% for the Class B notes. This group has a Zacks Industry Rank of 160, putting it in the bottom 37% of all 250+ industries.NEW YORK, October 20, 2023-( BUSINESS WIRE)-KBRA assigns preliminary ratings to two classes of notes issued by Upstart Securitization Trust 2023-3 ("UPST 2023-3"), a $194.74 million consumer loan ABS. ![]() The Computers - IT Services industry is part of the Computer and Technology sector. Within the past 30 days, our consensus EPS projection remained stagnant. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors should also note any recent changes to analyst estimates for Upstart Holdings, Inc.These revisions help to show the ever-changing nature of near-term business trends. These results would represent year-over-year changes of -652.38% and -41.43%, respectively. UPST's full-year Zacks Consensus Estimates are calling for earnings of -$1.16 per share and revenue of $493.45 million. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $98.77 million, down 68.15% from the year-ago period. This would mark a year-over-year decline of 231.15%. ![]() In that report, analysts expect Upstart Holdings, Inc. as it approaches its next earnings release. Investors will be hoping for strength from Upstart Holdings, Inc. Heading into today, shares of the company had gained 1.12% over the past month, lagging the Computer and Technology sector's gain of 7.45% and the S&P 500's gain of 5.67% in that time. ![]() Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, added 1.92%. This change outpaced the S&P 500's 0.33% gain on the day. (UPST) closed at $15.47 in the latest trading session, marking a +0.45% move from the prior day.
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