Upstart Holdings, Inc. ( UPST ) shares are trading higher Thursday. The stock is rebounding after falling following the company's first-quarter financial report on Tuesday.

What To Know:

Upstart reported a quarterly loss of 31 cents per share which beat the analyst consensus estimate of a loss of 39 cents. The company also beat analysts' expectations with quarterly sales of $128 million, representing a 24.36% increase in sales from the same period last year.

However, the company said it expects second-quarter revenue of approximately $125 million, below the consensus estimate of $140.83 million. 

Multiple analysts updated their price targets on Upstart after the print: 

Mizuho analyst Dan Dolev maintained an Underperform rating and lowered the price target from $23 to $17.

Wedbush reiterated its Underperform rating and $10 price target on Upstart. 

Needham reiterated its Hold rating on the stock and noted its second-quarter outlook was well-below estimates as poor credit performance from affluent borrowers continues to drag on results.  

Related News: What's Going On With Affirm Stock After Earnings? 

Is UPST A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Upstart‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. Upstart Holdings ( UPST ) does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

For example, if you're looking to earn an annualized return of 13.2%, you'll need to buy a share of FS KKR Capital by June 12. Once done, you can expect to receive a nominal payout of $0.64 on July 2.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Upstart Holdings ( UPST ) will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

UPST Price Action: According to Benzinga Pro, Upstart shares are up 12.1% at $25.91 at the time of publication Thursday.

Image: Courtesy of Upstart Holdings, Inc. ( UPST )