Upbound Group, Inc. (NASDAQ:UPBD) CFO Purchases $296,930.00 in Stock

by · The Cerbat Gem

Upbound Group, Inc. (NASDAQ:UPBD – Get Free Report) CFO Fahmi Karam purchased 11,500 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $25.82 per share, with a total value of $296,930.00. Following the transaction, the chief financial officer now directly owns 164,672 shares of the company’s stock, valued at approximately $4,251,831.04. This represents a 7.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Upbound Group Price Performance

Shares of Upbound Group stock opened at $25.17 on Wednesday. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 11.39 and a beta of 2.01. Upbound Group, Inc. has a 1-year low of $24.15 and a 1-year high of $38.72. The firm’s 50-day moving average price is $28.47 and its two-hundred day moving average price is $30.25.

Upbound Group (NASDAQ:UPBD – Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. On average, equities analysts predict that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Institutional Trading of Upbound Group

Several hedge funds have recently modified their holdings of UPBD. Wellington Management Group LLP grew its stake in shares of Upbound Group by 2,864.5% during the third quarter. Wellington Management Group LLP now owns 405,569 shares of the company’s stock valued at $12,974,000 after purchasing an additional 391,888 shares during the last quarter. Kennedy Capital Management LLC bought a new stake in shares of Upbound Group during the fourth quarter valued at approximately $10,214,000. Marshall Wace LLP grew its stake in shares of Upbound Group by 333.9% during the fourth quarter. Marshall Wace LLP now owns 350,949 shares of the company’s stock valued at $10,237,000 after purchasing an additional 270,064 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Upbound Group during the fourth quarter valued at approximately $5,201,000. Finally, Victory Capital Management Inc. grew its stake in shares of Upbound Group by 171.9% during the fourth quarter. Victory Capital Management Inc. now owns 267,618 shares of the company’s stock valued at $7,806,000 after purchasing an additional 169,197 shares during the last quarter. 90.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UPBD. TD Cowen raised shares of Upbound Group to a “strong-buy” rating in a research report on Friday, November 29th. Stephens began coverage on shares of Upbound Group in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price target for the company. Finally, Loop Capital dropped their price target on shares of Upbound Group from $33.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Read Our Latest Analysis on Upbound Group

About Upbound Group

(Get Free Report)

Upbound Group, Inc leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels.

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