Upbound Group, Inc. (NASDAQ:UPBD) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Upbound Group, Inc. (NASDAQ:UPBD) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $39.40.

Several research analysts have weighed in on the stock. BTIG Research assumed coverage on shares of Upbound Group in a research report on Friday, June 7th. They issued a “buy” rating and a $45.00 price target on the stock. Jefferies Financial Group decreased their price target on shares of Upbound Group from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, July 10th. Finally, Loop Capital reiterated a “hold” rating and issued a $36.00 price target on shares of Upbound Group in a research report on Friday, September 13th.

Upbound Group Trading Up 0.8 %

Shares of UPBD opened at $30.75 on Friday. The firm’s 50-day moving average price is $32.61 and its 200-day moving average price is $32.33. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -66.85 and a beta of 2.00. The company has a current ratio of 3.96, a quick ratio of 0.84 and a debt-to-equity ratio of 2.21. Upbound Group has a 1-year low of $25.00 and a 1-year high of $38.72.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.03 by $0.01. Upbound Group had a net margin of 1.31% and a return on equity of 32.94%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $1.11 earnings per share. Upbound Group’s quarterly revenue was up 10.0% on a year-over-year basis. Sell-side analysts anticipate that Upbound Group will post 3.81 EPS for the current year.

Insider Transactions at Upbound Group

In other news, Director Jeffrey J. Brown acquired 1,031 shares of Upbound Group stock in a transaction dated Tuesday, July 9th. The stock was purchased at an average cost of $29.82 per share, with a total value of $30,744.42. Following the completion of the purchase, the director now directly owns 84,169 shares in the company, valued at approximately $2,509,919.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Transient C. Taylor sold 15,127 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $34.00, for a total value of $514,318.00. Following the completion of the sale, the executive vice president now directly owns 14,651 shares of the company’s stock, valued at $498,134. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey J. Brown bought 1,031 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The shares were bought at an average cost of $29.82 per share, with a total value of $30,744.42. Following the completion of the purchase, the director now directly owns 84,169 shares of the company’s stock, valued at approximately $2,509,919.58. The disclosure for this purchase can be found here. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Upbound Group

Several institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new position in Upbound Group during the second quarter valued at $257,000. Aristides Capital LLC purchased a new position in Upbound Group during the second quarter valued at $213,000. The Manufacturers Life Insurance Company grew its stake in Upbound Group by 5.3% during the second quarter. The Manufacturers Life Insurance Company now owns 26,123 shares of the company’s stock valued at $802,000 after acquiring an additional 1,317 shares in the last quarter. Caxton Associates LP purchased a new position in Upbound Group during the second quarter valued at $956,000. Finally, Cubist Systematic Strategies LLC grew its stake in Upbound Group by 4,547.0% during the second quarter. Cubist Systematic Strategies LLC now owns 70,681 shares of the company’s stock valued at $2,170,000 after acquiring an additional 69,160 shares in the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

Upbound Group Company Profile

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.