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

Upbound Group, Inc. (NASDAQ:UPBD) CFO Fahmi Karam acquired 11,500 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were bought 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 in the company, valued at $4,251,831.04. This trade represents a 7.51 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Upbound Group Price Performance

Shares of UPBD opened at $24.35 on Thursday. Upbound Group, Inc. has a twelve month low of $24.15 and a twelve month high of $38.72. The firm’s fifty day simple moving average is $28.37 and its 200-day simple moving average is $30.21. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 11.02 and a beta of 2.01. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.08.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. Equities analysts forecast that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Upbound Group

Several hedge funds and other institutional investors have recently bought and sold shares of UPBD. Wellington Management Group LLP raised its stake in Upbound Group by 2,864.5% during the 3rd quarter. Wellington Management Group LLP now owns 405,569 shares of the company’s stock worth $12,974,000 after acquiring an additional 391,888 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in Upbound Group during the 4th quarter worth $10,214,000. Marshall Wace LLP raised its stake in Upbound Group by 333.9% during the 4th quarter. Marshall Wace LLP now owns 350,949 shares of the company’s stock worth $10,237,000 after acquiring an additional 270,064 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Upbound Group during the 4th quarter worth $5,201,000. Finally, Victory Capital Management Inc. raised its stake in Upbound Group by 171.9% during the 4th quarter. Victory Capital Management Inc. now owns 267,618 shares of the company’s stock worth $7,806,000 after acquiring an additional 169,197 shares in the last quarter. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on UPBD shares. 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 decreased 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 analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Upbound Group currently has an average rating of “Moderate Buy” and an average price target of $37.00.

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.