Upbound Group (NASDAQ:UPBD) Trading 0.2% Higher

Upbound Group, Inc. (NASDAQ:UPBD)’s share price traded up 0.2% during mid-day trading on Tuesday . The stock traded as high as $30.96 and last traded at $30.35. 363,239 shares changed hands during trading, a decline of 24% from the average session volume of 481,024 shares. The stock had previously closed at $30.30.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UPBD. KeyCorp lifted their price target on shares of Upbound Group from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Raymond James lifted their price target on shares of Upbound Group from $34.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Stephens lifted their price target on shares of Upbound Group from $36.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, August 4th. TheStreet lowered shares of Upbound Group from a “b” rating to a “c” rating in a report on Thursday, August 3rd. Finally, Loop Capital boosted their target price on shares of Upbound Group from $30.00 to $33.00 in a research note on Friday, June 16th.

Upbound Group Trading Up 0.2 %

The stock has a 50 day moving average of $31.63. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -758.75 and a beta of 1.80. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 3.36.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.39. Upbound Group had a negative net margin of 0.04% and a positive return on equity of 36.32%. The firm had revenue of $979.20 million for the quarter, compared to analyst estimates of $973.93 million. During the same quarter in the previous year, the firm posted $1.15 earnings per share. The business’s revenue was down 8.6% on a year-over-year basis. Analysts predict that Upbound Group, Inc. will post 3.43 EPS for the current fiscal year.

Insider Activity

In other Upbound Group news, EVP Tyler Montrone sold 21,570 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $32.18, for a total transaction of $694,122.60. Following the completion of the sale, the executive vice president now owns 77,751 shares of the company’s stock, valued at approximately $2,502,027.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Upbound Group news, Director Jeffrey J. Brown bought 877 shares of the firm’s stock in a transaction dated Tuesday, July 11th. The stock was purchased at an average cost of $30.78 per share, with a total value of $26,994.06. Following the transaction, the director now directly owns 80,247 shares in the company, valued at approximately $2,470,002.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Tyler Montrone sold 21,570 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $32.18, for a total value of $694,122.60. Following the sale, the executive vice president now directly owns 77,751 shares of the company’s stock, valued at $2,502,027.18. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

Upbound Group Company Profile

Upbound Group, Inc, an omni-channel platform company, leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. The company operates in four segments: Rent-A-Center Business, 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.