Upbound Group (NASDAQ:UPBD) Trading 0.2% Higher

Shares of Upbound Group, Inc. (NASDAQ:UPBD) traded up 0.2% during trading on Tuesday . The company traded as high as $30.96 and last traded at $30.35. 363,239 shares were traded 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 analysts have recently issued reports on UPBD shares. TheStreet cut shares of Upbound Group from a “b” rating to a “c” rating in a report on Thursday, August 3rd. Loop Capital upped their price target on Upbound Group from $30.00 to $33.00 in a report on Friday, June 16th. KeyCorp increased their price target on Upbound Group from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. Stephens raised their target price on shares of Upbound Group from $36.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, August 4th. Finally, Raymond James boosted 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.

Upbound Group Price Performance

The company has a quick ratio of 0.76, a current ratio of 3.36 and a debt-to-equity ratio of 1.98. The stock’s 50 day moving average price is $31.63 and its two-hundred day moving average price is $29.39. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of -763.50 and a beta of 1.80.

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

Insider Buying and Selling

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

About Upbound Group

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.