Insider Buying: Upbound Group, Inc. (NASDAQ:UPBD) CFO Acquires 11,500 Shares of Stock

Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) CFO Fahmi Karam bought 11,500 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $25.82 per share, with a total value of $296,930.00. Following the completion of the transaction, the chief financial officer now directly owns 164,672 shares in the company, valued at approximately $4,251,831.04. This trade represents a 7.51 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Upbound Group Price Performance

NASDAQ UPBD traded down $0.76 during trading on Thursday, hitting $23.59. 463,766 shares of the company's stock were exchanged, compared to its average volume of 526,645. The stock's 50 day moving average price is $28.37 and its two-hundred day moving average price is $30.21. Upbound Group, Inc. has a fifty-two week low of $23.35 and a fifty-two week high of $38.72. 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 company has a market cap of $1.35 billion, a PE ratio of 10.67 and a beta of 2.01.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.03 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. Research analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current year.

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Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. R Squared Ltd acquired a new position in shares of Upbound Group during the fourth quarter worth approximately $25,000. Covestor Ltd raised its holdings in Upbound Group by 268.8% during the third quarter. Covestor Ltd now owns 1,136 shares of the company's stock worth $37,000 after buying an additional 828 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Upbound Group by 45.0% in the fourth quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock valued at $73,000 after buying an additional 705 shares in the last quarter. Quarry LP increased its position in shares of Upbound Group by 374.3% during the third quarter. Quarry LP now owns 3,282 shares of the company's stock worth $105,000 after acquiring an additional 2,590 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Upbound Group by 12.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock valued at $110,000 after acquiring an additional 429 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Stephens began coverage on Upbound Group in a research report on Wednesday, November 13th. They set an "overweight" rating and a $38.00 price target on the stock. TD Cowen upgraded shares of Upbound Group to a "strong-buy" rating in a report on Friday, November 29th. Finally, Loop Capital lowered their target price on Upbound Group from $33.00 to $30.00 and set a "hold" rating for the company in a 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.