Fahmi Karam Purchases 11,500 Shares of Upbound Group, Inc. (NASDAQ:UPBD) Stock

Upbound Group, Inc. (NASDAQ:UPBD) CFO Fahmi Karam purchased 11,500 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost 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 $4,251,831.04. The trade was a 7.51 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Upbound Group Stock Performance

Shares of UPBD stock traded up $0.01 during trading on Monday, reaching $25.82. 903,894 shares of the company’s stock traded hands, compared to its average volume of 513,523. Upbound Group, Inc. has a 1 year low of $24.15 and a 1 year high of $38.72. The company has a market capitalization of $1.48 billion, a P/E ratio of 11.68 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. The firm’s 50-day moving average is $28.61 and its 200 day moving average is $30.35.

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

Hedge Funds Weigh In On Upbound Group

A number of large investors have recently modified their holdings of UPBD. Wellington Management Group LLP lifted its stake in Upbound Group by 2,864.5% in the 3rd quarter. Wellington Management Group LLP now owns 405,569 shares of the company’s stock worth $12,974,000 after purchasing an additional 391,888 shares in the last quarter. Kennedy Capital Management LLC purchased a new stake in shares of Upbound Group in the fourth quarter worth $10,214,000. Marshall Wace LLP boosted its stake in Upbound Group by 333.9% during the fourth quarter. Marshall Wace LLP now owns 350,949 shares of the company’s stock valued at $10,237,000 after buying an additional 270,064 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Upbound Group during the fourth quarter worth about $5,201,000. Finally, Victory Capital Management Inc. increased its stake in Upbound Group by 171.9% in 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 during the last quarter. 90.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UPBD. TD Cowen raised shares of Upbound Group to a “strong-buy” rating in a research report on Friday, November 29th. Stephens assumed coverage on Upbound Group in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price objective on the stock. Finally, Loop Capital lowered their target price on Upbound Group from $33.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Upbound Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

About Upbound Group

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.