Upbound Group (NASDAQ:UPBD) Cut to Hold at Wall Street Zen

Key Points

• Upbound Group has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, amid varying opinions from analysts on the company's stock.
• The stock price of Upbound Group decreased by 4.0%, with its current trading price at $20.43 after reaching a 12-month high of $36.00 earlier.
• Upbound Group recently reported a quarterly earnings EPS of $1.12, surpassing estimates, and has set guidance for FY 2025 EPS in the range of 4.050-4.40.

Upbound Group (NASDAQ:UPBD - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

A number of other analysts have also commented on UPBD. Weiss Ratings restated a "hold (c)" rating on shares of Upbound Group in a research note on Wednesday. Loop Capital upgraded shares of Upbound Group from a "hold" rating to a "buy" rating and set a $36.00 price target for the company in a research note on Monday, September 15th. Finally, BTIG Research restated a "buy" rating and set a $40.00 price target on shares of Upbound Group in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $37.25.

Upbound Group Stock Down 4.0%

Upbound Group stock opened at $20.43 on Friday. The company has a quick ratio of 0.83, a current ratio of 3.11 and a debt-to-equity ratio of 2.29. Upbound Group has a 12-month low of $19.65 and a 12-month high of $36.00. The firm's fifty day moving average is $24.11 and its 200 day moving average is $23.88. The company has a market capitalization of $1.18 billion, a PE ratio of 11.48 and a beta of 1.77.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. Upbound Group's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 EPS. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. As a group, sell-side analysts predict that Upbound Group will post 4.28 EPS for the current fiscal year.

Insider Activity

In other news, EVP Ralph T. Montrone sold 6,000 shares of the company's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $25.23, for a total value of $151,380.00. Following the completion of the sale, the executive vice president owned 49,123 shares in the company, valued at $1,239,373.29. This represents a 10.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by insiders.

Institutional Trading of Upbound Group

Several institutional investors have recently made changes to their positions in the company. Beacon Financial Group bought a new position in Upbound Group during the third quarter valued at about $1,793,000. GAMMA Investing LLC grew its position in Upbound Group by 44.7% during the third quarter. GAMMA Investing LLC now owns 3,787 shares of the company's stock valued at $89,000 after buying an additional 1,170 shares during the period. Texas Permanent School Fund Corp grew its position in Upbound Group by 8.2% during the second quarter. Texas Permanent School Fund Corp now owns 231,378 shares of the company's stock valued at $5,808,000 after buying an additional 17,621 shares during the period. Osaic Holdings Inc. grew its position in Upbound Group by 175.3% during the second quarter. Osaic Holdings Inc. now owns 14,011 shares of the company's stock valued at $352,000 after buying an additional 8,922 shares during the period. Finally, Squarepoint Ops LLC bought a new position in Upbound Group during the second quarter valued at about $1,463,000. Institutional investors own 90.30% of the company's stock.

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.

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