Loop Capital Has Lowered Expectations for Upbound Group (NASDAQ:UPBD) Stock Price

Upbound Group (NASDAQ:UPBD) had its price objective cut by stock analysts at Loop Capital from $33.00 to $30.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. Loop Capital’s target price would indicate a potential upside of 12.95% from the stock’s current price.

UPBD has been the topic of several other reports. Stephens initiated coverage on Upbound Group in a report on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price objective on the stock. TD Cowen upgraded Upbound Group to a “strong-buy” rating in a report on Friday, November 29th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

Upbound Group Price Performance

NASDAQ:UPBD opened at $26.56 on Friday. Upbound Group has a 52 week low of $26.29 and a 52 week high of $38.72. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $1.45 billion, a PE ratio of 12.02 and a beta of 2.05. The stock’s 50-day moving average price is $29.50 and its 200-day moving average price is $30.77.

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

Insider Activity

In other news, Director Jeffrey J. Brown bought 1,146 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were bought at an average price of $29.01 per share, with a total value of $33,245.46. Following the completion of the transaction, the director now directly owns 86,380 shares in the company, valued at $2,505,883.80. This trade represents a 1.34 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Institutional Trading of Upbound Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UPBD. PharVision Advisers LLC acquired a new position in shares of Upbound Group in the fourth quarter worth $314,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Upbound Group by 18.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,151 shares of the company’s stock worth $4,088,000 after acquiring an additional 21,568 shares in the last quarter. Voloridge Investment Management LLC grew its stake in shares of Upbound Group by 101.7% in the fourth quarter. Voloridge Investment Management LLC now owns 147,893 shares of the company’s stock worth $4,314,000 after acquiring an additional 74,565 shares in the last quarter. Vident Advisory LLC acquired a new position in shares of Upbound Group in the fourth quarter worth $480,000. Finally, Twinbeech Capital LP acquired a new position in shares of Upbound Group during the fourth quarter worth $1,341,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

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.