In yesterday’s Wall Street session, Upbound Group Inc. (NASDAQ:UPBD) shares traded at $24.84, down -3.80% from the previous session.
As of this writing, 8 analysts cover Upbound Group Inc. (NASDAQ:UPBD). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $27.00, we find $30.50. Given the previous closing price of $25.82, this indicates a potential upside of 18.13 percent. UPBD stock price is now -5.07% away from the 50-day moving average and 3.31% away from the 200-day moving average. The market capitalization of the company currently stands at $1.42B.
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There are 3 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $32.00 as their price target over the next twelve months.
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Insiders disposed of 16,311 shares of company stock worth roughly $0.41 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UPBD stock. A new stake in Upbound Group Inc. shares was purchased by ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $12,724,000. ALYESKA INVESTMENT GROUP, L.P. invested $11,088,000 in shares of UPBD during the first quarter. In the first quarter, PHILADELPHIA FINANCIAL MANAGEMENT OF SAN FRANCISCO, LLC acquired a new stake in Upbound Group Inc. valued at approximately $10,564,000. KETTLE HILL CAPITAL MANAGEMENT, LLC acquired a new stake in UPBD for approximately $7,018,000. REDWOOD INVESTMENT MANAGEMENT, LLC purchased a new stake in UPBD valued at around $3,194,000 in the second quarter.
Monday morning saw Upbound Group Inc. (NASDAQ: UPBD) opened at $25.31. During the past 12 months, Upbound Group Inc. has had a low of $16.82 and a high of $31.91. The fifty day moving average price for UPBD is $26.17 and a two-hundred day moving average price translates $24.04 for the stock.
The net profit margin was 0.30% and return on equity was 2.30% for UPBD. The company reported revenue of $990.46 million for the quarter, compared to $1.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.45 percent.
Moreover, the firm recently paid out its quarterly dividend on 01/10/2023. Investors who held shares on 12/20/2022 were paid a $0.34 dividend. On an annualized basis, this represents a $1.36 dividend and a 5.48% percent yield. There was an ex-dividend date of 12/19/2022 for this dividend. In terms of dividend payout ratio, UPBD is presently at 584.30%.
