Upbound Group Inc (NASDAQ:UPBD) shares traded 0.60% higher at $35.21 on Wall Street last session.
UPBD stock price is now 5.20% away from the 50-day moving average and 11.93% away from the 200-day moving average. The market capitalization of the company currently stands at $1.92B.
With the price target of $43, TD Cowen recently initiated with Outperform rating for Upbound Group Inc (NASDAQ: UPBD).
In other news, Blasquez Anthony J, EVP-RAC sold 12,485 shares of the company’s stock on Mar 14 ’24. The stock was sold for $414,252 at an average price of $33.18. Upon completion of the transaction, the EVP-RAC now directly owns 58,967 shares in the company, valued at $2.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28 ’24, EVP, Acima Montrone Ralph T. sold 30,000 shares of the business’s stock. A total of $1,004,400 was realized by selling the stock at an average price of $33.48. This leaves the insider owning 55,074 shares of the company worth $1.94 million. A total of 11.94% of the company’s stock is owned by insiders.
During the past 12 months, Upbound Group Inc has had a low of $22.50 and a high of $36.17. As of last week, the company has a debt-to-equity ratio of 2.86, a current ratio of 2.46, and a quick ratio of 0.42. The fifty day moving average price for UPBD is $33.47 and a two-hundred day moving average price translates $31.46 for the stock.
The latest earnings results from Upbound Group Inc (NASDAQ: UPBD) was released for Dec, 2023. According to the Software – Application Company, earnings per share came in at $0.81, beating analysts’ expectations of $0.77 by 0.04. This compares to $0.06 EPS in the same period last year. The net profit margin was -0.13% and return on equity was -0.95% for UPBD. The company reported revenue of $1.02 billion for the quarter, compared to $990.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.79 percent. For the current quarter, analysts expect UPBD to generate $1.05B in revenue.
