Upbound Group Inc. (NASDAQ: UPBD) stock jumped 0.19% on Tuesday to $31.50 against a previous-day closing price of $31.44. With 0.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.53 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $32.33 whereas the lowest price it dropped to was $31.34. The 52-week range on UPBD shows that it touched its highest point at $33.00 and its lowest point at $16.82 during that stretch. It currently has a 1-year price target of $36.25. With its current market cap of 1.82 billion, UPBD has annualized dividend of $1.36 while the current yield stands at 4.32%. Beta for the stock currently stands at 1.75.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UPBD was up-trending over the past week, with a rise of 0.03%, but this was up by 34.62% over a month. Three-month performance surged to 16.24% while six-month performance rose 43.90%. The stock gained 26.05% in the past year, while it has gained 39.69% so far this year. A look at the trailing 12-month EPS for UPBD yields 1.11 with Next year EPS estimates of 3.46. For the next quarter, that number is 0.74. This implies an EPS growth rate of -89.60% for this year and 13.72% for next year. EPS is expected to grow by 30.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 16.70%.
Float and Shares Shorts:
At present, 55.16 million UPBD shares are outstanding with a float of 49.52 million shares on hand for trading. On Apr 27, 2023, short shares totaled 5.04 million, which was 9.02% higher than short shares on Mar 30, 2023. In addition to Mr. Mitchell E. Fadel as the firm’s CEO & Director, Mr. Fahmi Karam serves as its Exec. VP & CFO.
Institutional Ownership:
Through their ownership of 89.52% of UPBD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.53% of UPBD, in contrast to 32.05% held by mutual funds. Shares owned by individuals account for 15.20%. As the largest shareholder in UPBD with 14.19% of the stake, Fidelity Management & Research Co holds 7,905,231 shares worth 7,905,231. A second-largest stockholder of UPBD, BlackRock Fund Advisors, holds 7,387,182 shares, controlling over 13.26% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in UPBD, holding 5,598,992 shares or 10.05% stake. With a 6.53% stake in UPBD, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 3,637,489 shares are owned by the mutual fund manager. The Fidelity Small Cap Value Fund, which owns about 5.66% of UPBD stock, is the second-largest Mutual Fund holder. It holds 3,155,100 shares valued at 84.11 million. Fidelity Value Fund holds 3.02% of the stake in UPBD, owning 1,684,874 shares worth 44.92 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, UPBD reported revenue of $1.07B and operating income of $58.08M. The EBITDA in the recently reported quarter was $71.05M and diluted EPS was $0.33.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UPBD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With UPBD analysts setting a high price target of $50.00 and a low target of $30.00, the average target price over the next 12 months is $36.50. Based on these targets, UPBD could surge 58.73% to reach the target high and fall by -4.76% to reach the target low. Reaching the average price target will result in a growth of 15.87% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, UPBD has a current ratio of $1.36, which is $1.36 over the trailing 12-months, while a dividend of $1.02 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and UPBD currently yields $4.32. In the past year, UPBD’s dividend yield has been $4.32, but when looking at the stock over the past five years, its yield has been $3.34. Accordingly, UPBD has a current buyback yield of $4.46. This was $4.46 for the TTM, and it was $6.67 for the past five years.
Summary of Insider Activity:
Insiders traded UPBD stock several times over the past three months with 0 Buys and 14 Sells. In these transactions, 0 shares were bought while 35,143 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 311,770 while 58,473 shares were sold.
