Following these transactions, Brown’s direct and indirect holdings in Upbound Group total 124,614 shares. InvestingPro data shows the company maintains a “decent” overall financial health score, with liquid assets exceeding current liabilities. Discover more insights and 7 additional expert tips on UPBD with a subscription to InvestingPro. InvestingPro data shows the company maintains a “decent” overall financial health score, with liquid assets exceeding current liabilities. Discover more insights and 7 additional expert tips on UPBD with a subscription to InvestingPro.
Following these transactions, Brown’s direct and indirect holdings in Upbound Group total 124,614 shares. InvestingPro data shows the company maintains a “decent” overall financial health score, with liquid assets exceeding current liabilities. Discover more insights and 7 additional expert tips on UPBD with a subscription to InvestingPro.
Following these transactions, Brown’s direct and indirect holdings in Upbound Group total 124,614 shares.
In other recent news, Upbound Group made significant strides with its recent acquisition of Brigit, a financial health technology company. The $460 million deal is expected to contribute between $70 million and $80 million to Upbound’s EBITDA through 2026. Stephens reaffirmed his positive view on Upbound Group, maintaining an Overweight rating in response to the acquisition.
The acquisition of Brigit, which operates a subscription service that uses artificial intelligence to improve consumers’ financial well-being, is expected to diversify and drive growth for Upbound. Projected revenues for Brigit through 2025 are estimated between $215 million and $230 million, with projected adjusted EBITDA between $25 million and $30 million.
In other developments, Upbound Group reported flat performance in its Q3 2024 Earnings Call, with revenues close to $1.1 billion. The company also highlighted its strategic partnerships with major retailers such as Amazon (NASDAQ: ) and Walmart (NYSE: ). Despite challenges such as increased churn rates and declining gross margins, Upbound Group remains focused on customer retention and digital enhancements. These recent developments underscore the company’s commitment to growth and innovation.
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