Following these transactions, Brown's direct and indirect holdings in Upbound Group stand at 124,614 shares. InvestingPro data shows the company maintains a "Fair" overall financial health score, with liquid assets exceeding short-term obligations. Discover more insights and 7 additional ProTips about UPBD with an InvestingPro subscription. InvestingPro data shows the company maintains a "Fair" overall financial health score, with liquid assets exceeding short-term obligations. Discover more insights and 7 additional ProTips about UPBD with an InvestingPro subscription.
Following these transactions, Brown's direct and indirect holdings in Upbound Group stand at 124,614 shares. InvestingPro data shows the company maintains a "Fair" overall financial health score, with liquid assets exceeding short-term obligations. Discover more insights and 7 additional ProTips about UPBD with an InvestingPro subscription.
Following these transactions, Brown's direct and indirect holdings in Upbound Group stand at 124,614 shares.
In other recent news, Upbound Group has made significant strides with its recent acquisition of Brigit, a financial health technology company. The deal, valued at $460 million, is anticipated to contribute between $70 million and $80 million to Upbound's EBITDA by 2026. Stephens reaffirmed its positive stance on Upbound Group, maintaining an Overweight rating in response to the acquisition.
The acquisition of Brigit, which operates a subscription service leveraging artificial intelligence to improve consumers' financial well-being, is expected to diversify and fuel growth for Upbound. Projected revenues for Brigit by 2025 are estimated between $215 million to $230 million, with an adjusted EBITDA forecasted to be between $25 million and $30 million.
In other developments, Upbound Group reported steady performance in its Q3 2024 Earnings Call, with revenues nearing $1.1 billion. The company also highlighted its strategic partnerships with major retailers like Amazon (NASDAQ:AMZN) and Walmart (NYSE:WMT). Despite facing challenges such as increased charge-off rates and a decline in gross margin, 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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