Ubiquiti (NYSE:UI) Given “Buy” Rating at BWS Financial

Ubiquiti (NYSE:UI)‘s stock had its “buy” rating reiterated by equities researchers at BWS Financial in a research note issued on Tuesday,Benzinga reports. They presently have a $720.00 price target on the stock. BWS Financial’s target price would indicate a potential upside of 23.51% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Barclays increased their price target on Ubiquiti from $299.00 to $455.00 and gave the company an “underweight” rating in a research report on Tuesday. UBS Group set a $600.00 target price on shares of Ubiquiti in a report on Monday, August 25th. Weiss Ratings raised shares of Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Zacks Research downgraded shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $591.67.

Ubiquiti Trading Down 1.1%

UI stock traded down $6.50 on Tuesday, hitting $582.93. 80,819 shares of the company’s stock traded hands, compared to its average volume of 133,357. The stock has a market cap of $35.27 billion, a price-to-earnings ratio of 49.53 and a beta of 1.50. Ubiquiti has a 1-year low of $255.00 and a 1-year high of $803.59. The stock has a fifty day moving average of $672.98 and a 200-day moving average of $506.64.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, November 7th. The company reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.98. The company had revenue of $733.77 million for the quarter, compared to analysts’ expectations of $702.38 million. Ubiquiti had a return on equity of 166.22% and a net margin of 27.66%. On average, equities research analysts anticipate that Ubiquiti will post 7.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ubiquiti

Hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group increased its holdings in shares of Ubiquiti by 78.8% during the 1st quarter. Brooklyn Investment Group now owns 93 shares of the company’s stock worth $29,000 after purchasing an additional 41 shares during the period. Cullen Frost Bankers Inc. increased its stake in Ubiquiti by 1,075.0% during the second quarter. Cullen Frost Bankers Inc. now owns 94 shares of the company’s stock valued at $39,000 after acquiring an additional 86 shares during the period. Main Street Group LTD acquired a new position in Ubiquiti in the 2nd quarter valued at approximately $41,000. Exchange Traded Concepts LLC lifted its position in shares of Ubiquiti by 31.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock worth $50,000 after acquiring an additional 18 shares during the period. Finally, Iron Horse Wealth Management LLC bought a new stake in shares of Ubiquiti in the 2nd quarter worth approximately $54,000. 4.00% of the stock is currently owned by institutional investors.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.