Ubiquiti (NYSE:UI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ubiquiti (NYSE:UI) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

Several other research analysts have also commented on UI. Weiss Ratings reissued a “hold (c+)” rating on shares of Ubiquiti in a research report on Monday, December 29th. Zacks Research upgraded Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. BWS Financial reissued a “buy” rating and set a $720.00 price target on shares of Ubiquiti in a research report on Thursday, January 15th. Finally, Barclays upped their price target on Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Ubiquiti has a consensus rating of “Moderate Buy” and an average price target of $615.67.

Ubiquiti Stock Up 14.4%

Shares of UI stock opened at $711.97 on Friday. Ubiquiti has a fifty-two week low of $255.00 and a fifty-two week high of $803.59. The firm’s 50 day moving average price is $566.75 and its two-hundred day moving average price is $582.86. The stock has a market cap of $43.07 billion, a price-to-earnings ratio of 48.50 and a beta of 1.40.

Ubiquiti (NYSE:UI) last released its quarterly earnings data on Friday, February 6th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.80. The company had revenue of $814.87 million during the quarter, compared to analyst estimates of $716.95 million. Ubiquiti had a net margin of 29.90% and a return on equity of 129.52%. The business’s quarterly revenue was up 35.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.28 earnings per share. On average, equities analysts forecast that Ubiquiti will post 7.21 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, February 17th. Ubiquiti’s dividend payout ratio is presently 21.80%.

Insider Buying and Selling at Ubiquiti

In other news, CAO Kevin Radigan sold 350 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $576.58, for a total transaction of $201,803.00. Following the completion of the sale, the chief accounting officer owned 2,768 shares of the company’s stock, valued at approximately $1,595,973.44. This trade represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 93.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in shares of Ubiquiti by 87.5% in the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock worth $25,000 after purchasing an additional 21 shares during the last quarter. Cherry Tree Wealth Management LLC bought a new position in shares of Ubiquiti during the third quarter worth about $33,000. Quarry LP acquired a new position in Ubiquiti in the third quarter worth about $34,000. Cullen Frost Bankers Inc. increased its holdings in Ubiquiti by 1,075.0% in the second quarter. Cullen Frost Bankers Inc. now owns 94 shares of the company’s stock valued at $39,000 after buying an additional 86 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Ubiquiti by 31.0% during the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock valued at $50,000 after buying an additional 18 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors.

Ubiquiti Company Profile

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.