Ubiquiti (NYSE:UI) PT Lowered to $207.00 at Barclays

Ubiquiti (NYSE:UI – Get Rating) had its target price lowered by stock analysts at Barclays from $266.00 to $207.00 in a research note issued on Sunday, The Fly reports. Barclays‘s target price suggests a potential upside of 7.59% from the company’s previous close.

Separately, StockNews.com began coverage on Ubiquiti in a research report on Thursday, March 16th. They set a “hold” rating for the company.

Ubiquiti Trading Down 4.5 %

Shares of NYSE:UI opened at $192.40 on Friday. The stock has a market capitalization of $11.63 billion, a P/E ratio of 29.33 and a beta of 1.27. Ubiquiti has a 1-year low of $192.09 and a 1-year high of $350.63. The business has a 50-day moving average price of $254.00 and a two-hundred day moving average price of $270.05.

Ubiquiti (NYSE:UI – Get Rating) last posted its earnings results on Friday, February 3rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.12. The company had revenue of $493.57 million during the quarter, compared to analyst estimates of $523.65 million. Ubiquiti had a negative return on equity of 107.88% and a net margin of 19.42%. As a group, equities analysts predict that Ubiquiti will post 7.24 EPS for the current year.

Institutional Trading of Ubiquiti

Several large investors have recently modified their holdings of the stock. Bridgewater Associates LP acquired a new stake in Ubiquiti in the first quarter valued at about $10,124,000. Jane Street Group LLC raised its position in shares of Ubiquiti by 115.8% during the second quarter. Jane Street Group LLC now owns 4,705 shares of the company’s stock worth $1,168,000 after acquiring an additional 34,535 shares during the last quarter. Norges Bank bought a new stake in Ubiquiti in the fourth quarter worth approximately $8,855,000. Millennium Management LLC increased its holdings in Ubiquiti by 325.7% in the fourth quarter. Millennium Management LLC now owns 40,877 shares of the company’s stock worth $11,181,000 after purchasing an additional 31,274 shares in the last quarter. Finally, SW Investment Management LLC increased its holdings in Ubiquiti by 18.2% in the first quarter. SW Investment Management LLC now owns 130,000 shares of the company’s stock worth $37,850,000 after purchasing an additional 20,000 shares in the last quarter. 3.59% of the stock is owned by institutional investors and hedge funds.

About Ubiquiti

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Ubiquiti, Inc is focused on democratizing network technology on a global scale. It sells networking equipment and provides related software platforms. The firm develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use.