Ubiquiti (NYSE:UI) Earns “Buy” Rating from BWS Financial

Ubiquiti (NYSE:UI)‘s stock had its “buy” rating reiterated by investment analysts at BWS Financial in a research report issued on Monday, Benzinga reports. They presently have a $160.00 target price on the stock. BWS Financial’s target price suggests a potential upside of 35.28% from the stock’s current price.

UI has been the topic of several other reports. StockNews.com raised Ubiquiti from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Barclays cut their target price on Ubiquiti from $105.00 to $93.00 and set an “underweight” rating on the stock in a research report on Monday, February 12th.

Ubiquiti Stock Up 5.6 %

UI stock opened at $118.27 on Monday. Ubiquiti has a 52-week low of $103.00 and a 52-week high of $269.40. The stock’s fifty day simple moving average is $118.13 and its 200-day simple moving average is $122.62. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 19.20 and a beta of 1.23.

Ubiquiti (NYSE:UI) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.57). Ubiquiti had a negative return on equity of 392.74% and a net margin of 19.83%. The business had revenue of $464.95 million for the quarter, compared to analyst estimates of $488.56 million. As a group, analysts anticipate that Ubiquiti will post 6.5 earnings per share for the current fiscal year.

Institutional Trading of Ubiquiti

A number of hedge funds and other institutional investors have recently modified their holdings of UI. Money Concepts Capital Corp grew its stake in Ubiquiti by 294.1% in the fourth quarter. Money Concepts Capital Corp now owns 134 shares of the company’s stock worth $37,000 after purchasing an additional 100 shares in the last quarter. Fred Alger Management LLC boosted its stake in Ubiquiti by 239.3% in the fourth quarter. Fred Alger Management LLC now owns 190 shares of the company’s stock valued at $52,000 after acquiring an additional 134 shares during the period. Signaturefd LLC boosted its stake in Ubiquiti by 201.5% in the third quarter. Signaturefd LLC now owns 202 shares of the company’s stock valued at $29,000 after acquiring an additional 135 shares during the period. Quadrant Capital Group LLC boosted its stake in Ubiquiti by 435.0% in the fourth quarter. Quadrant Capital Group LLC now owns 214 shares of the company’s stock valued at $30,000 after acquiring an additional 174 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Ubiquiti by 116.5% in the fourth quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock valued at $31,000 after acquiring an additional 120 shares during the period. 4.00% of the stock is owned by hedge funds and other 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.