Ubiquiti (NYSE:UI) Rating Increased to Hold at StockNews.com

Ubiquiti (NYSE:UI) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Other equities research analysts have also recently issued research reports about the stock. Barclays lowered their target price on shares of Ubiquiti from $105.00 to $93.00 and set an “underweight” rating on the stock in a report on Monday, February 12th. BWS Financial reiterated a “buy” rating and set a $160.00 price objective on shares of Ubiquiti in a research note on Monday, April 8th.

Ubiquiti Stock Performance

Shares of NYSE:UI opened at $106.67 on Thursday. The company has a market capitalization of $6.45 billion, a P/E ratio of 17.32 and a beta of 1.23. The company’s 50-day moving average is $115.24 and its 200 day moving average is $121.01. Ubiquiti has a fifty-two week low of $103.00 and a fifty-two week high of $246.54.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Signaturefd LLC raised its stake in Ubiquiti by 201.5% during the third quarter. Signaturefd LLC now owns 202 shares of the company’s stock valued at $29,000 after buying an additional 135 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Ubiquiti by 435.0% during 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 in the last quarter. Parallel Advisors LLC raised its position in shares of Ubiquiti by 116.5% in the 4th quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock worth $31,000 after purchasing an additional 120 shares during the last quarter. Money Concepts Capital Corp boosted its stake in Ubiquiti by 294.1% in the 4th 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. Finally, MetLife Investment Management LLC grew its position in Ubiquiti by 70.1% during the 2nd quarter. MetLife Investment Management LLC now owns 228 shares of the company’s stock valued at $40,000 after purchasing an additional 94 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors.

About Ubiquiti

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.