Ubiquiti Networks Inc (NASDAQ:UBNT) has earned an average rating of “Buy” from the nine analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $78.35.

A number of brokerages have recently issued reports on UBNT. BidaskClub lowered shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 1st. Zacks Investment Research raised shares of Ubiquiti Networks from a “hold” rating to a “strong-buy” rating and set a $103.00 target price for the company in a research note on Thursday, August 30th. BMO Capital Markets reissued a “hold” rating on shares of Ubiquiti Networks in a research note on Friday, August 24th. Credit Suisse Group set a $79.00 target price on shares of Ubiquiti Networks and gave the company a “hold” rating in a research note on Monday, August 27th. Finally, ValuEngine lowered shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 26th.

Shares of UBNT opened at $98.40 on Friday. The firm has a market cap of $7.30 billion, a PE ratio of 26.89, a P/E/G ratio of 1.56 and a beta of 1.16. Ubiquiti Networks has a 12-month low of $49.40 and a 12-month high of $100.48. The company has a quick ratio of 7.96, a current ratio of 8.87 and a debt-to-equity ratio of 1.46.

Ubiquiti Networks (NASDAQ:UBNT) last issued its earnings results on Friday, August 24th. The Wireless communications provider reported $1.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.01. The firm had revenue of $269.80 million during the quarter, compared to analyst estimates of $256.03 million. Ubiquiti Networks had a net margin of 19.30% and a return on equity of 69.24%. The business’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 earnings per share. analysts predict that Ubiquiti Networks will post 3.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Tuesday, September 4th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 31st. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. Ubiquiti Networks’s payout ratio is currently 27.32%.

In related news, VP Benjamin Moore sold 100,000 shares of Ubiquiti Networks stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $87.91, for a total value of $8,791,000.00. Following the completion of the sale, the vice president now directly owns 673,206 shares in the company, valued at $59,181,539.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 72.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in UBNT. Millennium Management LLC bought a new stake in shares of Ubiquiti Networks in the second quarter valued at about $15,342,000. BlackRock Inc. raised its holdings in shares of Ubiquiti Networks by 8.3% in the first quarter. BlackRock Inc. now owns 1,601,726 shares of the Wireless communications provider’s stock valued at $110,198,000 after acquiring an additional 123,254 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Ubiquiti Networks in the second quarter valued at about $9,607,000. SG Americas Securities LLC raised its holdings in shares of Ubiquiti Networks by 2,104.9% in the second quarter. SG Americas Securities LLC now owns 79,267 shares of the Wireless communications provider’s stock valued at $6,716,000 after acquiring an additional 75,672 shares in the last quarter. Finally, BlueMountain Capital Management LLC bought a new stake in shares of Ubiquiti Networks in the second quarter valued at about $5,383,000. Hedge funds and other institutional investors own 26.05% of the company’s stock.

Ubiquiti Networks Company Profile

Ubiquiti Networks, Inc develops networking technology for service providers, enterprises, and consumers. It focuses on three principal technologies, including high-capacity distributed Internet access, unified information technology, and consumer electronics for home and personal use. The company's service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.

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