Ubiquiti (NYSE:UI) Given “Buy” Rating at BWS Financial

Ubiquiti (NYSE:UI)‘s stock had its “buy” rating restated by research analysts at BWS Financial in a research note issued on Wednesday,Benzinga reports. They presently have a $980.00 price target on the stock. BWS Financial’s price objective would suggest a potential upside of 85.26% from the company’s current price.

A number of other research analysts have also recently commented on the stock. Barclays increased their target price on shares of Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a report on Monday, May 11th. Zacks Research cut shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings downgraded shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Finally, Wall Street Zen lowered shares of Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $750.67.

Ubiquiti Trading Up 0.6%

NYSE UI traded up $3.16 during midday trading on Wednesday, hitting $528.98. The company had a trading volume of 5,420 shares, compared to its average volume of 114,341. Ubiquiti has a twelve month low of $380.00 and a twelve month high of $1,099.99. The company has a market capitalization of $32.01 billion, a PE ratio of 33.78 and a beta of 1.31. The firm has a 50-day moving average price of $645.62 and a 200-day moving average price of $692.51.

Ubiquiti (NYSE:UI) last issued its quarterly earnings results on Friday, May 8th. The company reported $3.88 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The firm had revenue of $788.20 million for the quarter, compared to the consensus estimate of $814.30 million. The firm’s revenue was up 18.7% on a year-over-year basis. On average, equities analysts anticipate that Ubiquiti will post 14.82 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of UI. Corient Private Wealth LLC raised its stake in Ubiquiti by 73,940.4% during the 4th quarter. Corient Private Wealth LLC now owns 1,113,568 shares of the company’s stock worth $616,193,000 after buying an additional 1,112,064 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Ubiquiti by 11.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 183,464 shares of the company’s stock valued at $101,520,000 after acquiring an additional 19,504 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Ubiquiti by 244.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 155,916 shares of the company’s stock worth $88,815,000 after purchasing an additional 110,632 shares during the last quarter. Morgan Stanley grew its holdings in shares of Ubiquiti by 7.7% in the fourth quarter. Morgan Stanley now owns 102,022 shares of the company’s stock valued at $56,454,000 after acquiring an additional 7,338 shares in the last quarter. Finally, Capital World Investors increased its position in shares of Ubiquiti by 16.2% during the 4th quarter. Capital World Investors now owns 100,056 shares of the company’s stock valued at $55,366,000 after purchasing an additional 13,970 shares during the last quarter. 4.00% of the stock is 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.