Ubiquiti (NYSE:UI) Sees Large Volume Increase – What’s Next?

Ubiquiti Inc. (NYSE:UI) saw unusually-strong trading volume on Friday . Approximately 107,762 shares traded hands during mid-day trading, a decline of 3% from the previous session’s volume of 111,666 shares.The stock last traded at $522.50 and had previously closed at $573.87.

Wall Street Analyst Weigh In

UI has been the topic of several research reports. BWS Financial reissued a “buy” rating and set a $980.00 price objective on shares of Ubiquiti in a report on Wednesday, July 8th. Wall Street Zen downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Barclays upped their target price on Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a report on Monday, May 11th. Zacks Research cut Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Finally, Weiss Ratings downgraded Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $750.67.

Ubiquiti Trading Down 6.3%

The company has a market cap of $32.54 billion, a PE ratio of 34.55 and a beta of 1.31. The firm’s 50-day simple moving average is $553.35 and its two-hundred day simple moving average is $690.80.

Hedge Funds Weigh In On Ubiquiti

Several hedge funds and other institutional investors have recently bought and sold shares of UI. M&T Bank Corp increased its stake in shares of Ubiquiti by 7,845.7% in the fourth quarter. M&T Bank Corp now owns 98,527 shares of the company’s stock worth $54,520,000 after acquiring an additional 97,287 shares during the period. Militia Capital Management LLC acquired a new stake in shares of Ubiquiti during the 1st quarter valued at about $1,581,000. Diversify Advisory Services LLC purchased a new stake in shares of Ubiquiti in the second quarter valued at approximately $1,526,000. Diversify Wealth Management LLC purchased a new stake in Ubiquiti in the 1st quarter worth $2,173,000. Finally, Hsbc Holdings PLC increased its stake in shares of Ubiquiti by 112.5% during the fourth quarter. Hsbc Holdings PLC now owns 4,138 shares of the company’s stock worth $2,290,000 after purchasing an additional 2,191 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

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.