Zacks Research Upgrades Ubiquiti (NYSE:UI) to “Strong-Buy”

Ubiquiti (NYSE:UI) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on UI. Weiss Ratings cut Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Wall Street Zen lowered Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Barclays upped their price objective on Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research report on Monday, May 11th. Finally, BWS Financial reiterated a “buy” rating and set a $980.00 price objective on shares of Ubiquiti in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $750.67.

Ubiquiti Stock Performance

Shares of UI opened at $545.69 on Thursday. The firm has a market cap of $33.02 billion, a P/E ratio of 35.07 and a beta of 1.31. Ubiquiti has a twelve month low of $380.00 and a twelve month high of $1,099.99. The firm’s 50 day moving average price is $576.75 and its two-hundred day moving average price is $690.20.

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

Hedge Funds Weigh In On Ubiquiti

Large investors have recently modified their holdings of the business. Tudor Investment Corp ET AL raised its stake in shares of Ubiquiti by 2,268.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 20,271 shares of the company’s stock worth $13,391,000 after purchasing an additional 19,415 shares in the last quarter. M&T Bank Corp grew 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 valued at $54,520,000 after buying an additional 97,287 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Ubiquiti by 244.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 155,916 shares of the company’s stock valued at $88,815,000 after buying an additional 110,632 shares in the last quarter. Hussman Strategic Advisors Inc. increased its holdings in Ubiquiti by 100.0% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 8,400 shares of the company’s stock worth $4,648,000 after buying an additional 4,200 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in 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 acquiring an additional 2,191 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

About Ubiquiti

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.