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

Ubiquiti (NYSE:UI - Get Free Report)'s stock had its "buy" rating restated by research analysts at BWS Financial in a research note issued on Tuesday, Benzinga reports. They currently have a $980.00 price objective on the stock. BWS Financial's price target suggests a potential upside of 61.64% from the stock's current price.

Several other equities research analysts have also issued reports on UI. Zacks Research raised shares of Ubiquiti from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 18th. Barclays reduced their price objective on shares of Ubiquiti from $672.00 to $489.00 and set an "underweight" rating on the stock in a research note on Monday, August 24th. Finally, Weiss Ratings downgraded shares of Ubiquiti from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $734.50.

Ubiquiti Trading Down 0.6%

Shares of NYSE:UI traded down $3.36 during midday trading on Tuesday, hitting $606.28. The stock had a trading volume of 47,336 shares, compared to its average volume of 120,588. The company has a market capitalization of $36.70 billion, a PE ratio of 38.25 and a beta of 1.30. The stock has a 50 day moving average price of $569.19 and a two-hundred day moving average price of $660.88. Ubiquiti has a 1 year low of $500.23 and a 1 year high of $1,099.99.

Ubiquiti (NYSE:UI - Get Free Report) last announced its earnings results on Friday, August 21st. The company reported $4.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.03 by $0.70. The company had revenue of $937.32 million during the quarter, compared to analysts' expectations of $850.50 million. Ubiquiti had a net margin of 29.33% and a return on equity of 85.57%. During the same quarter in the previous year, the business posted $4.41 earnings per share. As a group, equities analysts expect that Ubiquiti will post 16.94 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Ubiquiti by 20.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 145 shares of the company's stock valued at $115,000 after acquiring an additional 25 shares during the period. Vision Retirement LLC acquired a new stake in shares of Ubiquiti in the first quarter valued at approximately $25,000. Assetmark Inc. raised its holdings in shares of Ubiquiti by 0.9% in the first quarter. Assetmark Inc. now owns 4,631 shares of the company's stock valued at $3,660,000 after purchasing an additional 40 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of Ubiquiti by 6.2% in the second quarter. Wedmont Private Capital now owns 771 shares of the company's stock valued at $425,000 after purchasing an additional 45 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Ubiquiti by 2.7% in the fourth quarter. CIBC Asset Management Inc now owns 1,964 shares of the company's stock valued at $1,087,000 after purchasing an additional 52 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Ubiquiti Company Profile

Ubiquiti Inc develops and sells networking technology for businesses, service providers and consumers worldwide. The company designs products intended to deliver wireless connectivity, network management, security and other communications capabilities, with an emphasis on scalable and easy-to-deploy solutions.

Its product portfolio includes wireless access points, routers, switches, gateways, broadband wireless equipment, network management software, video surveillance systems, security and access-control products, and smart-home devices.