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

Key Points

• BWS Financial reaffirmed its “buy” rating on Ubiquiti and set a $980 price target, implying 68.13% upside from the prior close.
• Analyst sentiment remains mixed: Ubiquiti has an overall “hold” consensus rating and an average target price of $734.50, following recent downgrades from Zacks Research, Barclays and Weiss Ratings.
• Ubiquiti reported quarterly EPS of $4.73 and revenue of $937.32 million, exceeding analyst estimates of $4.03 EPS and $850.50 million in revenue.

Ubiquiti (NYSE:UI - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at BWS Financial in a research note issued to investors on Thursday,Benzinga reports. They currently have a $980.00 target price on the stock. BWS Financial's target price suggests a potential upside of 68.13% from the stock's previous close.

A number of other brokerages have also recently issued reports on UI. Zacks Research cut shares of Ubiquiti from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 14th. Barclays cut their target price on Ubiquiti from $672.00 to $489.00 and set an "underweight" rating for the company in a research note on Monday. Finally, Weiss Ratings downgraded Ubiquiti from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, August 21st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ubiquiti presently has an average rating of "Hold" and a consensus target price of $734.50.

Ubiquiti Price Performance

UI stock traded down $13.92 during midday trading on Thursday, reaching $582.88. The company had a trading volume of 61,160 shares, compared to its average volume of 115,398. Ubiquiti has a 1-year low of $505.73 and a 1-year high of $1,099.99. The stock has a 50 day moving average price of $553.16 and a 200-day moving average price of $691.09. The company has a market capitalization of $35.28 billion, a price-to-earnings ratio of 36.78 and a beta of 1.31.

Ubiquiti (NYSE:UI - Get Free Report) last released its earnings results on Friday, August 21st. The company reported $4.73 EPS for the quarter, beating the consensus estimate of $4.03 by $0.70. Ubiquiti had a net margin of 29.33% and a return on equity of 85.57%. The firm had revenue of $937.32 million for the quarter, compared to analyst estimates of $850.50 million. During the same period last year, the firm earned $4.41 EPS. As a group, research analysts anticipate that Ubiquiti will post 15.53 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vision Retirement LLC bought a new stake in Ubiquiti during the 1st quarter worth $25,000. Quarry LP bought a new position in Ubiquiti in the third quarter valued at about $34,000. Compass Financial Management LLC acquired a new stake in shares of Ubiquiti during the second quarter valued at about $35,000. CIBC Private Wealth Group LLC grew its holdings in shares of Ubiquiti by 238.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company's stock worth $39,000 after purchasing an additional 50 shares during the last quarter. Finally, Cherry Tree Wealth Management LLC grew its holdings in shares of Ubiquiti by 50.0% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 75 shares of the company's stock worth $42,000 after purchasing an additional 25 shares during the last quarter. 4.00% of the stock is currently 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.

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