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 42.9% upside from the price cited in the report.
• Analyst views are mixed: MarketBeat reports a Moderate Buy consensus and an average price target of $758.50, with ratings ranging from Strong Buy to Sell.
• Ubiquiti shares rose 15.7% on Monday. Its latest quarterly results beat expectations, with earnings of $5.32 per share versus $4.25 forecast and revenue of $1.03 billion versus about $977 million expected.

Ubiquiti (NYSE:UI - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at BWS Financial in a research report issued on Monday, Benzinga reports. They presently have a $980.00 target price on the stock. BWS Financial's price objective points to a potential upside of 42.90% from the company's current price.

Other research analysts also recently issued reports about the company. Zacks Research upgraded Ubiquiti from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 18th. Weiss Ratings lowered Ubiquiti from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, October 30th. Finally, Barclays increased their price target on Ubiquiti from $489.00 to $537.00 and gave the company an "underweight" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $758.50.

Ubiquiti Stock Up 15.7%

Shares of UI stock traded up $92.97 on Monday, reaching $685.82. The stock had a trading volume of 165,365 shares, compared to its average volume of 117,598. Ubiquiti has a 12 month low of $500.23 and a 12 month high of $1,099.99. The firm has a market capitalization of $41.49 billion, a price-to-earnings ratio of 38.72 and a beta of 1.34. The firm's 50-day moving average is $586.72 and its two-hundred day moving average is $657.17.

Ubiquiti (NYSE:UI - Get Free Report) last announced its quarterly earnings results on Friday, November 6th. The company reported $5.32 earnings per share for the quarter, topping analysts' consensus estimates of $4.25 by $1.07. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $977.45 million. Ubiquiti had a return on equity of 87.95% and a net margin of 30.08%. On average, sell-side analysts forecast that Ubiquiti will post 16.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Vision Retirement LLC bought a new position in Ubiquiti in the 1st quarter valued at about $25,000. Fortitude Family Office LLC raised its position in shares of Ubiquiti by 109.5% in the 3rd quarter. Fortitude Family Office LLC now owns 44 shares of the company's stock valued at $25,000 after buying an additional 23 shares in the last quarter. Compass Financial Management LLC acquired a new position in shares of Ubiquiti in the 2nd quarter valued at approximately $35,000. CX Institutional bought a new stake in shares of Ubiquiti during the 3rd quarter worth approximately $51,000. Finally, Pinnacle Holdings LLC bought a new stake in shares of Ubiquiti during the 2nd quarter worth approximately $49,000. Institutional investors own 4.00% of the company's stock.

Ubiquiti Company Profile

Ubiquiti Inc develops and sells networking technology for businesses, service providers and consumers. Its products include wireless access points, routers, switches and broadband wireless equipment, along with network management software and security devices such as cameras and access control systems.

The company markets products under brands including UniFi, airMAX, EdgeMAX and AmpliFi. Its UniFi platform brings together networking, video surveillance and access control products with centralized management tools.

Founded in 2003 by Robert Pera, Ubiquiti serves customers globally through distributors, online channels and retail partners.

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