Universal Electronics (NASDAQ:UEIC) Downgraded by Wall Street Zen to Buy

Key Points

• Wall Street Zen downgraded Universal Electronics from “strong buy” to “buy,” while the broader analyst consensus remains “Reduce,” with an average price target of $4.25.
• UEIC shares opened at $4.91 after a 3.2% decline. The company’s latest quarterly results beat EPS expectations ($0.34 versus $0.03) but missed revenue estimates, reporting $73.24 million against $78.13 million expected.
• Insiders have been selling shares, including a 105,541-share sale by Toro 18 Holdings, while institutional investors own a substantial 79.35% of the company.

Universal Electronics (NASDAQ:UEIC - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Sunday, Wall Street Zen reports.

A number of other equities research analysts have also weighed in on UEIC. Rosenblatt Securities reissued a "neutral" rating and set a $5.00 target price on shares of Universal Electronics in a report on Friday, August 7th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Universal Electronics in a report on Friday, September 18th. Finally, Zacks Research upgraded shares of Universal Electronics to a "hold" rating in a report on Monday, October 5th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Reduce" and an average target price of $4.25.

Universal Electronics Stock Down 3.2%

Shares of Universal Electronics stock opened at $4.91 on Friday. Universal Electronics has a 12-month low of $2.69 and a 12-month high of $5.99. The company has a 50-day simple moving average of $5.06 and a 200 day simple moving average of $4.46. The stock has a market capitalization of $63.29 million, a P/E ratio of -4.23 and a beta of 1.19.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.31. The company had revenue of $73.24 million for the quarter, compared to analyst estimates of $78.13 million. Universal Electronics had a negative net margin of 4.57% and a positive return on equity of 2.70%. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS. On average, equities analysts anticipate that Universal Electronics will post 0.25 earnings per share for the current year.

Insiders Place Their Bets

In other Universal Electronics news, insider Toro 18 Holdings Llc sold 105,541 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $4.63, for a total transaction of $488,654.83. Following the transaction, the insider directly owned 1,101,832 shares in the company, valued at $5,101,482.16. This trade represents a 8.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 442,815 shares of company stock valued at $2,201,304. Insiders own 17.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in Universal Electronics by 1.4% during the 1st quarter. Renaissance Technologies LLC now owns 215,723 shares of the technology company's stock valued at $889,000 after purchasing an additional 3,071 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Universal Electronics by 4.7% in the first quarter. Empowered Funds LLC now owns 69,266 shares of the technology company's stock worth $285,000 after buying an additional 3,088 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Universal Electronics in the second quarter worth approximately $83,000. Hsbc Holdings PLC purchased a new stake in shares of Universal Electronics during the second quarter valued at approximately $108,000. Finally, Man Group plc purchased a new stake in shares of Universal Electronics during the second quarter valued at approximately $241,000. Hedge funds and other institutional investors own 79.35% of the company's stock.

Universal Electronics Company Profile

Universal Electronics Inc NASDAQ: UEIC designs, develops and distributes consumer electronics products and technologies that simplify the control of home entertainment and smart-home devices. Its offerings include universal remote controls, wireless home-control products, audio and video accessories, and related software and connected-device solutions.

The company serves original equipment manufacturers, subscription television providers, retailers and consumers. Its products are marketed under the One For All and other company brands, as well as through private-label and licensed-brand arrangements.

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