Ubiquiti's (UI) Buy Rating Reiterated at BWS Financial

BWS Financial restated their buy rating on shares of Ubiquiti (NYSE:UI - Free Report) in a report released on Monday morning, Benzinga reports. BWS Financial currently has a $160.00 target price on the stock.

Several other analysts have also recently commented on the company. StockNews.com upgraded Ubiquiti from a sell rating to a hold rating in a report on Friday, March 15th. Barclays cut their price target on Ubiquiti from $105.00 to $93.00 and set an underweight rating on the stock in a research note on Monday, February 12th.

Ubiquiti Stock Performance

Shares of NYSE UI traded up $5.30 during mid-day trading on Monday, reaching $111.99. The company had a trading volume of 107,096 shares, compared to its average volume of 91,557. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 18.18 and a beta of 1.23. The stock has a fifty day moving average of $118.35 and a two-hundred day moving average of $122.80. Ubiquiti has a 12-month low of $103.00 and a 12-month high of $269.40.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.93 by ($0.57). Ubiquiti had a negative return on equity of 392.74% and a net margin of 19.83%. The firm had revenue of $464.95 million during the quarter, compared to analyst estimates of $488.56 million. Sell-side analysts forecast that Ubiquiti will post 6.5 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, February 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.14%. Ubiquiti's dividend payout ratio (DPR) is currently 38.96%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Signaturefd LLC increased its stake in Ubiquiti by 201.5% in the third quarter. Signaturefd LLC now owns 202 shares of the company's stock valued at $29,000 after purchasing an additional 135 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Ubiquiti by 435.0% in the 4th quarter. Quadrant Capital Group LLC now owns 214 shares of the company's stock valued at $30,000 after purchasing an additional 174 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Ubiquiti by 116.5% in the 4th quarter. Parallel Advisors LLC now owns 223 shares of the company's stock worth $31,000 after buying an additional 120 shares during the last quarter. Money Concepts Capital Corp increased its holdings in Ubiquiti by 294.1% during the fourth quarter. Money Concepts Capital Corp now owns 134 shares of the company's stock worth $37,000 after buying an additional 100 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Ubiquiti by 70.1% in the second quarter. MetLife Investment Management LLC now owns 228 shares of the company's stock valued at $40,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 4.00% of the company's stock.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.