BWS Financial reissued their buy rating on shares of Ubiquiti (NYSE:UI - Free Report) in a research report released on Monday, Benzinga reports. The firm currently has a $160.00 price target on the stock.
Other equities analysts have also recently issued reports about the stock. Barclays cut their target price on shares of Ubiquiti from $105.00 to $93.00 and set an underweight rating for the company in a research note on Monday, February 12th. StockNews.com raised shares of Ubiquiti from a sell rating to a hold rating in a research note on Thursday, April 18th.
Get Our Latest Research Report on Ubiquiti
Ubiquiti Price Performance
Ubiquiti stock traded up $7.78 during midday trading on Monday, reaching $134.97. 169,695 shares of the company traded hands, compared to its average volume of 90,296. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 23.28 and a beta of 1.22. The business has a 50 day moving average of $111.77 and a two-hundred day moving average of $119.95. Ubiquiti has a 12 month low of $103.00 and a 12 month high of $189.52.
Ubiquiti (NYSE:UI - Get Free Report) last released its quarterly earnings results on Friday, February 9th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.57). Ubiquiti had a negative return on equity of 539.53% and a net margin of 18.30%. The business had revenue of $464.95 million during the quarter, compared to the consensus estimate of $488.56 million. As a group, equities analysts forecast that Ubiquiti will post 6.5 EPS for the current year.
Ubiquiti Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 20th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, May 17th. Ubiquiti's dividend payout ratio is currently 41.45%.
Institutional Trading of Ubiquiti
A number of institutional investors have recently modified their holdings of UI. Commonwealth Equity Services LLC increased its holdings in shares of Ubiquiti by 9.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,564 shares of the company's stock valued at $227,000 after purchasing an additional 131 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Ubiquiti by 14.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,469 shares of the company's stock valued at $213,000 after purchasing an additional 183 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Ubiquiti by 201.5% during the 3rd 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. Barclays PLC increased its holdings in shares of Ubiquiti by 2,815.6% during the 3rd quarter. Barclays PLC now owns 7,872 shares of the company's stock valued at $1,145,000 after purchasing an additional 7,602 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Ubiquiti by 6.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,030 shares of the company's stock valued at $2,474,000 after purchasing an additional 1,032 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors.
About Ubiquiti
(
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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.
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