Uniti Group (NASDAQ:UNIT) Reaches New 12-Month Low - Time to Sell?

Key Points

• Uniti Group hit a new 52-week low, trading as low as $3.91 before last changing hands at $4.129.
• Analyst views are mixed: the consensus rating is Hold with a $10.25 average price target, while Wells Fargo cut its target to $4 and Raymond James maintained a Strong Buy rating.
• Quarterly results fell short of estimates: Uniti reported a loss of $1.03 per share versus the expected $0.63 loss, and revenue of $848.1 million versus the $851.37 million consensus.

Uniti Group Inc. (NASDAQ:UNIT - Get Free Report) reached a new 52-week low during trading on Thursday. The stock traded as low as $3.91 and last traded at $4.1290, with a volume of 158,609 shares traded. The stock had previously closed at $4.07.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Uniti Group from $9.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Raymond James Financial reissued a "strong-buy" rating and issued a $12.00 target price on shares of Uniti Group in a research note on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of Uniti Group from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Tuesday. Weiss Ratings cut shares of Uniti Group from a "hold (c)" rating to a "sell (d)" rating in a research note on Wednesday. Finally, TD Cowen dropped their price target on shares of Uniti Group from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.25.

Uniti Group Stock Up 3.5%

The business has a 50 day moving average price of $7.31 and a 200 day moving average price of $9.33. The stock has a market cap of $1.02 billion, a P/E ratio of -1.34 and a beta of 1.45.

Uniti Group (NASDAQ:UNIT - Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The real estate investment trust reported ($1.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.63) by ($0.40). Uniti Group had a negative return on equity of 397.08% and a negative net margin of 21.20%. The business had revenue of $848.10 million for the quarter, compared to the consensus estimate of $851.37 million. On average, research analysts expect that Uniti Group Inc. will post -2.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp purchased a new stake in Uniti Group in the 2nd quarter valued at about $15,701,000. Principal Financial Group Inc. increased its position in shares of Uniti Group by 2.0% during the first quarter. Principal Financial Group Inc. now owns 870,891 shares of the real estate investment trust's stock worth $8,169,000 after acquiring an additional 16,971 shares during the period. Pinnacle Associates Ltd. increased its position in shares of Uniti Group by 4.2% during the third quarter. Pinnacle Associates Ltd. now owns 712,211 shares of the real estate investment trust's stock worth $5,968,000 after acquiring an additional 28,411 shares during the period. Mizuho Markets Americas LLC increased its position in shares of Uniti Group by 26.9% during the first quarter. Mizuho Markets Americas LLC now owns 505,246 shares of the real estate investment trust's stock worth $4,739,000 after acquiring an additional 107,000 shares during the period. Finally, First Trust Advisors LP purchased a new position in shares of Uniti Group during the first quarter worth approximately $4,203,000. Hedge funds and other institutional investors own 87.51% of the company's stock.

Uniti Group Company Profile

Uniti Group is a communications infrastructure company that owns, builds and operates fiber-optic networks and related broadband assets. Its network infrastructure supports broadband, wireless, enterprise and government communications, including fiber connectivity for businesses and other network operators. Founded in 2015 as a spin-off from Windstream, Uniti initially focused on owning and leasing communications infrastructure, including fiber networks. In 2025, Uniti combined with Windstream, bringing together infrastructure operations with Windstream's Kinetic broadband and enterprise services.

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