Ubiquiti (NYSE:UI) Given "Buy" Rating at BWS Financial

Ubiquiti (NYSE:UI - Get Free Report)'s stock had its "buy" rating reissued by research analysts at BWS Financial in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $440.00 price objective on the stock. BWS Financial's price objective would indicate a potential upside of 1.97% from the stock's current price.

Separately, Barclays reduced their price objective on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research note on Monday, February 10th.

Ubiquiti Stock Performance

Shares of NYSE:UI traded up $17.99 during mid-day trading on Monday, reaching $431.51. The company had a trading volume of 22,921 shares, compared to its average volume of 81,265. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. The firm has a market cap of $26.10 billion, a price-to-earnings ratio of 58.63 and a beta of 1.32. The company's 50-day moving average price is $315.01 and its 200-day moving average price is $336.19. Ubiquiti has a one year low of $128.07 and a one year high of $469.98.

Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same period in the previous year, the firm posted $1.36 EPS. As a group, equities research analysts anticipate that Ubiquiti will post 7.21 EPS for the current fiscal year.

Insider Activity

In related news, CAO Kevin Radigan sold 1,000 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,484 shares in the company, valued at approximately $864,407.16. The trade was a 28.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 93.10% of the company's stock.

Institutional Trading of Ubiquiti

Institutional investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC purchased a new stake in Ubiquiti during the first quarter valued at about $25,000. Versant Capital Management Inc boosted its position in Ubiquiti by 484.2% during the first quarter. Versant Capital Management Inc now owns 111 shares of the company's stock valued at $34,000 after buying an additional 92 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock worth $40,000 after purchasing an additional 39 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Ubiquiti by 71.1% during the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock worth $43,000 after purchasing an additional 54 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Ubiquiti by 78.8% during the fourth quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after purchasing an additional 63 shares during the period. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

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.

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