BWS Financial Reaffirms "Buy" Rating for Ubiquiti (NYSE:UI)

Ubiquiti (NYSE:UI - Get Free Report)'s stock had its "buy" rating restated by BWS Financial in a research note issued to investors on Monday,Benzinga reports. They presently have a $440.00 price objective on the stock. BWS Financial's target price would suggest a potential upside of 1.05% from the company's previous close.

Separately, Barclays decreased 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 Up 3.5%

NYSE:UI traded up $14.68 during trading hours on Monday, hitting $435.45. The company's stock had a trading volume of 87,114 shares, compared to its average volume of 81,933. The stock has a market capitalization of $26.34 billion, a P/E ratio of 59.16 and a beta of 1.32. The stock has a fifty day moving average of $326.96 and a 200-day moving average of $341.13. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. Ubiquiti has a 52-week low of $139.06 and a 52-week high of $469.98.

Ubiquiti (NYSE:UI - Get Free Report) last released its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the firm earned $1.36 earnings per share. On average, equities analysts forecast that Ubiquiti will post 7.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of Ubiquiti during the 1st quarter worth approximately $25,000. Brooklyn Investment Group boosted its holdings in shares of Ubiquiti by 78.8% in the 1st quarter. Brooklyn Investment Group now owns 93 shares of the company's stock valued at $29,000 after purchasing an additional 41 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Ubiquiti by 484.2% in the 1st quarter. Versant Capital Management Inc now owns 111 shares of the company's stock valued at $34,000 after purchasing an additional 92 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Ubiquiti by 47.0% in the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after acquiring an additional 39 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Ubiquiti by 71.1% in the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after acquiring an additional 54 shares during the period. 4.00% of the stock is 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.