Ubiquiti (NYSE:UI) had its target price lowered by Credit Suisse Group from $130.00 to $127.00 in a report issued on Thursday, BenzingaRatingsTable reports. The firm presently has an “underperform” rating on the stock. Credit Suisse Group’s price target indicates a potential downside of 9.29% from the company’s previous close.

Several other research firms also recently weighed in on UI. ValuEngine downgraded shares of Ubiquiti from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. BWS Financial reissued a “buy” rating and issued a $200.00 price target on shares of Ubiquiti in a research note on Monday, December 30th. Zacks Investment Research downgraded shares of Ubiquiti from a “strong-buy” rating to a “hold” rating and set a $167.00 price target for the company. in a research note on Wednesday, February 12th. Finally, Barclays reissued a “sell” rating on shares of Ubiquiti in a research note on Sunday, February 9th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $159.75.

Ubiquiti stock traded down $1.73 during mid-day trading on Thursday, hitting $140.00. The company’s stock had a trading volume of 34,534 shares, compared to its average volume of 304,202. The company has a debt-to-equity ratio of 4.68, a current ratio of 2.59 and a quick ratio of 1.37. The stock has a market cap of $9.21 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 2.05 and a beta of 1.46. The business has a 50 day moving average price of $138.81 and a 200-day moving average price of $155.16. Ubiquiti has a 12 month low of $107.22 and a 12 month high of $199.91.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, February 7th. The company reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.08). The business had revenue of $308.30 million during the quarter, compared to the consensus estimate of $336.94 million. Ubiquiti had a negative return on equity of 592.27% and a net margin of 28.52%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 earnings per share. On average, equities research analysts expect that Ubiquiti will post 5.52 earnings per share for the current fiscal year.

In other news, Director Ronald Sege sold 1,584 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $144.13, for a total transaction of $228,301.92. Following the completion of the transaction, the director now directly owns 1,584 shares of the company’s stock, valued at $228,301.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 86.67% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Sowell Financial Services LLC bought a new position in Ubiquiti in the fourth quarter worth about $63,000. Aigen Investment Management LP bought a new position in Ubiquiti in the fourth quarter worth about $98,000. US Bancorp DE raised its stake in Ubiquiti by 15.3% in the fourth quarter. US Bancorp DE now owns 557 shares of the company’s stock worth $105,000 after buying an additional 74 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Ubiquiti by 830.2% in the fourth quarter. Russell Investments Group Ltd. now owns 586 shares of the company’s stock worth $109,000 after buying an additional 523 shares in the last quarter. Finally, Advisors Preferred LLC bought a new position in Ubiquiti in the fourth quarter worth about $131,000. 12.30% of the stock is owned by institutional investors.

About Ubiquiti

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers worldwide. It 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 enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.

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