Ubiquiti (NYSE:UI) Earns “Buy” Rating from BWS Financial

Ubiquiti (NYSE:UI)‘s stock had its “buy” rating reaffirmed by equities research analysts at BWS Financial in a note issued to investors on Tuesday, Benzinga reports. They currently have a $980.00 target price on the stock. BWS Financial’s price objective points to a potential upside of 74.61% from the company’s previous close.

Several other equities research analysts have also recently issued reports on UI. Zacks Research raised Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Friday, September 18th. Weiss Ratings lowered Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Finally, Barclays lowered their price target on Ubiquiti from $672.00 to $489.00 and set an “underweight” rating for the company in a report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ubiquiti has a consensus rating of “Moderate Buy” and a consensus price target of $734.50.

Ubiquiti Stock Up 1.4%

Shares of NYSE:UI traded up $7.88 during trading on Tuesday, hitting $561.25. The stock had a trading volume of 49,059 shares, compared to its average volume of 120,898. Ubiquiti has a 12 month low of $500.23 and a 12 month high of $1,099.99. The company has a market capitalization of $33.97 billion, a PE ratio of 35.41 and a beta of 1.31. The firm’s fifty day moving average is $566.56 and its 200 day moving average is $664.70.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, August 21st. The company reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.70. Ubiquiti had a return on equity of 85.57% and a net margin of 29.33%.The firm had revenue of $937.32 million during the quarter, compared to analyst estimates of $850.50 million. During the same quarter in the prior year, the company earned $4.41 EPS. Equities research analysts expect that Ubiquiti will post 16.94 EPS for the current fiscal year.

Institutional Trading of Ubiquiti

A number of hedge funds and other institutional investors have recently made changes to their positions in UI. Diversify Advisory Services LLC acquired a new stake in Ubiquiti in the 2nd quarter valued at approximately $1,526,000. Bank of America Corp DE increased its holdings in Ubiquiti by 22.3% in the 1st quarter. Bank of America Corp DE now owns 13,750 shares of the company’s stock valued at $10,867,000 after purchasing an additional 2,508 shares during the last quarter. Militia Capital Management LLC acquired a new stake in Ubiquiti in the 1st quarter valued at approximately $1,581,000. Deutsche Bank AG acquired a new stake in Ubiquiti in the 2nd quarter valued at approximately $12,832,000. Finally, Walleye Capital LLC acquired a new stake in Ubiquiti in the 2nd quarter valued at approximately $27,413,000. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Company Profile

Ubiquiti Inc develops and sells networking technology for businesses, service providers and consumers worldwide. The company designs products intended to deliver wireless connectivity, network management, security and other communications capabilities, with an emphasis on scalable and easy-to-deploy solutions.

Its product portfolio includes wireless access points, routers, switches, gateways, broadband wireless equipment, network management software, video surveillance systems, security and access-control products, and smart-home devices.