Ubiquiti (NYSE:UI) Rating Lowered to “Hold” at Wall Street Zen

Ubiquiti (NYSE:UI) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other brokerages also recently issued reports on UI. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ubiquiti in a research report on Monday, December 29th. Barclays lifted their target price on shares of Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a research report on Friday, February 6th. Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Finally, BWS Financial restated a “buy” rating and set a $720.00 price objective on shares of Ubiquiti in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ubiquiti currently has a consensus rating of “Moderate Buy” and a consensus price target of $615.67.

Ubiquiti Stock Performance

Ubiquiti stock opened at $750.16 on Friday. Ubiquiti has a fifty-two week low of $255.00 and a fifty-two week high of $803.59. The stock has a market cap of $45.40 billion, a P/E ratio of 51.10 and a beta of 1.40. The firm’s fifty day moving average price is $592.42 and its 200-day moving average price is $600.22.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, February 6th. The company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.08 by $0.80. The business had revenue of $814.87 million during the quarter, compared to analysts’ expectations of $716.95 million. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The firm’s revenue was up 35.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.28 earnings per share. Sell-side analysts predict that Ubiquiti will post 7.21 earnings per share for the current year.

Institutional Trading of Ubiquiti

Several institutional investors have recently added to or reduced their stakes in UI. Goldman Sachs Group Inc. grew its stake in shares of Ubiquiti by 33.8% during the first quarter. Goldman Sachs Group Inc. now owns 33,836 shares of the company’s stock valued at $10,494,000 after buying an additional 8,551 shares during the last quarter. Woodline Partners LP boosted its holdings in Ubiquiti by 22.1% during the 1st quarter. Woodline Partners LP now owns 1,214 shares of the company’s stock valued at $377,000 after acquiring an additional 220 shares during the period. Jane Street Group LLC grew its position in Ubiquiti by 12.9% during the 1st quarter. Jane Street Group LLC now owns 13,768 shares of the company’s stock worth $4,270,000 after acquiring an additional 1,570 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in Ubiquiti in the 2nd quarter worth approximately $260,000. Finally, Cullen Frost Bankers Inc. increased its stake in Ubiquiti by 1,075.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 94 shares of the company’s stock worth $39,000 after purchasing an additional 86 shares during the period. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

About Ubiquiti

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.