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

BWS Financial reissued their buy rating on shares of Ubiquiti (NYSE:UIFree Report) in a research report report published on Monday morning, Benzinga reports. The brokerage currently has a $160.00 price objective on the stock.

UI has been the subject of several other research reports. Barclays raised their target price on Ubiquiti from $93.00 to $108.00 and gave the stock an underweight rating in a research note on Monday, May 13th. StockNews.com raised Ubiquiti from a sell rating to a hold rating in a research note on Thursday, April 18th.

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Ubiquiti Price Performance

Shares of Ubiquiti stock opened at $151.71 on Monday. The business has a 50 day simple moving average of $141.25 and a two-hundred day simple moving average of $127.76. Ubiquiti has a 12 month low of $103.00 and a 12 month high of $189.33. The stock has a market capitalization of $9.17 billion, a P/E ratio of 26.20 and a beta of 1.18. The company has a debt-to-equity ratio of 32.43, a current ratio of 3.95 and a quick ratio of 1.84.

Ubiquiti (NYSE:UIGet Free Report) last announced its earnings results on Friday, May 10th. The company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.51). Ubiquiti had a net margin of 18.30% and a negative return on equity of 829.74%. The firm had revenue of $493.00 million for the quarter, compared to analyst estimates of $497.51 million. As a group, analysts predict that Ubiquiti will post 5.71 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 20th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.40 dividend on an annualized basis and a yield of 1.58%. Ubiquiti’s dividend payout ratio (DPR) is presently 41.45%.

Institutional Trading of Ubiquiti

A number of institutional investors have recently bought and sold shares of the business. Covestor Ltd lifted its holdings in Ubiquiti by 29.0% during the 1st quarter. Covestor Ltd now owns 516 shares of the company’s stock worth $60,000 after buying an additional 116 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Ubiquiti by 116.5% during the 4th quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock worth $31,000 after buying an additional 120 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Ubiquiti by 435.0% during the fourth quarter. Quadrant Capital Group LLC now owns 214 shares of the company’s stock worth $30,000 after purchasing an additional 174 shares in the last quarter. Quent Capital LLC increased its position in shares of Ubiquiti by 66.6% during the fourth quarter. Quent Capital LLC now owns 508 shares of the company’s stock worth $71,000 after purchasing an additional 203 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Ubiquiti by 105.4% during the fourth quarter. Signaturefd LLC now owns 415 shares of the company’s stock worth $58,000 after purchasing an additional 213 shares in the last quarter. 4.00% of the stock is owned by hedge funds and other institutional investors.

About Ubiquiti

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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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