Ubiquiti (NYSE:UI) Given “Buy” Rating at BWS Financial

Ubiquiti (NYSE:UI)‘s stock had its “buy” rating reaffirmed by stock analysts at BWS Financial in a note issued to investors on Monday,Benzinga reports. They currently have a $720.00 price objective on the stock. BWS Financial’s price objective indicates a potential upside of 1.29% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Barclays increased their target price on Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a research note on Friday. Wall Street Zen upgraded shares of Ubiquiti from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of Ubiquiti in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $615.67.

Ubiquiti Stock Performance

Ubiquiti stock traded up $88.48 during mid-day trading on Monday, reaching $710.81. 134,757 shares of the company were exchanged, compared to its average volume of 113,523. The firm has a market cap of $43.00 billion, a PE ratio of 48.38 and a beta of 1.40. The firm’s 50-day simple moving average is $563.82 and its two-hundred day simple moving average is $580.99. Ubiquiti has a twelve month low of $255.00 and a twelve month high of $803.59.

Ubiquiti (NYSE:UI) last issued its quarterly earnings results on Friday, February 6th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.80. Ubiquiti had a return on equity of 129.52% and a net margin of 29.90%.The firm had revenue of $814.87 million during the quarter, compared to the consensus estimate of $716.95 million. During the same period last year, the company earned $2.28 earnings per share. The company’s revenue for the quarter was up 35.8% on a year-over-year basis. As a group, equities research analysts anticipate that Ubiquiti will post 7.21 EPS for the current year.

Insider Buying and Selling

In other Ubiquiti news, CAO Kevin Radigan sold 350 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $576.58, for a total transaction of $201,803.00. Following the completion of the transaction, the chief accounting officer owned 2,768 shares of the company’s stock, valued at approximately $1,595,973.44. This trade represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 93.10% of the company’s stock.

Institutional Investors Weigh In On Ubiquiti

Several hedge funds have recently modified their holdings of the stock. Rhumbline Advisers lifted its position in shares of Ubiquiti by 856.8% during the second quarter. Rhumbline Advisers now owns 42,787 shares of the company’s stock worth $17,613,000 after purchasing an additional 38,315 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Ubiquiti in the 2nd quarter worth $885,000. Vanguard Personalized Indexing Management LLC boosted its position in Ubiquiti by 72.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,317 shares of the company’s stock valued at $543,000 after buying an additional 555 shares during the last quarter. Range Financial Group LLC acquired a new stake in shares of Ubiquiti during the third quarter valued at about $1,468,000. Finally, Coldstream Capital Management Inc. increased its position in shares of Ubiquiti by 889.7% during the second quarter. Coldstream Capital Management Inc. now owns 574 shares of the company’s stock worth $236,000 after acquiring an additional 516 shares during the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Company Profile

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.