Ubiquiti (NYSE:UI) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Ubiquiti (NYSE:UI) from a hold rating to a buy rating in a report published on Sunday morning.

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

Ubiquiti Stock Up 0.7%

Shares of Ubiquiti stock opened at $766.27 on Friday. Ubiquiti has a fifty-two week low of $255.00 and a fifty-two week high of $803.59. The firm has a market cap of $46.37 billion, a price-to-earnings ratio of 52.20 and a beta of 1.32. The business has a fifty day simple moving average of $612.39 and a 200-day simple moving average of $610.16.

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

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.4%. Ubiquiti’s dividend payout ratio is currently 21.80%.

Hedge Funds Weigh In On Ubiquiti

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers grew its position in Ubiquiti by 856.8% in the second quarter. Rhumbline Advisers now owns 42,787 shares of the company’s stock valued at $17,613,000 after acquiring an additional 38,315 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Ubiquiti in the 2nd quarter worth about $885,000. Range Financial Group LLC acquired a new stake in shares of Ubiquiti during the 3rd quarter worth about $1,468,000. Coldstream Capital Management Inc. lifted its holdings in Ubiquiti by 889.7% during the 2nd quarter. Coldstream Capital Management Inc. now owns 574 shares of the company’s stock valued at $236,000 after purchasing an additional 516 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in Ubiquiti by 132.8% in the third quarter. GSA Capital Partners LLP now owns 3,448 shares of the company’s stock valued at $2,278,000 after buying an additional 1,967 shares in the last quarter. 4.00% of the stock is owned by 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.