BWS Financial Forecasts Strong Price Appreciation for Ubiquiti (NYSE:UI) Stock

Ubiquiti (NYSE:UI) had its price target lifted by analysts at BWS Financial from $385.00 to $440.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. BWS Financial’s price target would indicate a potential upside of 7.23% from the stock’s previous close.

A number of other research firms have also recently commented on UI. StockNews.com raised Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th. Barclays upped their price objective on Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research report on Monday, November 11th.

Ubiquiti Stock Performance

Shares of NYSE:UI opened at $410.33 on Wednesday. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 2.80. Ubiquiti has a 12 month low of $104.24 and a 12 month high of $422.92. The company has a market capitalization of $24.81 billion, a price-to-earnings ratio of 63.52 and a beta of 1.14. The firm’s 50-day moving average is $345.45 and its 200 day moving average is $251.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UI. Barclays PLC lifted its holdings in shares of Ubiquiti by 4,880.2% in the 3rd quarter. Barclays PLC now owns 13,347 shares of the company’s stock worth $2,959,000 after buying an additional 13,079 shares during the period. Empowered Funds LLC bought a new stake in shares of Ubiquiti in the third quarter valued at about $323,000. Algert Global LLC purchased a new stake in Ubiquiti in the third quarter worth about $838,000. MML Investors Services LLC bought a new position in Ubiquiti during the 3rd quarter worth about $327,000. Finally, Semanteon Capital Management LP purchased a new position in Ubiquiti during the 3rd quarter valued at about $599,000. Institutional investors own 4.00% of the company’s stock.

About Ubiquiti

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.