Ubiquiti (NYSE:UI) Earns Buy Rating from BWS Financial

Ubiquiti (NYSE:UI)‘s stock had its “buy” rating reiterated by analysts at BWS Financial in a research note issued on Friday,Benzinga reports. They presently have a $440.00 price objective on the stock. BWS Financial’s target price indicates a potential upside of 60.56% from the stock’s current price.

Separately, Barclays dropped their target price on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a research report on Monday, February 10th.

Ubiquiti Price Performance

Shares of UI opened at $274.04 on Friday. The stock has a market cap of $16.58 billion, a P/E ratio of 37.23 and a beta of 1.31. The business’s fifty day moving average is $339.36 and its 200 day moving average is $320.12. Ubiquiti has a 12-month low of $104.24 and a 12-month high of $469.98. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same period in the prior year, the business posted $1.36 earnings per share. Sell-side analysts anticipate that Ubiquiti will post 7.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Kevin Radigan sold 1,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total transaction of $347,990.00. Following the completion of the sale, the chief accounting officer now owns 2,484 shares in the company, valued at approximately $864,407.16. This represents a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 93.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in shares of Ubiquiti by 484.2% in the first quarter. Versant Capital Management Inc now owns 111 shares of the company’s stock worth $34,000 after acquiring an additional 92 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Ubiquiti by 46.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,753 shares of the company’s stock worth $582,000 after purchasing an additional 555 shares during the period. Woodline Partners LP bought a new stake in shares of Ubiquiti during the 4th quarter worth approximately $330,000. Point72 Hong Kong Ltd bought a new stake in shares of Ubiquiti during the fourth quarter worth $730,000. Finally, Quantinno Capital Management LP boosted its position in Ubiquiti by 27.5% in the 4th quarter. Quantinno Capital Management LP now owns 4,682 shares of the company’s stock valued at $1,554,000 after buying an additional 1,011 shares during the period. 4.00% of the stock is owned by hedge funds and other institutional investors.

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.