Ubiquiti Networks Inc. (NASDAQ:UBNT) has received a consensus rating of “Hold” from the eleven brokerages that are presently covering the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $37.11.
A number of equities research analysts have recently weighed in on the stock. Morgan Stanley set a $35.00 price target on shares of Ubiquiti Networks and gave the company a “sell” rating in a research report on Thursday, August 11th. Zacks Investment Research raised shares of Ubiquiti Networks from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Tuesday, August 9th. Wunderlich lifted their price objective on shares of Ubiquiti Networks from $48.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Finally, Deutsche Bank AG set a $31.00 price objective on shares of Ubiquiti Networks and gave the company a “hold” rating in a research note on Friday, August 5th.
In related news, VP Benjamin Moore sold 150,000 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $51.20, for a total value of $7,680,000.00. Following the sale, the vice president now owns 758 shares of the company’s stock, valued at $38,809.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 69.08% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Stifel Financial Corp acquired a new stake in shares of Ubiquiti Networks during the second quarter valued at $209,000. AHL Partners LLP boosted its stake in shares of Ubiquiti Networks by 27.6% in the second quarter. AHL Partners LLP now owns 23,870 shares of the company’s stock valued at $923,000 after buying an additional 5,156 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Ubiquiti Networks by 908.4% in the second quarter. Jane Street Group LLC now owns 25,482 shares of the company’s stock valued at $985,000 after buying an additional 22,955 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Ubiquiti Networks during the second quarter valued at $911,000. Finally, AQR Capital Management LLC boosted its stake in shares of Ubiquiti Networks by 0.5% in the second quarter. AQR Capital Management LLC now owns 97,443 shares of the company’s stock valued at $3,767,000 after buying an additional 455 shares in the last quarter. 30.22% of the stock is currently owned by institutional investors.
Ubiquiti Networks (NASDAQ:UBNT) traded up 0.19% on Tuesday, hitting $53.89. The stock had a trading volume of 84,882 shares. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 21.64 and a beta of 1.32. The company’s 50 day moving average is $52.32 and its 200-day moving average is $41.99. Ubiquiti Networks has a 1-year low of $25.75 and a 1-year high of $54.73.
Ubiquiti Networks (NASDAQ:UBNT) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Ubiquiti Networks had a net margin of 32.06% and a return on equity of 47.65%. The company earned $185.70 million during the quarter, compared to the consensus estimate of $174.47 million. During the same period in the previous year, the business earned $0.50 earnings per share. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. On average, analysts forecast that Ubiquiti Networks will post $2.78 EPS for the current year.
Ubiquiti Networks Company Profile
Ubiquiti Networks, Inc, develops high performance networking technology for service providers and enterprises. The Company’s technology platforms for service providers enable carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing. The Company’s technology platforms for enterprises enable wireless local area network (WLAN) infrastructure, video surveillance products, and machine-to-machine communications.
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