BWS Financial Reiterates Buy Rating for Ubiquiti (NYSE:UI)

Ubiquiti (NYSE:UI)‘s stock had its “buy” rating reaffirmed by equities research analysts at BWS Financial in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $980.00 price target on the stock. BWS Financial’s target price would suggest a potential upside of 85.26% from the stock’s previous close.

A number of other research firms also recently weighed in on UI. Wall Street Zen downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Zacks Research cut Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings cut shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Finally, Barclays lifted their price target on shares of Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $750.67.

Ubiquiti Stock Performance

Shares of UI stock traded up $3.16 during trading on Wednesday, hitting $528.98. 5,420 shares of the company were exchanged, compared to its average volume of 114,341. The business’s 50-day simple moving average is $645.62 and its 200 day simple moving average is $692.51. Ubiquiti has a twelve month low of $380.00 and a twelve month high of $1,099.99. The firm has a market capitalization of $32.01 billion, a price-to-earnings ratio of 33.78 and a beta of 1.31.

Ubiquiti (NYSE:UI) last released its earnings results on Friday, May 8th. The company reported $3.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The company had revenue of $788.20 million during the quarter, compared to analysts’ expectations of $814.30 million. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, equities analysts forecast that Ubiquiti will post 14.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL raised its holdings in Ubiquiti by 2,268.1% in the third quarter. Tudor Investment Corp ET AL now owns 20,271 shares of the company’s stock worth $13,391,000 after purchasing an additional 19,415 shares during the period. M&T Bank Corp boosted its position in shares of Ubiquiti by 7,845.7% during the fourth quarter. M&T Bank Corp now owns 98,527 shares of the company’s stock worth $54,520,000 after buying an additional 97,287 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Ubiquiti by 244.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 155,916 shares of the company’s stock worth $88,815,000 after acquiring an additional 110,632 shares during the last quarter. Capital World Investors grew its position in Ubiquiti by 315.9% in the third quarter. Capital World Investors now owns 86,086 shares of the company’s stock valued at $56,867,000 after purchasing an additional 65,386 shares in the last quarter. Finally, Aquatic Capital Management LLC increased its position in shares of Ubiquiti by 304.3% in the third quarter. Aquatic Capital Management LLC now owns 8,086 shares of the company’s stock valued at $5,341,000 after acquiring an additional 6,086 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors.

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.