Ubiquiti (NYSE:UI) Downgraded by StockNews.com to Sell

StockNews.com cut shares of Ubiquiti (NYSE:UIFree Report) from a hold rating to a sell rating in a research report report published on Tuesday.

Separately, BWS Financial cut their target price on Ubiquiti from $375.00 to $160.00 and set a buy rating on the stock in a research note on Monday, November 6th.

View Our Latest Stock Report on Ubiquiti

Ubiquiti Price Performance

UI opened at $129.29 on Tuesday. The business’s 50-day moving average is $128.45 and its two-hundred day moving average is $140.33. Ubiquiti has a 1 year low of $103.00 and a 1 year high of $303.76. The firm has a market capitalization of $7.82 billion, a PE ratio of 19.41 and a beta of 1.30.

Ubiquiti (NYSE:UIGet Free Report) last posted its earnings results on Friday, November 3rd. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($1.12). Ubiquiti had a net margin of 21.11% and a negative return on equity of 263.22%. The company had revenue of $463.08 million during the quarter, compared to analysts’ expectations of $547.89 million. As a group, sell-side analysts expect that Ubiquiti will post 7.52 EPS for the current year.

Ubiquiti Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 13th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.86%. The ex-dividend date was Friday, November 10th. This is an increase from Ubiquiti’s previous quarterly dividend of $0.30. Ubiquiti’s dividend payout ratio (DPR) is currently 36.04%.

Institutional Investors Weigh In On Ubiquiti

Several institutional investors have recently added to or reduced their stakes in the business. Laurel Wealth Advisors Inc. lifted its holdings in shares of Ubiquiti by 2.2% during the first quarter. Laurel Wealth Advisors Inc. now owns 2,208 shares of the company’s stock worth $643,000 after purchasing an additional 47 shares during the period. Citigroup Inc. lifted its holdings in shares of Ubiquiti by 2.4% during the first quarter. Citigroup Inc. now owns 2,723 shares of the company’s stock worth $793,000 after purchasing an additional 64 shares during the period. Toroso Investments LLC lifted its holdings in shares of Ubiquiti by 11.0% during the first quarter. Toroso Investments LLC now owns 779 shares of the company’s stock worth $227,000 after purchasing an additional 77 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Ubiquiti by 70.1% during the second quarter. MetLife Investment Management LLC now owns 228 shares of the company’s stock worth $40,000 after purchasing an additional 94 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in shares of Ubiquiti by 15.7% during the third quarter. Captrust Financial Advisors now owns 730 shares of the company’s stock worth $214,000 after purchasing an additional 99 shares during the period. Institutional investors and hedge funds own 3.54% of the company’s stock.

About Ubiquiti

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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.

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