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

Ubiquiti (NYSE:UI)‘s stock had its “buy” rating reissued by equities researchers at BWS Financial in a report released on Monday,Benzinga reports. They currently have a $440.00 target price on the stock. BWS Financial’s price objective indicates a potential upside of 26.35% from the company’s current price.

Several other brokerages have also recently commented on UI. Barclays dropped their target price on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a research report on Monday. StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th.

Ubiquiti Price Performance

Shares of UI stock opened at $348.24 on Monday. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 53.91 and a beta of 1.14. Ubiquiti has a 12 month low of $104.24 and a 12 month high of $469.98. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80. The stock has a 50-day moving average price of $369.49 and a 200 day moving average price of $283.43.

Ubiquiti (NYSE:UI) last issued its quarterly earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. Research analysts expect that Ubiquiti will post 7.21 EPS for the current year.

Hedge Funds Weigh In On Ubiquiti

A number of hedge funds and other institutional investors have recently made changes to their positions in UI. Huntington National Bank boosted its holdings in shares of Ubiquiti by 267.6% in the third quarter. Huntington National Bank now owns 125 shares of the company’s stock valued at $28,000 after buying an additional 91 shares during the period. Farther Finance Advisors LLC lifted its position in Ubiquiti by 47.0% in the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock valued at $40,000 after acquiring an additional 39 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Ubiquiti by 71.1% in the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock valued at $43,000 after acquiring an additional 54 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in Ubiquiti in the 3rd quarter worth $47,000. Finally, Blue Trust Inc. increased its holdings in Ubiquiti by 78.8% during the 4th quarter. Blue Trust Inc. now owns 143 shares of the company’s stock worth $47,000 after purchasing an additional 63 shares in the last quarter. 4.00% of the stock is owned by 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.