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

Ubiquiti (NYSE:UI)‘s stock had its “buy” rating reaffirmed by BWS Financial in a research note issued to investors on Friday,Benzinga reports. They presently have a $440.00 price objective on the stock. BWS Financial’s target price suggests a potential upside of 60.56% from the company’s previous close.

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

Ubiquiti Stock Performance

Shares of Ubiquiti stock opened at $274.04 on Friday. The company has a market capitalization of $16.58 billion, a PE ratio of 37.23 and a beta of 1.31. The company has a 50-day simple moving average of $339.36 and a two-hundred day simple moving average of $320.12. Ubiquiti has a one year low of $104.24 and a one year high of $469.98. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22.

Ubiquiti (NYSE:UI) last posted its quarterly earnings data 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 20.68% and a return on equity of 296.82%. During the same quarter last year, the firm posted $1.36 earnings per share. Research analysts expect that Ubiquiti will post 7.21 EPS for the current fiscal year.

Insider Buying and Selling

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 value of $347,990.00. Following the transaction, the chief accounting officer now directly owns 2,484 shares of the company’s stock, valued at $864,407.16. This represents a 28.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 93.10% of the stock is owned by company insiders.

Institutional Trading of Ubiquiti

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UI. Caprock Group LLC lifted its stake in Ubiquiti by 2.3% during the 4th quarter. Caprock Group LLC now owns 1,085 shares of the company’s stock valued at $360,000 after acquiring an additional 24 shares during the period. National Bank of Canada FI raised its holdings in shares of Ubiquiti by 10.4% during the fourth quarter. National Bank of Canada FI now owns 350 shares of the company’s stock worth $116,000 after purchasing an additional 33 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock valued at $40,000 after purchasing an additional 39 shares during the period. Sterling Capital Management LLC boosted its holdings in Ubiquiti by 30.2% in the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company’s stock valued at $56,000 after purchasing an additional 39 shares during the last quarter. Finally, Hanseatic Management Services Inc. grew its position in Ubiquiti by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 384 shares of the company’s stock worth $127,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Company Profile

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.