Ubiquiti (NYSE:UI) Price Target Raised to $247.00 at Barclays

Ubiquiti (NYSE:UI) had its target price raised by research analysts at Barclays from $222.00 to $247.00 in a report issued on Monday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s target price indicates a potential downside of 45.88% from the stock’s previous close.

Separately, BWS Financial reissued a “buy” rating and set a $440.00 price target on shares of Ubiquiti in a research report on Monday.

Ubiquiti Price Performance

Shares of NYSE:UI opened at $456.42 on Monday. The business has a fifty day moving average price of $319.86 and a 200-day moving average price of $338.25. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The company has a market capitalization of $27.61 billion, a PE ratio of 62.01 and a beta of 1.32. Ubiquiti has a 1-year low of $134.72 and a 1-year high of $469.98.

Ubiquiti (NYSE:UI) last announced its quarterly earnings data on Friday, February 14th. The company reported $2.26 EPS for the quarter, beating 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 in the prior year, the business posted $1.36 EPS. As a group, equities analysts expect that Ubiquiti will post 7.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Ubiquiti

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in shares of Ubiquiti during the 1st quarter valued at about $25,000. Brooklyn Investment Group boosted its stake in shares of Ubiquiti by 78.8% during the 1st quarter. Brooklyn Investment Group now owns 93 shares of the company’s stock worth $29,000 after acquiring an additional 41 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Ubiquiti by 484.2% during the 1st quarter. Versant Capital Management Inc now owns 111 shares of the company’s stock worth $34,000 after acquiring an additional 92 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Ubiquiti by 47.0% during 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 during the period. Finally, Venturi Wealth Management LLC increased its stake in shares of Ubiquiti by 71.1% in the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock worth $43,000 after purchasing an additional 54 shares in the last quarter. Hedge funds and other institutional investors 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.