Ubiquiti (NYSE:UI) Stock Rating Upgraded by StockNews.com

Ubiquiti (NYSE:UI) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Other equities research analysts also recently issued research reports about the company. Barclays decreased their target price on Ubiquiti from $105.00 to $93.00 and set an “underweight” rating for the company in a research report on Monday, February 12th. BWS Financial reaffirmed a “buy” rating and issued a $160.00 target price on shares of Ubiquiti in a research report on Monday, April 8th.

Ubiquiti Trading Down 0.8 %

UI stock opened at $106.12 on Thursday. The stock has a 50-day moving average price of $115.90 and a two-hundred day moving average price of $121.36. Ubiquiti has a 12-month low of $103.00 and a 12-month high of $254.95. The company has a market cap of $6.42 billion, a PE ratio of 17.23 and a beta of 1.23.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.57). Ubiquiti had a net margin of 19.83% and a negative return on equity of 392.74%. The firm had revenue of $464.95 million for the quarter, compared to analysts’ expectations of $488.56 million. Equities analysts forecast that Ubiquiti will post 6.5 EPS for the current fiscal year.

Institutional Trading of Ubiquiti

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Laurel Wealth Advisors Inc. raised its position in shares of Ubiquiti by 2.2% during the 1st 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. increased its position in Ubiquiti by 2.4% in the 1st quarter. Citigroup Inc. now owns 2,723 shares of the company’s stock valued at $793,000 after acquiring an additional 64 shares during the period. Toroso Investments LLC increased its position in Ubiquiti by 11.0% in the 1st quarter. Toroso Investments LLC now owns 779 shares of the company’s stock valued at $227,000 after acquiring an additional 77 shares during the period. MetLife Investment Management LLC increased its position in Ubiquiti by 70.1% in the 2nd quarter. MetLife Investment Management LLC now owns 228 shares of the company’s stock valued at $40,000 after acquiring an additional 94 shares during the period. Finally, Captrust Financial Advisors increased its position in Ubiquiti by 15.7% in the 3rd quarter. Captrust Financial Advisors now owns 730 shares of the company’s stock valued at $214,000 after acquiring an additional 99 shares during the period. 4.00% of the stock is currently owned by institutional investors and hedge funds.

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.