Ubiquiti (NYSE:UI) Lowered to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Ubiquiti (NYSE:UI) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

UI has been the subject of several other research reports. Wall Street Zen raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday. BWS Financial increased their price target on shares of Ubiquiti from $720.00 to $980.00 and gave the company a “buy” rating in a report on Monday, April 13th. Barclays raised their price objective on shares of Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a research report on Friday, February 6th. Finally, Weiss Ratings raised Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $702.33.

Ubiquiti Trading Down 2.0%

UI opened at $1,006.54 on Tuesday. The stock’s fifty day simple moving average is $820.60 and its 200 day simple moving average is $684.92. Ubiquiti has a 1-year low of $300.40 and a 1-year high of $1,099.99. The stock has a market cap of $60.92 billion, a PE ratio of 68.57 and a beta of 1.32.

Ubiquiti (NYSE:UI) last released its quarterly earnings data on Friday, February 6th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.80. The firm had revenue of $814.87 million during the quarter, compared to analysts’ expectations of $716.95 million. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. The company’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.28 earnings per share. Equities analysts forecast that Ubiquiti will post 14.04 earnings per share for the current year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, February 17th. Ubiquiti’s dividend payout ratio (DPR) is 21.80%.

Institutional Investors Weigh In On Ubiquiti

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in shares of Ubiquiti by 87.5% in the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock valued at $25,000 after purchasing an additional 21 shares during the last quarter. Cherry Tree Wealth Management LLC bought a new stake in shares of Ubiquiti during the 3rd quarter worth $33,000. Quarry LP bought a new stake in shares of Ubiquiti during the 3rd quarter worth $34,000. CIBC Private Wealth Group LLC boosted its stake in Ubiquiti by 238.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock valued at $39,000 after buying an additional 50 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in Ubiquiti by 31.0% in the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock valued at $50,000 after buying an additional 18 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors.

Ubiquiti Company Profile

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.