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

Ubiquiti (NYSE:UI)‘s stock had its “buy” rating restated by stock analysts at BWS Financial in a research note issued to investors on Monday,Benzinga reports. They presently have a $980.00 price objective on the stock. BWS Financial’s price objective indicates a potential upside of 31.61% from the stock’s current price.

Several other research analysts also recently commented on the company. Weiss Ratings raised Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. Barclays boosted their target price on Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research note on Monday. Wall Street Zen downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Zacks Research downgraded Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Ubiquiti presently has a consensus rating of “Hold” and an average price target of $750.67.

Ubiquiti Price Performance

UI stock traded down $97.49 during midday trading on Monday, reaching $744.62. The company had a trading volume of 193,891 shares, compared to its average volume of 105,544. The company has a market capitalization of $45.06 billion, a price-to-earnings ratio of 47.87 and a beta of 1.46. The stock has a 50 day moving average price of $870.91 and a 200-day moving average price of $703.44. Ubiquiti has a 1-year low of $368.42 and a 1-year high of $1,099.99.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, May 8th. The company reported $3.88 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). The company had revenue of $788.20 million during the quarter, compared to analyst estimates of $814.30 million. Ubiquiti had a net margin of 30.43% and a return on equity of 106.03%. The firm’s revenue was up 18.7% compared to the same quarter last year. As a group, research analysts anticipate that Ubiquiti will post 14.04 earnings per share for the current year.

Institutional Trading of Ubiquiti

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC grew its holdings in shares of Ubiquiti by 73,940.4% during the fourth quarter. Corient Private Wealth LLC now owns 1,113,568 shares of the company’s stock worth $616,193,000 after purchasing an additional 1,112,064 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Ubiquiti by 11.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 183,464 shares of the company’s stock worth $101,520,000 after purchasing an additional 19,504 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Ubiquiti by 244.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 155,916 shares of the company’s stock worth $88,815,000 after purchasing an additional 110,632 shares during the last quarter. Morgan Stanley boosted its holdings in Ubiquiti by 7.7% in the fourth quarter. Morgan Stanley now owns 102,022 shares of the company’s stock valued at $56,454,000 after acquiring an additional 7,338 shares during the last quarter. Finally, Capital World Investors boosted its holdings in Ubiquiti by 16.2% in the fourth quarter. Capital World Investors now owns 100,056 shares of the company’s stock valued at $55,366,000 after acquiring an additional 13,970 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors.

About Ubiquiti

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.