Ubiquiti (NYSE:UI) Raised to “Strong-Buy” at Zacks Research

Ubiquiti (NYSE:UI) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other research analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Barclays raised their target price on Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. Weiss Ratings downgraded Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Finally, BWS Financial reissued a “buy” rating and issued a $980.00 price objective on shares of Ubiquiti in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $750.67.

Ubiquiti Stock Performance

Ubiquiti stock opened at $545.69 on Thursday. Ubiquiti has a fifty-two week low of $380.00 and a fifty-two week high of $1,099.99. The company has a market cap of $33.02 billion, a PE ratio of 35.07 and a beta of 1.31. The business’s 50-day simple moving average is $576.75 and its two-hundred day simple moving average is $690.20.

Ubiquiti (NYSE:UI) last released its 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). Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The firm had revenue of $788.20 million for the quarter, compared to analyst estimates of $814.30 million. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. As a group, analysts predict that Ubiquiti will post 14.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Ubiquiti

A number of institutional investors and hedge funds have recently made changes to their positions in UI. Corient Private Wealth LLC lifted its stake in Ubiquiti by 73,940.4% during the 4th quarter. Corient Private Wealth LLC now owns 1,113,568 shares of the company’s stock worth $616,193,000 after acquiring an additional 1,112,064 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Ubiquiti by 11.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 183,464 shares of the company’s stock valued at $101,520,000 after purchasing an additional 19,504 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Ubiquiti by 244.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 155,916 shares of the company’s stock worth $88,815,000 after buying an additional 110,632 shares in the last quarter. Morgan Stanley boosted its position in Ubiquiti by 7.7% in the 4th quarter. Morgan Stanley now owns 102,022 shares of the company’s stock valued at $56,454,000 after buying an additional 7,338 shares during the period. Finally, Capital World Investors grew its stake in shares of Ubiquiti by 16.2% in the fourth quarter. Capital World Investors now owns 100,056 shares of the company’s stock worth $55,366,000 after acquiring an additional 13,970 shares in the last quarter. 4.00% of the stock is owned by hedge funds and other 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.