Uniti Group (NASDAQ:UNIT) Stock Jumps 5.7% – Still a Buy?

Uniti Group Inc. (NASDAQ:UNIT)’s stock price was up 5.7% during trading on Friday. The company traded as high as $4.50 and last traded at $4.5440. 464,101 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 2,706,018 shares. The stock had previously closed at $4.30.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Raymond James Financial reissued a “strong-buy” rating and set a $12.00 price target on shares of Uniti Group in a research note on Tuesday. TD Cowen reduced their price objective on Uniti Group from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Citigroup decreased their price objective on Uniti Group from $11.75 to $5.00 and set a “neutral” rating on the stock in a report on Thursday. JPMorgan Chase & Co. lowered their target price on Uniti Group from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Weiss Ratings downgraded Uniti Group from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Uniti Group presently has a consensus rating of “Hold” and a consensus price target of $9.50.

Uniti Group Trading Up 6.7%

The firm has a market capitalization of $1.11 billion, a PE ratio of -1.41 and a beta of 1.45. The business’s 50 day simple moving average is $7.20 and its 200 day simple moving average is $9.31.

Uniti Group (NASDAQ:UNIT) last announced its earnings results on Monday, November 9th. The real estate investment trust reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.63) by ($0.40). The business had revenue of $848.10 million for the quarter, compared to analysts’ expectations of $851.37 million. Uniti Group had a negative net margin of 21.20% and a negative return on equity of 397.08%. Analysts forecast that Uniti Group Inc. will post -2.17 earnings per share for the current year.

Institutional Investors Weigh In On Uniti Group

Several large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. raised its position in Uniti Group by 135.6% during the first quarter. Sei Investments Co. now owns 188,432 shares of the real estate investment trust’s stock valued at $1,767,000 after purchasing an additional 108,438 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Uniti Group in the 1st quarter worth approximately $1,781,000. First Trust Advisors LP purchased a new position in shares of Uniti Group in the 1st quarter worth approximately $4,203,000. BTG Pactual Asset Management US LLC purchased a new position in shares of Uniti Group in the 2nd quarter worth approximately $1,583,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Uniti Group during the 2nd quarter valued at approximately $15,701,000. 87.51% of the stock is owned by institutional investors.

Uniti Group Company Profile

Uniti Group is a communications infrastructure company that owns, builds and operates fiber-optic networks and related broadband assets. Its network infrastructure supports broadband, wireless, enterprise and government communications, including fiber connectivity for businesses and other network operators. Founded in 2015 as a spin-off from Windstream, Uniti initially focused on owning and leasing communications infrastructure, including fiber networks. In 2025, Uniti combined with Windstream, bringing together infrastructure operations with Windstream’s Kinetic broadband and enterprise services.