Ubiquiti (NYSE:UI) Price Target Raised to $440.00 at BWS Financial

Ubiquiti (NYSE:UI) had its price target upped by stock analysts at BWS Financial from $385.00 to $440.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BWS Financial’s price target would indicate a potential upside of 7.32% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th. Barclays lifted their price objective on shares of Ubiquiti from $104.00 to $236.00 and gave the stock an “underweight” rating in a research note on Monday, November 11th.

Ubiquiti Stock Performance

UI traded up $16.34 during trading on Wednesday, hitting $409.97. The stock had a trading volume of 51,767 shares, compared to its average volume of 83,067. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32. The company has a 50 day moving average price of $342.27 and a 200-day moving average price of $250.36. Ubiquiti has a one year low of $104.24 and a one year high of $413.68. The firm has a market cap of $24.79 billion, a price-to-earnings ratio of 63.46 and a beta of 1.14.

Institutional Investors Weigh In On Ubiquiti

A number of large investors have recently bought and sold shares of UI. Huntington National Bank increased its stake in Ubiquiti by 267.6% in the third quarter. Huntington National Bank now owns 125 shares of the company’s stock valued at $28,000 after acquiring an additional 91 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in Ubiquiti in the third quarter valued at about $47,000. Hanseatic Management Services Inc. bought a new position in Ubiquiti in the third quarter valued at about $76,000. Harvest Fund Management Co. Ltd acquired a new position in Ubiquiti during the third quarter worth about $126,000. Finally, Atria Investments Inc bought a new position in Ubiquiti in the 3rd quarter valued at approximately $210,000. 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.