Universal Electronics (NASDAQ:UEIC) Stock Rating Lowered by Wall Street Zen

Universal Electronics (NASDAQ:UEIC) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday, Wall Street Zen reports.

Other analysts have also issued reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Universal Electronics in a report on Friday, September 18th. Rosenblatt Securities restated a “neutral” rating and issued a $5.00 price objective on shares of Universal Electronics in a research note on Friday, August 7th. Finally, Zacks Research upgraded Universal Electronics to a “hold” rating in a research note on Monday, October 5th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Universal Electronics presently has a consensus rating of “Reduce” and an average price target of $4.25.

Universal Electronics Stock Performance

Universal Electronics stock opened at $4.97 on Friday. Universal Electronics has a fifty-two week low of $2.69 and a fifty-two week high of $5.99. The firm’s 50-day simple moving average is $5.07 and its 200 day simple moving average is $4.47. The stock has a market cap of $64.06 million, a PE ratio of -4.28 and a beta of 1.19.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.03 by $0.31. Universal Electronics had a negative net margin of 4.57% and a positive return on equity of 2.70%. The firm had revenue of $73.24 million during the quarter, compared to analyst estimates of $78.13 million. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS. As a group, analysts predict that Universal Electronics will post 0.25 EPS for the current fiscal year.

Insider Activity

In related news, insider Toro 18 Holdings Llc sold 105,541 shares of Universal Electronics stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $4.63, for a total value of $488,654.83. Following the sale, the insider owned 1,101,832 shares of the company’s stock, valued at approximately $5,101,482.16. The trade was a 8.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 442,815 shares of company stock worth $2,201,304. Company insiders own 17.10% of the company’s stock.

Institutional Trading of Universal Electronics

A number of large investors have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in shares of Universal Electronics during the 2nd quarter valued at $83,000. Hsbc Holdings PLC bought a new position in shares of Universal Electronics during the 2nd quarter worth $108,000. Man Group plc bought a new position in shares of Universal Electronics during the 2nd quarter worth $241,000. Marquette Asset Management LLC purchased a new stake in Universal Electronics in the 2nd quarter worth about $303,000. Finally, Empowered Funds LLC increased its holdings in Universal Electronics by 4.7% in the 1st quarter. Empowered Funds LLC now owns 69,266 shares of the technology company’s stock worth $285,000 after acquiring an additional 3,088 shares during the last quarter. 79.35% of the stock is owned by hedge funds and other institutional investors.

About Universal Electronics

Universal Electronics Inc (NASDAQ: UEIC) designs, develops and distributes consumer electronics products and technologies that simplify the control of home entertainment and smart-home devices. Its offerings include universal remote controls, wireless home-control products, audio and video accessories, and related software and connected-device solutions.

The company serves original equipment manufacturers, subscription television providers, retailers and consumers. Its products are marketed under the One For All and other company brands, as well as through private-label and licensed-brand arrangements.