Ubiquiti (NYSE:UI) Raised to “Buy” at Wall Street Zen

Ubiquiti (NYSE:UI) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

A number of other research analysts also recently commented on the company. BWS Financial increased their target price on Ubiquiti from $720.00 to $980.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Weiss Ratings upgraded Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Finally, Barclays increased their target price on Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $702.33.

Ubiquiti Stock Performance

NYSE UI opened at $1,083.78 on Friday. The company has a market capitalization of $65.59 billion, a P/E ratio of 73.83 and a beta of 1.32. Ubiquiti has a one year low of $282.82 and a one year high of $1,093.40. The stock has a 50 day moving average price of $808.62 and a 200-day moving average price of $680.10.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, February 6th. The company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.80. The firm had revenue of $814.87 million during the quarter, compared to the consensus estimate of $716.95 million. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The company’s quarterly revenue was up 35.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.28 EPS. As a group, equities analysts predict that Ubiquiti will post 14.04 EPS for the current fiscal year.

Institutional Trading of Ubiquiti

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in Ubiquiti by 87.5% in the fourth quarter. Blue Trust Inc. now owns 45 shares of the company’s stock worth $25,000 after purchasing an additional 21 shares during the period. Cherry Tree Wealth Management LLC purchased a new stake in Ubiquiti in the third quarter worth $33,000. Quarry LP purchased a new stake in Ubiquiti in the third quarter worth $34,000. CIBC Private Wealth Group LLC increased its stake in Ubiquiti by 238.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock worth $39,000 after purchasing an additional 50 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its stake in Ubiquiti by 216.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79 shares of the company’s stock worth $44,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 4.00% of the company’s stock.

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.