Ubiquiti (NYSE:UI) Given “Buy” Rating at BWS Financial

Ubiquiti (NYSE:UI)‘s stock had its “buy” rating restated by equities research analysts at BWS Financial in a report released on Monday,Benzinga reports. They presently have a $440.00 price target on the stock. BWS Financial’s price target points to a potential upside of 23.69% from the company’s current price.

A number of other brokerages also recently commented on UI. StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th. Barclays reduced their target price on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a report on Monday.

Ubiquiti Price Performance

Shares of NYSE:UI traded down $34.27 on Monday, reaching $355.74. 170,742 shares of the company traded hands, compared to its average volume of 104,501. Ubiquiti has a fifty-two week low of $104.24 and a fifty-two week high of $469.98. The company’s 50 day moving average is $369.19 and its 200-day moving average is $282.06. The stock has a market capitalization of $21.51 billion, a PE ratio of 54.86 and a beta of 1.14. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32.

Ubiquiti (NYSE:UI) last announced its quarterly earnings data on Friday, February 14th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. As a group, analysts anticipate that Ubiquiti will post 7.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ubiquiti

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its position in Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock valued at $40,000 after acquiring an additional 39 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Ubiquiti in the fourth quarter valued at approximately $1,531,000. Wealthfront Advisers LLC bought a new position in shares of Ubiquiti in the fourth quarter valued at approximately $9,274,000. Edgestream Partners L.P. raised its position in shares of Ubiquiti by 103.0% in the fourth quarter. Edgestream Partners L.P. now owns 10,258 shares of the company’s stock valued at $3,405,000 after purchasing an additional 5,204 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Ubiquiti in the fourth quarter valued at approximately $1,246,000. Institutional investors own 4.00% of the company’s stock.

About Ubiquiti

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.