Ubiquiti (NYSE:UI) Stock Rating Upgraded by StockNews.com

Ubiquiti (NYSE:UI) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

UI has been the topic of several other research reports. BWS Financial reissued a “buy” rating and issued a $160.00 target price on shares of Ubiquiti in a research note on Monday, April 8th. Barclays cut their target price on Ubiquiti from $105.00 to $93.00 and set an “underweight” rating on the stock in a research note on Monday, February 12th.

Ubiquiti Stock Down 0.8 %

Shares of UI opened at $106.12 on Thursday. Ubiquiti has a 12-month low of $103.00 and a 12-month high of $254.95. The firm has a market capitalization of $6.42 billion, a PE ratio of 17.23 and a beta of 1.23. The stock’s fifty day simple moving average is $115.90 and its 200-day simple moving average is $121.36.

Ubiquiti (NYSE:UI) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.57). Ubiquiti had a net margin of 19.83% and a negative return on equity of 392.74%. The firm had revenue of $464.95 million for the quarter, compared to analyst estimates of $488.56 million. Analysts anticipate that Ubiquiti will post 6.5 EPS for the current year.

Institutional Investors Weigh In On Ubiquiti

Several large investors have recently modified their holdings of the business. SW Investment Management LLC increased its holdings in shares of Ubiquiti by 17.3% in the fourth quarter. SW Investment Management LLC now owns 305,000 shares of the company’s stock worth $42,566,000 after acquiring an additional 45,000 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Ubiquiti by 7.3% in the second quarter. BlackRock Inc. now owns 287,510 shares of the company’s stock worth $50,530,000 after acquiring an additional 19,474 shares in the last quarter. State Street Corp increased its holdings in shares of Ubiquiti by 2.5% in the first quarter. State Street Corp now owns 105,612 shares of the company’s stock worth $30,750,000 after acquiring an additional 2,610 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Ubiquiti by 0.7% in the first quarter. Vanguard Group Inc. now owns 105,479 shares of the company’s stock worth $30,710,000 after acquiring an additional 739 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Ubiquiti by 48.8% in the fourth quarter. First Trust Advisors LP now owns 100,482 shares of the company’s stock worth $14,023,000 after acquiring an additional 32,953 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors.

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.