Ubiquiti (NYSE:UI) Downgraded by Wall Street Zen to “Hold”

Ubiquiti (NYSE:UI) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other research analysts have also weighed in on the company. Barclays raised their price objective on Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a research report on Friday, February 6th. Zacks Research upgraded Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ubiquiti in a research note on Monday, December 29th. Finally, BWS Financial reiterated a “buy” rating and set a $720.00 target price on shares of Ubiquiti in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ubiquiti presently has an average rating of “Moderate Buy” and a consensus price target of $615.67.

Ubiquiti Price Performance

Ubiquiti stock opened at $750.16 on Friday. Ubiquiti has a 1 year low of $255.00 and a 1 year high of $803.59. The firm’s 50 day moving average price is $592.42 and its 200-day moving average price is $598.10. The stock has a market cap of $45.40 billion, a P/E ratio of 51.10 and a beta of 1.40.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, February 6th. The company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.80. The firm had revenue of $814.87 million during the quarter, compared to analyst estimates of $716.95 million. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. Ubiquiti’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.28 earnings per share. As a group, equities analysts expect that Ubiquiti will post 7.21 EPS for the current year.

Institutional Trading of Ubiquiti

Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in Ubiquiti by 33.8% during the first quarter. Goldman Sachs Group Inc. now owns 33,836 shares of the company’s stock valued at $10,494,000 after acquiring an additional 8,551 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Ubiquiti by 22.1% during the 1st quarter. Woodline Partners LP now owns 1,214 shares of the company’s stock worth $377,000 after purchasing an additional 220 shares during the period. Jane Street Group LLC grew its holdings in Ubiquiti by 12.9% during the 1st quarter. Jane Street Group LLC now owns 13,768 shares of the company’s stock valued at $4,270,000 after purchasing an additional 1,570 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Ubiquiti in the 2nd quarter worth about $260,000. Finally, Cullen Frost Bankers Inc. lifted its stake in Ubiquiti by 1,075.0% in the second quarter. Cullen Frost Bankers Inc. now owns 94 shares of the company’s stock worth $39,000 after purchasing an additional 86 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors.

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.