Ubiquiti (NYSE:UI) Upgraded at Zacks Research

Zacks Research upgraded shares of Ubiquiti (NYSE:UI) from a hold rating to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Barclays raised their price target on Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research report on Monday, May 11th. BWS Financial restated a “buy” rating and issued a $980.00 price objective on shares of Ubiquiti in a research report on Wednesday, July 8th. Weiss Ratings lowered Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Finally, Wall Street Zen cut Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $750.67.

Ubiquiti Stock Performance

Shares of UI stock opened at $545.69 on Thursday. The company has a 50 day moving average price of $576.75 and a 200 day moving average price of $690.20. The stock has a market capitalization of $33.03 billion, a P/E ratio of 35.07 and a beta of 1.31. Ubiquiti has a fifty-two week low of $380.00 and a fifty-two week high of $1,099.99.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, May 8th. The company reported $3.88 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The business had revenue of $788.20 million for the quarter, compared to analysts’ expectations of $814.30 million. Ubiquiti’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, research analysts forecast that Ubiquiti will post 14.82 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, May 18th. Ubiquiti’s payout ratio is presently 20.57%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Handelsbanken Fonder AB boosted its holdings in shares of Ubiquiti by 565.3% during the second quarter. Handelsbanken Fonder AB now owns 10,245 shares of the company’s stock worth $5,471,000 after purchasing an additional 8,705 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Ubiquiti by 26.5% in the first quarter. Pacer Advisors Inc. now owns 7,594 shares of the company’s stock valued at $6,001,000 after purchasing an additional 1,593 shares during the period. Militia Capital Management LLC acquired a new position in Ubiquiti in the first quarter valued at $1,581,000. Parallel Advisors LLC increased its stake in Ubiquiti by 34.0% in the first quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock valued at $778,000 after purchasing an additional 250 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in Ubiquiti by 718.2% during the first quarter. NewEdge Advisors LLC now owns 450 shares of the company’s stock worth $356,000 after buying an additional 395 shares during the period. 4.00% of the stock is currently owned by institutional investors and hedge funds.

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.