Ubiquiti (NYSE:UI) Upgraded 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 report released on Sunday.

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

Ubiquiti Price Performance

Shares of NYSE:UI opened at $766.27 on Friday. The stock has a market cap of $46.37 billion, a P/E ratio of 52.20 and a beta of 1.40. The firm has a fifty day moving average price of $612.39 and a 200 day moving average price of $609.28. Ubiquiti has a 1-year low of $255.00 and a 1-year high of $803.59.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, February 6th. The company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.80. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The company had revenue of $814.87 million for the quarter, compared to the consensus estimate of $716.95 million. During the same period last year, the business posted $2.28 EPS. The company’s revenue was up 35.8% on a year-over-year basis. Sell-side analysts expect that Ubiquiti will post 7.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Ubiquiti

A number of large investors have recently modified their holdings of the stock. Blue Trust Inc. increased its holdings in shares of Ubiquiti by 87.5% during the fourth quarter. Blue Trust Inc. now owns 45 shares of the company’s stock valued at $25,000 after purchasing an additional 21 shares during the period. Cherry Tree Wealth Management LLC purchased a new position in Ubiquiti in the third quarter valued at about $33,000. Quarry LP acquired a new position in Ubiquiti in the 3rd quarter worth about $34,000. CIBC Private Wealth Group LLC grew its stake in shares of Ubiquiti by 238.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock valued at $39,000 after buying an additional 50 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Ubiquiti by 31.0% in the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock valued at $50,000 after acquiring an additional 18 shares during the last quarter. Institutional investors and hedge funds 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.