BWS Financial Raises Ubiquiti (NYSE:UI) Price Target to $385.00

Ubiquiti (NYSE:UI) had its target price hoisted by BWS Financial from $240.00 to $385.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BWS Financial’s price objective would indicate a potential upside of 10.06% from the stock’s current price.

UI has been the topic of several other reports. Barclays lifted their price objective on shares of Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research report on Monday. StockNews.com downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research report on Tuesday, September 3rd.

Ubiquiti Stock Performance

Shares of NYSE UI opened at $349.82 on Monday. The stock has a market capitalization of $21.15 billion, a P/E ratio of 54.15 and a beta of 1.13. The firm’s 50-day moving average price is $234.00 and its two-hundred day moving average price is $182.44. Ubiquiti has a 52-week low of $104.24 and a 52-week high of $352.90. The company has a quick ratio of 1.59, a current ratio of 3.22 and a debt-to-equity ratio of 7.05.

Ubiquiti (NYSE:UI) last released its quarterly earnings data on Friday, August 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.17). Ubiquiti had a net margin of 18.15% and a return on equity of 3,321.33%. The company had revenue of $507.50 million for the quarter, compared to analyst estimates of $538.23 million. The business’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts forecast that Ubiquiti will post 7.09 earnings per share for the current year.

Institutional Trading of Ubiquiti

Institutional investors have recently made changes to their positions in the stock. Huntington National Bank raised its holdings in Ubiquiti by 267.6% during the third quarter. Huntington National Bank now owns 125 shares of the company’s stock worth $28,000 after purchasing an additional 91 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Ubiquiti in the second quarter valued at $44,000. Raleigh Capital Management Inc. bought a new position in Ubiquiti during the third quarter valued at about $47,000. Covestor Ltd grew its holdings in Ubiquiti by 29.0% during the first quarter. Covestor Ltd now owns 516 shares of the company’s stock worth $60,000 after acquiring an additional 116 shares during the period. Finally, Hanseatic Management Services Inc. bought a new stake in Ubiquiti in the third quarter worth about $76,000. 4.00% of the stock is owned by institutional investors and hedge funds.

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.