Ubiquiti (NYSE:UI) Earns “Buy” Rating from BWS Financial

Ubiquiti (NYSE:UI)‘s stock had its “buy” rating reiterated by research analysts at BWS Financial in a research note issued to investors on Monday, Benzinga reports. They currently have a $980.00 price target on the stock. BWS Financial‘s price target would indicate a potential upside of 42.90% from the stock’s current price.

UI has been the topic of a number of other research reports. Barclays lifted their target price on Ubiquiti from $489.00 to $537.00 and gave the company an “underweight” rating in a research report on Monday. Weiss Ratings downgraded Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 30th. Finally, Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $758.50.

Ubiquiti Stock Up 15.7%

Shares of UI traded up $92.97 during midday trading on Monday, hitting $685.82. The company’s stock had a trading volume of 165,365 shares, compared to its average volume of 117,598. Ubiquiti has a one year low of $500.23 and a one year high of $1,099.99. The company’s fifty day simple moving average is $586.72 and its two-hundred day simple moving average is $657.17. The stock has a market capitalization of $41.49 billion, a price-to-earnings ratio of 38.72 and a beta of 1.34.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, November 6th. The company reported $5.32 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $1.07. Ubiquiti had a return on equity of 87.95% and a net margin of 30.08%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $977.45 million. On average, research analysts predict that Ubiquiti will post 16.94 earnings per share for the current year.

Institutional Investors Weigh In On Ubiquiti

Several institutional investors and hedge funds have recently made changes to their positions in UI. Bank of America Corp DE bought a new position in shares of Ubiquiti during the second quarter worth about $17,647,000. Diversify Advisory Services LLC acquired a new position in shares of Ubiquiti in the second quarter worth approximately $1,526,000. Canada Pension Plan Investment Board bought a new stake in Ubiquiti in the second quarter valued at approximately $19,140,000. Militia Capital Management LLC bought a new stake in Ubiquiti in the first quarter valued at approximately $1,581,000. Finally, Deutsche Bank AG bought a new stake in Ubiquiti in the second quarter valued at approximately $12,832,000. Institutional investors and hedge funds own 4.00% of the company’s stock.

About Ubiquiti

Ubiquiti Inc develops and sells networking technology for businesses, service providers and consumers. Its products include wireless access points, routers, switches and broadband wireless equipment, along with network management software and security devices such as cameras and access control systems.

The company markets products under brands including UniFi, airMAX, EdgeMAX and AmpliFi. Its UniFi platform brings together networking, video surveillance and access control products with centralized management tools.

Founded in 2003 by Robert Pera, Ubiquiti serves customers globally through distributors, online channels and retail partners.