BWS Financial Reaffirms Buy Rating for Ubiquiti (NYSE:UI)

BWS Financial reaffirmed their buy rating on shares of Ubiquiti (NYSE:UI) in a report published on Monday morning, Benzinga reports. BWS Financial currently has a $160.00 price target on the stock.

Several other equities research analysts have also recently commented on the stock. Barclays boosted their price objective on shares of Ubiquiti from $93.00 to $108.00 and gave the company an underweight rating in a research report on Monday, May 13th. StockNews.com raised shares of Ubiquiti from a sell rating to a hold rating in a research report on Thursday, April 18th.

Ubiquiti Trading Down 0.0 %

Shares of NYSE UI opened at $151.71 on Monday. The company’s fifty day moving average is $141.25 and its 200-day moving average is $127.76. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 26.20 and a beta of 1.18. Ubiquiti has a twelve month low of $103.00 and a twelve month high of $189.33. The company has a quick ratio of 1.84, a current ratio of 3.95 and a debt-to-equity ratio of 32.43.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, May 10th. The company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.51). The firm had revenue of $493.00 million for the quarter, compared to the consensus estimate of $497.51 million. Ubiquiti had a negative return on equity of 829.74% and a net margin of 18.30%. Equities research analysts predict that Ubiquiti will post 5.71 EPS for the current year.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 20th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.40 annualized dividend and a yield of 1.58%. Ubiquiti’s dividend payout ratio is currently 41.45%.

Institutional Investors Weigh In On Ubiquiti

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC increased its stake in Ubiquiti by 435.0% in the 4th quarter. Quadrant Capital Group LLC now owns 214 shares of the company’s stock valued at $30,000 after buying an additional 174 shares during the last quarter. Parallel Advisors LLC increased its stake in Ubiquiti by 116.5% in the 4th quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock valued at $31,000 after buying an additional 120 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Ubiquiti in the 4th quarter valued at $42,000. Fairman Group LLC acquired a new stake in Ubiquiti in the 4th quarter valued at $52,000. Finally, Signaturefd LLC increased its stake in Ubiquiti by 105.4% in the 4th quarter. Signaturefd LLC now owns 415 shares of the company’s stock valued at $58,000 after buying an additional 213 shares during the last quarter. 4.00% of the stock is currently 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.