Wall Street Zen cut shares of Universal Electronics (NASDAQ:UEIC – Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday morning,Wall Street Zen reports.
A number of other research analysts have also weighed in on the company. Rosenblatt Securities restated a “neutral” rating and set a $5.00 price objective on shares of Universal Electronics in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Universal Electronics in a report on Friday, September 18th. Finally, Zacks Research upgraded Universal Electronics to a “hold” rating in a research report on Monday, October 5th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Universal Electronics has a consensus rating of “Reduce” and an average price target of $4.25.
Read Our Latest Stock Analysis on UEIC
Universal Electronics Stock Performance
Shares of NASDAQ:UEIC opened at $5.26 on Friday. The firm has a fifty day moving average price of $5.08 and a 200 day moving average price of $4.48. Universal Electronics has a fifty-two week low of $2.69 and a fifty-two week high of $5.99. The firm has a market cap of $67.80 million, a price-to-earnings ratio of -4.53 and a beta of 1.30.
Universal Electronics (NASDAQ:UEIC – Get Free Report) last posted its earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.31. The company had revenue of $73.24 million during the quarter, compared to analysts’ expectations of $78.13 million. Universal Electronics had a negative net margin of 4.57% and a positive return on equity of 2.70%. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS. As a group, research analysts predict that Universal Electronics will post 0.25 earnings per share for the current year.
Insider Activity at Universal Electronics
In related news, major shareholder Toro 18 Holdings Llc sold 200,000 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $5.22, for a total value of $1,044,000.00. Following the completion of the transaction, the insider directly owned 1,344,647 shares of the company’s stock, valued at approximately $7,019,057.34. This trade represents a 12.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 442,815 shares of company stock worth $2,201,304. 17.10% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Universal Electronics
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Universal Electronics during the second quarter valued at $1,860,000. Renaissance Technologies LLC increased its holdings in shares of Universal Electronics by 1.4% in the 1st quarter. Renaissance Technologies LLC now owns 215,723 shares of the technology company’s stock worth $889,000 after buying an additional 3,071 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Universal Electronics in the 2nd quarter worth about $349,000. Marquette Asset Management LLC bought a new stake in shares of Universal Electronics in the 2nd quarter worth about $303,000. Finally, Man Group plc bought a new stake in shares of Universal Electronics in the 2nd quarter worth about $241,000. Hedge funds and other institutional investors own 79.35% of the company’s stock.
About Universal Electronics
Universal Electronics Inc (NASDAQ: UEIC) designs, develops and distributes consumer electronics products and technologies that simplify the control of home entertainment and smart-home devices. Its offerings include universal remote controls, wireless home-control products, audio and video accessories, and related software and connected-device solutions.
The company serves original equipment manufacturers, subscription television providers, retailers and consumers. Its products are marketed under the One For All and other company brands, as well as through private-label and licensed-brand arrangements.
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