Ubiquiti (NYSE:UI – Get Free Report)‘s stock had its “buy” rating reiterated by research analysts at BWS Financial in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $980.00 target price on the stock. BWS Financial’s price objective would indicate a potential upside of 68.13% from the stock’s current price.
UI has been the topic of several other reports. Barclays cut their target price on Ubiquiti from $672.00 to $489.00 and set an “underweight” rating on the stock in a report on Monday. Weiss Ratings downgraded Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Finally, Zacks Research lowered Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $734.50.
Check Out Our Latest Stock Report on Ubiquiti
Ubiquiti Stock Down 2.3%
Ubiquiti (NYSE:UI – Get Free Report) last issued its quarterly earnings results on Friday, August 21st. The company reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.70. Ubiquiti had a net margin of 29.33% and a return on equity of 85.57%. The company had revenue of $937.32 million for the quarter, compared to analyst estimates of $850.50 million. During the same quarter in the previous year, the business earned $4.41 earnings per share. As a group, equities research analysts expect that Ubiquiti will post 15.53 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Militia Capital Management LLC bought a new position in shares of Ubiquiti during the 1st quarter worth approximately $1,581,000. Bank of America Corp DE increased its position in shares of Ubiquiti by 22.3% during the first quarter. Bank of America Corp DE now owns 13,750 shares of the company’s stock valued at $10,867,000 after acquiring an additional 2,508 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Ubiquiti during the second quarter valued at approximately $1,526,000. Deutsche Bank AG bought a new stake in Ubiquiti during the second quarter worth $12,832,000. Finally, Cim LLC bought a new stake in Ubiquiti during the first quarter worth $2,594,000. Institutional investors and hedge funds own 4.00% of the company’s stock.
Ubiquiti Company Profile
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.
Read More
- Five stocks we like better than Ubiquiti
- Permian Resources Rally Faces a Test
- Google Cloud Just Gave Rezolve AI a Major Vote of Confidence
- Strategy’s $1.59B Gamble: Checkmate at $80K?
- Semtech Stock Rallies on Strong Q2 Results and Raised Guidance
Receive News & Ratings for Ubiquiti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ubiquiti and related companies with MarketBeat.com's FREE daily email newsletter.
