Ubiquiti (NYSE:UI) Receives Buy Rating from BWS Financial

BWS Financial reissued their buy rating on shares of Ubiquiti (NYSE:UI) in a research report report published on Friday,Benzinga reports. The brokerage currently has a $440.00 price objective on the stock.

Separately, Barclays lowered their price target on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a report on Monday, February 10th.

Ubiquiti Trading Down 5.4 %

Shares of Ubiquiti stock opened at $274.04 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The stock has a market capitalization of $16.58 billion, a PE ratio of 37.23 and a beta of 1.31. Ubiquiti has a 1-year low of $104.24 and a 1-year high of $469.98. The company’s fifty day simple moving average is $339.36 and its 200-day simple moving average is $319.34.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same quarter last year, the firm earned $1.36 earnings per share. As a group, equities analysts anticipate that Ubiquiti will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Tuesday, February 18th. Ubiquiti’s dividend payout ratio (DPR) is 32.61%.

Insider Buying and Selling

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total value of $347,990.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,484 shares in the company, valued at $864,407.16. This represents a 28.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 93.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ubiquiti

Several institutional investors and hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc grew its stake in Ubiquiti by 484.2% during the first quarter. Versant Capital Management Inc now owns 111 shares of the company’s stock valued at $34,000 after acquiring an additional 92 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Ubiquiti by 46.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,753 shares of the company’s stock valued at $582,000 after purchasing an additional 555 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Ubiquiti in the fourth quarter worth about $330,000. Point72 Hong Kong Ltd purchased a new stake in shares of Ubiquiti in the fourth quarter worth about $730,000. Finally, Quantinno Capital Management LP boosted its stake in Ubiquiti by 27.5% during the fourth quarter. Quantinno Capital Management LP now owns 4,682 shares of the company’s stock valued at $1,554,000 after buying an additional 1,011 shares during the last quarter. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Company Profile

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.