Ubiquiti (NYSE:UI) Stock Rating Upgraded by ValuEngine

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Ubiquiti (NYSE:UI) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Monday, November 11th, ValuEngine reports.

UI has been the topic of a number of other research reports. BWS Financial boosted their price objective on shares of Ubiquiti from $150.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Zacks Investment Research lowered shares of Ubiquiti from a “buy” rating to a “hold” rating and set a $135.00 price objective on the stock. in a research report on Monday, October 28th. Finally, Barclays boosted their price objective on shares of Ubiquiti from $100.00 to $145.00 in a research report on Monday, November 11th.

Shares of Ubiquiti stock traded down $0.83 on Monday, hitting $195.39. The company had a trading volume of 159,229 shares, compared to its average volume of 366,459. The company has a market capitalization of $12.79 billion, a price-to-earnings ratio of 41.22, a P/E/G ratio of 3.63 and a beta of 1.48. Ubiquiti has a twelve month low of $92.08 and a twelve month high of $199.91. The company has a debt-to-equity ratio of 4.68, a current ratio of 2.64 and a quick ratio of 1.57. The company has a 50-day simple moving average of $158.63.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, November 8th. The company reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.16. The company had revenue of $323.30 million during the quarter, compared to analysts’ expectations of $307.95 million. Ubiquiti had a net margin of 27.88% and a return on equity of 841.80%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 earnings per share. As a group, equities analysts predict that Ubiquiti will post 5.78 EPS for the current fiscal year.

In other Ubiquiti news, Director Ronald Sege sold 6,342 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $186.24, for a total transaction of $1,181,134.08. Following the sale, the director now directly owns 6,342 shares of the company’s stock, valued at $1,181,134.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 86.67% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC acquired a new position in shares of Ubiquiti in the third quarter valued at about $54,000. Tower Research Capital LLC TRC acquired a new position in shares of Ubiquiti in the third quarter valued at about $85,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Ubiquiti in the third quarter valued at about $110,000. Valeo Financial Advisors LLC acquired a new position in shares of Ubiquiti in the third quarter valued at about $119,000. Finally, Metropolitan Life Insurance Co NY acquired a new position in shares of Ubiquiti in the third quarter valued at about $131,000. Institutional investors and hedge funds own 12.82% of the company’s stock.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers worldwide. It 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 enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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