Wall Street Zen Downgrades Ubiquiti (NYSE:UI) to Hold

Ubiquiti (NYSE:UI) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also recently issued reports on the stock. BWS Financial reissued a “buy” rating and issued a $720.00 price objective on shares of Ubiquiti in a research report on Monday, February 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ubiquiti in a report on Monday, December 29th. Zacks Research raised Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Finally, Barclays lifted their target price on Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $615.67.

Ubiquiti Stock Up 4.4%

UI stock opened at $750.16 on Friday. Ubiquiti has a twelve month low of $255.00 and a twelve month high of $803.59. The firm has a market cap of $45.40 billion, a price-to-earnings ratio of 51.10 and a beta of 1.40. The business’s fifty day simple moving average is $592.42 and its two-hundred day simple moving average is $598.10.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, February 6th. The company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.80. The firm had revenue of $814.87 million during the quarter, compared to analyst estimates of $716.95 million. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. The business’s revenue was up 35.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.28 earnings per share. Research analysts expect that Ubiquiti will post 7.21 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. lifted its stake in shares of Ubiquiti by 87.5% during the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock worth $25,000 after purchasing an additional 21 shares during the last quarter. Cherry Tree Wealth Management LLC bought a new position in Ubiquiti in the third quarter worth about $33,000. Quarry LP bought a new position in Ubiquiti in the third quarter worth about $34,000. CIBC Private Wealth Group LLC lifted its position in shares of Ubiquiti by 238.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock valued at $39,000 after buying an additional 50 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Ubiquiti by 31.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock valued at $50,000 after buying an additional 18 shares in the last quarter. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

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.