Ubiquiti’s (UI) Buy Rating Reiterated at BWS Financial

BWS Financial restated their buy rating on shares of Ubiquiti (NYSE:UI) in a research note published on Monday,Benzinga reports. BWS Financial currently has a $440.00 price objective on the stock.

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

Ubiquiti Trading Down 7.1%

Shares of Ubiquiti stock opened at $424.18 on Monday. The company’s fifty day simple moving average is $321.95 and its 200-day simple moving average is $338.84. The company has a market cap of $25.66 billion, a price-to-earnings ratio of 57.63 and a beta of 1.32. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. Ubiquiti has a 1 year low of $134.72 and a 1 year high of $469.98.

Ubiquiti (NYSE:UI) last announced its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same period in the prior year, the business earned $1.36 EPS. As a group, sell-side analysts expect that Ubiquiti will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.40 dividend on an annualized basis and a yield of 0.57%. Ubiquiti’s dividend payout ratio is currently 26.43%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new position in shares of Ubiquiti during the first quarter valued at $25,000. Brooklyn Investment Group lifted its holdings in shares of Ubiquiti by 78.8% during the first quarter. Brooklyn Investment Group now owns 93 shares of the company’s stock valued at $29,000 after acquiring an additional 41 shares during the period. Versant Capital Management Inc lifted its holdings in shares of 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 during the period. Farther Finance Advisors LLC lifted its holdings in shares of Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock valued at $40,000 after acquiring an additional 39 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Ubiquiti by 71.1% during the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock valued at $43,000 after acquiring an additional 54 shares during the period. 4.00% of the stock is owned by institutional investors.

About Ubiquiti

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.