Universal Electronics (NASDAQ:UEIC) Stock Rating Upgraded by Wall Street Zen

Universal Electronics (NASDAQ:UEIC) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other equities analysts have also recently issued reports about the stock. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $5.00 price objective on shares of Universal Electronics in a research note on Friday, August 7th. Zacks Research upgraded shares of Universal Electronics to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Universal Electronics in a research note on Friday, September 18th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Universal Electronics presently has an average rating of “Reduce” and an average target price of $4.25.

Universal Electronics Stock Performance

Shares of NASDAQ:UEIC opened at $5.24 on Friday. Universal Electronics has a 1-year low of $2.69 and a 1-year high of $5.99. The stock has a market capitalization of $67.54 million, a P/E ratio of -4.52 and a beta of 1.19. The business has a 50-day moving average price of $5.03 and a two-hundred day moving average price of $4.61.

Universal Electronics (NASDAQ:UEIC) last issued its earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.31. Universal Electronics had a negative net margin of 4.57% and a positive return on equity of 2.70%. The company had revenue of $73.24 million for the quarter, compared to analyst estimates of $78.13 million. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS. As a group, equities analysts predict that Universal Electronics will post 0.25 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Toro 18 Holdings Llc sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $5.22, for a total transaction of $1,044,000.00. Following the completion of the transaction, the insider owned 1,344,647 shares in the company, valued at approximately $7,019,057.34. The trade was a 12.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 442,815 shares of company stock worth $2,201,304. 17.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Universal Electronics

Several large investors have recently bought and sold shares of UEIC. BlackRock Inc. bought a new position in shares of Universal Electronics during the second quarter worth $1,860,000. Renaissance Technologies LLC increased its position in shares of Universal Electronics by 1.4% in the 1st quarter. Renaissance Technologies LLC now owns 215,723 shares of the technology company’s stock valued at $889,000 after buying an additional 3,071 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Universal Electronics in the 2nd quarter valued at $349,000. Marquette Asset Management LLC bought a new stake in shares of Universal Electronics in the 2nd quarter valued at $303,000. Finally, Man Group plc bought a new stake in shares of Universal Electronics in the 2nd quarter valued at $241,000. Institutional investors own 79.35% of the company’s stock.

About Universal Electronics

Universal Electronics Inc (NASDAQ: UEIC) designs, develops and distributes consumer electronics products and technologies that simplify the control of home entertainment and smart-home devices. Its offerings include universal remote controls, wireless home-control products, audio and video accessories, and related software and connected-device solutions.

The company serves original equipment manufacturers, subscription television providers, retailers and consumers. Its products are marketed under the One For All and other company brands, as well as through private-label and licensed-brand arrangements.