Ubiquiti (NYSE:UI) PT Lowered to $127.00 at Credit Suisse Group

Ubiquiti (NYSE:UI) had its price objective cut by Credit Suisse Group from $130.00 to $127.00 in a report released on Thursday, BenzingaRatingsTable reports. The firm presently has an “underperform” rating on the stock. Credit Suisse Group’s target price would suggest a potential downside of 9.29% from the company’s previous close.

A number of other brokerages have also recently commented on UI. Barclays reiterated a “sell” rating on shares of Ubiquiti in a research note on Sunday, February 9th. Zacks Investment Research lowered Ubiquiti from a “strong-buy” rating to a “hold” rating and set a $167.00 target price for the company. in a research report on Wednesday, February 12th. ValuEngine lowered Ubiquiti from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Finally, BWS Financial reaffirmed a “buy” rating and set a $200.00 target price on shares of Ubiquiti in a research report on Monday, December 30th. Four analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $159.75.

Shares of UI traded down $1.73 during trading hours on Thursday, reaching $140.00. The stock had a trading volume of 34,534 shares, compared to its average volume of 304,202. Ubiquiti has a 12 month low of $107.22 and a 12 month high of $199.91. The stock has a market capitalization of $9.21 billion, a PE ratio of 27.94, a PEG ratio of 2.05 and a beta of 1.46. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.37 and a current ratio of 2.59. The company’s 50-day moving average is $138.81 and its two-hundred day moving average is $155.16.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, February 7th. The company reported $1.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.08). Ubiquiti had a net margin of 28.52% and a negative return on equity of 592.27%. The firm had revenue of $308.30 million during the quarter, compared to the consensus estimate of $336.94 million. During the same quarter in the previous year, the company posted $1.33 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. Equities analysts anticipate that Ubiquiti will post 5.52 earnings per share for the current fiscal year.

In other Ubiquiti news, Director Ronald Sege sold 1,584 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $144.13, for a total transaction of $228,301.92. Following the completion of the sale, the director now directly owns 1,584 shares in the company, valued at approximately $228,301.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 86.67% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Sowell Financial Services LLC bought a new stake in shares of Ubiquiti in the 4th quarter worth approximately $63,000. Tower Research Capital LLC TRC bought a new stake in shares of Ubiquiti in the 3rd quarter worth approximately $85,000. Aigen Investment Management LP bought a new stake in shares of Ubiquiti in the 4th quarter worth approximately $98,000. US Bancorp DE raised its holdings in Ubiquiti by 15.3% during the 4th quarter. US Bancorp DE now owns 557 shares of the company’s stock valued at $105,000 after acquiring an additional 74 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Ubiquiti by 830.2% during the 4th quarter. Russell Investments Group Ltd. now owns 586 shares of the company’s stock valued at $109,000 after acquiring an additional 523 shares during the period. Institutional investors own 12.30% of the company’s stock.

About Ubiquiti

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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