Ubiquiti (NYSE:UI) Price Target Raised to $236.00 at Barclays

Ubiquiti (NYSE:UI - Get Free Report) had its target price lifted by stock analysts at Barclays from $104.00 to $236.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "underweight" rating on the stock. Barclays's price objective would suggest a potential downside of 30.66% from the stock's previous close.

A number of other research analysts also recently issued reports on UI. StockNews.com downgraded Ubiquiti from a "buy" rating to a "hold" rating in a research note on Tuesday, September 3rd. BWS Financial lifted their target price on shares of Ubiquiti from $160.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, August 26th.

Ubiquiti Stock Performance

Shares of UI traded up $27.44 during mid-day trading on Monday, hitting $340.35. 165,968 shares of the company traded hands, compared to its average volume of 76,910. The company has a debt-to-equity ratio of 7.05, a quick ratio of 1.59 and a current ratio of 3.22. Ubiquiti has a 1 year low of $104.24 and a 1 year high of $340.78. The stock has a market cap of $20.58 billion, a price-to-earnings ratio of 52.69 and a beta of 1.13. The stock has a 50-day moving average price of $231.06 and a two-hundred day moving average price of $180.81.

Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings data on Friday, August 23rd. The company reported $1.74 EPS for the quarter, missing analysts' consensus estimates of $1.91 by ($0.17). The firm had revenue of $507.50 million for the quarter, compared to analysts' expectations of $538.23 million. Ubiquiti had a net margin of 18.15% and a return on equity of 3,321.33%. The company's revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Ubiquiti will post 7.09 earnings per share for the current year.

Hedge Funds Weigh In On Ubiquiti

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UI. US Bancorp DE increased its stake in Ubiquiti by 3.9% during the third quarter. US Bancorp DE now owns 1,537 shares of the company's stock worth $341,000 after acquiring an additional 57 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Ubiquiti by 3.4% during the third quarter. CIBC Asset Management Inc now owns 1,768 shares of the company's stock valued at $392,000 after purchasing an additional 58 shares during the period. Huntington National Bank grew its holdings in shares of Ubiquiti by 267.6% in the third quarter. Huntington National Bank now owns 125 shares of the company's stock worth $28,000 after purchasing an additional 91 shares during the last quarter. Covestor Ltd increased its stake in Ubiquiti by 29.0% in the 1st quarter. Covestor Ltd now owns 516 shares of the company's stock worth $60,000 after buying an additional 116 shares during the period. Finally, Willis Investment Counsel raised its stake in shares of Ubiquiti by 6.0% during the third quarter. Willis Investment Counsel now owns 3,250 shares of the company's stock valued at $721,000 after acquiring an additional 185 shares in the last quarter. 4.00% of the stock is owned by institutional investors.

Ubiquiti Company Profile

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.