Barclays Issues Pessimistic Forecast for Ubiquiti (NYSE:UI) Stock Price

Ubiquiti (NYSE:UI - Get Free Report) had its price objective dropped by equities research analysts at Barclays from $236.00 to $222.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an "underweight" rating on the stock. Barclays's target price indicates a potential downside of 35.44% from the company's previous close.

Several other equities analysts have also commented on UI. StockNews.com upgraded shares of Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, November 17th. BWS Financial increased their target price on shares of Ubiquiti from $385.00 to $440.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th.

Ubiquiti Trading Up 0.1 %

Shares of UI stock traded up $0.32 during trading hours on Monday, hitting $343.86. The company had a trading volume of 90,173 shares, compared to its average volume of 112,782. The company's fifty day moving average is $369.41 and its 200 day moving average is $285.05. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32. Ubiquiti has a fifty-two week low of $104.24 and a fifty-two week high of $469.98. The stock has a market capitalization of $20.79 billion, a PE ratio of 53.23 and a beta of 1.14.

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Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. Research analysts expect that Ubiquiti will post 7.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ubiquiti

A number of hedge funds have recently added to or reduced their stakes in the business. Creative Planning raised its holdings in shares of Ubiquiti by 28.4% in the 2nd quarter. Creative Planning now owns 2,643 shares of the company's stock valued at $385,000 after purchasing an additional 585 shares in the last quarter. CWM LLC raised its holdings in shares of Ubiquiti by 81.2% in the 3rd quarter. CWM LLC now owns 1,486 shares of the company's stock valued at $329,000 after purchasing an additional 666 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Ubiquiti in the 3rd quarter valued at $222,000. Willis Investment Counsel raised its holdings in shares of Ubiquiti by 6.0% in the 3rd quarter. Willis Investment Counsel now owns 3,250 shares of the company's stock valued at $721,000 after purchasing an additional 185 shares in the last quarter. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of Ubiquiti in the 3rd quarter valued at $47,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

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.