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

Ubiquiti (NYSE:UI - Get Free Report) had its price target reduced by equities researchers 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 would indicate a potential downside of 39.55% from the company's current price.

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

Ubiquiti Price Performance

Shares of NYSE:UI traded down $22.77 during mid-day trading on Monday, reaching $367.24. The stock had a trading volume of 322,678 shares, compared to its average volume of 110,657. The business's 50 day moving average price is $369.19 and its 200 day moving average price is $282.06. Ubiquiti has a 1 year low of $104.24 and a 1 year high of $469.98. The company has a market cap of $22.21 billion, a P/E ratio of 56.85 and a beta of 1.14. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 2.80.

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

Hedge Funds Weigh In On Ubiquiti

Several hedge funds have recently bought and sold shares of UI. Signaturefd LLC lifted its position in shares of Ubiquiti by 66.5% during the fourth quarter. Signaturefd LLC now owns 423 shares of the company's stock worth $140,000 after purchasing an additional 169 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Ubiquiti by 47.0% during the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after buying an additional 39 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Ubiquiti in the 4th quarter valued at about $1,531,000. Wealthfront Advisers LLC purchased a new stake in Ubiquiti in the 4th quarter valued at about $9,274,000. Finally, Edgestream Partners L.P. grew its stake in Ubiquiti by 103.0% in the 4th quarter. Edgestream Partners L.P. now owns 10,258 shares of the company's stock worth $3,405,000 after acquiring an additional 5,204 shares in the last quarter. Institutional investors own 4.00% of the company's stock.

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.