Barclays Lowers Ubiquiti (NYSE:UI) Price Target to $222.00

Ubiquiti (NYSE:UI - Get Free Report) had its price target lowered by analysts at Barclays from $236.00 to $222.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. Barclays's target price suggests a potential downside of 35.14% from the company's previous close.

Other equities research analysts have also recently issued reports about the stock. BWS Financial lifted their price objective on shares of Ubiquiti from $385.00 to $440.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. StockNews.com raised Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, November 17th.

Ubiquiti Stock Performance

Shares of NYSE UI traded down $1.18 during midday trading on Monday, reaching $342.28. 62,895 shares of the company traded hands, compared to its average volume of 111,117. Ubiquiti has a 52 week low of $104.24 and a 52 week high of $469.98. The stock has a 50-day moving average price of $369.46 and a 200 day moving average price of $285.46. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32. The company has a market cap of $20.70 billion, a price-to-earnings ratio of 52.98 and a beta of 1.14.

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

Insider Buying and Selling

In related news, CAO Kevin Radigan sold 1,000 shares of Ubiquiti stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total value of $347,990.00. Following the transaction, the chief accounting officer now owns 2,484 shares of the company's stock, valued at approximately $864,407.16. This trade represents a 28.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 93.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ubiquiti

Institutional investors have recently bought and sold shares of the business. Huntington National Bank lifted its holdings in shares of Ubiquiti by 267.6% during the 3rd quarter. Huntington National Bank now owns 125 shares of the company's stock valued at $28,000 after buying an additional 91 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of 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 during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Ubiquiti by 71.1% during the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after buying an additional 54 shares during the last quarter. Raleigh Capital Management Inc. acquired a new stake in shares of Ubiquiti during the 3rd quarter valued at about $47,000. Finally, Blue Trust Inc. lifted its holdings in shares of Ubiquiti by 78.8% during the 4th quarter. Blue Trust Inc. now owns 143 shares of the company's stock valued at $47,000 after buying an additional 63 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

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.