Ubiquiti (NYSE:UI) Stock Price Expected to Rise, BWS Financial Analyst Says

Ubiquiti (NYSE:UI) had its target price lifted by investment analysts at BWS Financial from $385.00 to $440.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. BWS Financial’s price objective indicates a potential upside of 7.23% from the stock’s previous close.

A number of other research firms have also recently commented on UI. StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th. Barclays increased their price objective on shares of Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research report on Monday, November 11th.

Ubiquiti Stock Performance

Shares of UI stock opened at $410.33 on Wednesday. Ubiquiti has a 12-month low of $104.24 and a 12-month high of $422.92. The business’s fifty day simple moving average is $345.45 and its 200-day simple moving average is $251.48. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 2.80. The company has a market cap of $24.81 billion, a PE ratio of 63.52 and a beta of 1.14.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Diversify Advisory Services LLC purchased a new stake in Ubiquiti in the fourth quarter valued at approximately $273,000. Hanseatic Management Services Inc. lifted its stake in Ubiquiti by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 384 shares of the company’s stock valued at $127,000 after acquiring an additional 41 shares during the period. JPMorgan Chase & Co. lifted its stake in Ubiquiti by 20.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 29,813 shares of the company’s stock valued at $6,610,000 after acquiring an additional 5,045 shares during the period. DGS Capital Management LLC purchased a new stake in shares of Ubiquiti in the 3rd quarter valued at $213,000. Finally, Tidal Investments LLC increased its stake in shares of Ubiquiti by 13.3% in the third quarter. Tidal Investments LLC now owns 18,505 shares of the company’s stock worth $4,103,000 after acquiring an additional 2,174 shares during the period. 4.00% of the stock is 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.