Ubiquiti (NYSE:UI – Get Free Report) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.
Separately, Barclays dropped their price objective on shares of Ubiquiti from $207.00 to $141.00 in a research note on Sunday, August 27th.
Ubiquiti Stock Performance
Ubiquiti (NYSE:UI – Get Free Report) last posted its earnings results on Friday, August 25th. The company reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.34). Ubiquiti had a net margin of 21.01% and a negative return on equity of 186.64%. The business had revenue of $491.09 million during the quarter, compared to analysts’ expectations of $490.97 million. On average, equities analysts predict that Ubiquiti will post 10.96 EPS for the current year.
Institutional Trading of Ubiquiti
Several institutional investors and hedge funds have recently made changes to their positions in the company. Money Concepts Capital Corp raised its holdings in Ubiquiti by 294.1% in the fourth quarter. Money Concepts Capital Corp now owns 134 shares of the company’s stock worth $37,000 after purchasing an additional 100 shares in the last quarter. Fred Alger Management LLC raised its holdings in Ubiquiti by 239.3% in the fourth quarter. Fred Alger Management LLC now owns 190 shares of the company’s stock worth $52,000 after purchasing an additional 134 shares in the last quarter. Denali Advisors LLC raised its holdings in Ubiquiti by 100.0% in the second quarter. Denali Advisors LLC now owns 206 shares of the company’s stock worth $36,000 after purchasing an additional 103 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Ubiquiti by 70.1% in the second quarter. MetLife Investment Management LLC now owns 228 shares of the company’s stock worth $40,000 after purchasing an additional 94 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Ubiquiti by 54.4% in the first quarter. Tower Research Capital LLC TRC now owns 335 shares of the company’s stock worth $91,000 after purchasing an additional 118 shares in the last quarter. 3.54% of the stock is currently 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.
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