Ubiquiti (NYSE:UI) Price Target Lowered to $104.00 at Barclays

Ubiquiti (NYSE:UI) had its price target cut by Barclays from $108.00 to $104.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an underweight rating on the stock.

UI has been the subject of a number of other reports. StockNews.com upgraded shares of Ubiquiti from a hold rating to a buy rating in a research report on Tuesday. BWS Financial boosted their target price on Ubiquiti from $160.00 to $240.00 and gave the stock a buy rating in a research report on Monday.

Ubiquiti Stock Down 10.2 %

Ubiquiti stock opened at $184.83 on Tuesday. The stock’s 50 day moving average price is $164.79 and its 200 day moving average price is $137.75. Ubiquiti has a 1-year low of $103.00 and a 1-year high of $210.00. The company has a market cap of $11.18 billion, a PE ratio of 31.92 and a beta of 1.18. The company has a debt-to-equity ratio of 32.43, a current ratio of 3.95 and a quick ratio of 1.84.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, August 23rd. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.17). The company had revenue of $507.50 million for the quarter, compared to analysts’ expectations of $538.23 million. Ubiquiti had a negative return on equity of 829.74% and a net margin of 18.30%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts predict that Ubiquiti will post 5.71 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $2.40 annualized dividend and a dividend yield of 1.30%. Ubiquiti’s dividend payout ratio is currently 41.45%.

Institutional Trading of Ubiquiti

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its stake in Ubiquiti by 435.0% in the 4th quarter. Quadrant Capital Group LLC now owns 214 shares of the company’s stock valued at $30,000 after purchasing an additional 174 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Ubiquiti by 116.5% in the fourth quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock valued at $31,000 after buying an additional 120 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Ubiquiti in the fourth quarter valued at approximately $42,000. nVerses Capital LLC purchased a new position in shares of Ubiquiti during the second quarter valued at approximately $44,000. Finally, Fairman Group LLC acquired a new stake in Ubiquiti during the fourth quarter worth approximately $52,000. 4.00% of the stock is currently owned by hedge funds and other 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.