Ubiquiti Networks Inc (NASDAQ:UBNT) has been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $90.00.
UBNT has been the subject of several analyst reports. ValuEngine upgraded Ubiquiti Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 8th. BMO Capital Markets boosted their price objective on Ubiquiti Networks from $99.00 to $120.00 and gave the stock a “market perform” rating in a research report on Monday, February 11th. Credit Suisse Group boosted their price objective on Ubiquiti Networks from $86.00 to $103.00 and gave the stock a “neutral” rating in a research report on Monday, February 11th. BidaskClub upgraded Ubiquiti Networks from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 13th. Finally, Deutsche Bank boosted their price objective on Ubiquiti Networks from $67.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, February 11th.
Shares of NASDAQ UBNT opened at $163.75 on Friday. Ubiquiti Networks has a 1 year low of $71.52 and a 1 year high of $174.95. The stock has a market cap of $11.85 billion, a PE ratio of 44.74, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 3.58, a quick ratio of 2.63 and a current ratio of 3.73.
In other Ubiquiti Networks news, Director Ronald Sege sold 10,900 shares of Ubiquiti Networks stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $147.60, for a total transaction of $1,608,840.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 78.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Parametrica Management Ltd purchased a new position in shares of Ubiquiti Networks during the 1st quarter valued at $377,000. Measured Wealth Private Client Group LLC bought a new stake in Ubiquiti Networks in the first quarter worth $234,000. Stratos Wealth Partners LTD. bought a new stake in Ubiquiti Networks in the first quarter worth $328,000. Raymond James & Associates boosted its holdings in Ubiquiti Networks by 6.1% in the first quarter. Raymond James & Associates now owns 10,718 shares of the Wireless communications provider’s stock worth $1,605,000 after purchasing an additional 612 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Ubiquiti Networks by 297.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 27,755 shares of the Wireless communications provider’s stock worth $4,155,000 after purchasing an additional 20,775 shares in the last quarter. Institutional investors and hedge funds own 22.37% of the company’s stock.
Ubiquiti Networks Company Profile
Ubiquiti Networks, Inc develops networking technology for service providers, enterprises, and consumers. It focuses on three principal technologies, including high-capacity distributed Internet access, unified information technology, and consumer electronics for home and personal use. The company's service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.
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