Ubiquiti Networks Inc (UBNT) Given Average Recommendation of “Hold” by Analysts

Shares of Ubiquiti Networks Inc (NASDAQ:UBNT) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $90.00.

A number of brokerages have issued reports on UBNT. Credit Suisse Group upped their price objective on Ubiquiti Networks from $86.00 to $103.00 and gave the company a “neutral” rating in a research report on Monday, February 11th. Zacks Investment Research lowered shares of Ubiquiti Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 14th. BMO Capital Markets upped their target price on shares of Ubiquiti Networks from $99.00 to $120.00 and gave the stock a “market perform” rating in a research report on Monday, February 11th. Finally, BidaskClub lowered shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 22nd.

In other Ubiquiti Networks news, Director Ronald Sege sold 10,900 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $147.60, for a total transaction of $1,608,840.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 78.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in UBNT. Norges Bank acquired a new stake in Ubiquiti Networks during the 4th quarter worth approximately $34,971,000. Renaissance Technologies LLC grew its position in shares of Ubiquiti Networks by 31.8% during the 3rd quarter. Renaissance Technologies LLC now owns 438,000 shares of the Wireless communications provider’s stock valued at $43,301,000 after acquiring an additional 105,700 shares during the period. Vanguard Group Inc grew its position in shares of Ubiquiti Networks by 5.5% during the 3rd quarter. Vanguard Group Inc now owns 1,794,066 shares of the Wireless communications provider’s stock valued at $177,361,000 after acquiring an additional 94,084 shares during the period. Vanguard Group Inc. grew its position in shares of Ubiquiti Networks by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,794,066 shares of the Wireless communications provider’s stock valued at $177,361,000 after acquiring an additional 94,084 shares during the period. Finally, Bandera Partners LLC grew its position in shares of Ubiquiti Networks by 79.3% during the 4th quarter. Bandera Partners LLC now owns 156,000 shares of the Wireless communications provider’s stock valued at $15,508,000 after acquiring an additional 69,000 shares during the period. Institutional investors and hedge funds own 22.48% of the company’s stock.

UBNT stock traded down $4.79 during midday trading on Wednesday, reaching $166.28. The company had a trading volume of 26,606 shares, compared to its average volume of 365,306. The company has a market cap of $11.93 billion, a PE ratio of 45.45, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07. Ubiquiti Networks has a 1-year low of $69.44 and a 1-year high of $171.49. The company has a quick ratio of 2.63, a current ratio of 3.73 and a debt-to-equity ratio of 3.58.

Ubiquiti Networks (NASDAQ:UBNT) last posted its quarterly earnings results on Friday, February 8th. The Wireless communications provider reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.30. Ubiquiti Networks had a return on equity of 132.49% and a net margin of 30.29%. The business had revenue of $307.28 million during the quarter, compared to the consensus estimate of $276.44 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Ubiquiti Networks’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, analysts anticipate that Ubiquiti Networks will post 4 EPS for the current fiscal year.

About Ubiquiti Networks

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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Analyst Recommendations for Ubiquiti Networks (NASDAQ:UBNT)

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