Several other brokerages have also recently issued reports on UBNT. Deutsche Bank boosted their price objective on Ubiquiti Networks from $67.00 to $75.00 and gave the company a hold rating in a report on Monday, February 11th. Zacks Investment Research raised Ubiquiti Networks from a hold rating to a buy rating and set a $114.00 price objective for the company in a report on Tuesday, January 15th. BidaskClub raised Ubiquiti Networks from a buy rating to a strong-buy rating in a report on Wednesday, February 13th. Finally, Credit Suisse Group set a $86.00 price target on Ubiquiti Networks and gave the company a hold rating in a research note on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Ubiquiti Networks presently has a consensus rating of Hold and an average price target of $101.00.
Shares of UBNT stock traded down $1.99 on Monday, hitting $129.27. The company had a trading volume of 1,752 shares, compared to its average volume of 569,045. The stock has a market cap of $9.20 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 1.64 and a beta of 1.10. The company has a quick ratio of 2.63, a current ratio of 5.03 and a debt-to-equity ratio of 2.33. Ubiquiti Networks has a twelve month low of $79.25 and a twelve month high of $174.95.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 20th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.77%. Ubiquiti Networks’s dividend payout ratio is presently 27.32%.
In related news, Director Ronald Sege sold 10,900 shares of Ubiquiti Networks stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $147.60, for a total value of $1,608,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 78.70% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of UBNT. Bank of New York Mellon Corp increased its stake in Ubiquiti Networks by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 122,408 shares of the Wireless communications provider’s stock worth $12,101,000 after buying an additional 1,883 shares in the last quarter. Morgan Stanley increased its stake in Ubiquiti Networks by 1.0% during the 3rd quarter. Morgan Stanley now owns 98,152 shares of the Wireless communications provider’s stock worth $9,703,000 after buying an additional 1,018 shares in the last quarter. Vanguard Group Inc. increased its stake in 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 worth $177,361,000 after buying an additional 94,084 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Ubiquiti Networks during the 4th quarter worth approximately $176,000. Finally, NewSquare Capital LLC purchased a new stake in Ubiquiti Networks during the 4th quarter worth approximately $206,000. Institutional investors own 22.21% 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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