Ubiquiti (NYSE:UI – Get Free Report) had its target price reduced by equities research analysts at Barclays from $105.00 to $93.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s target price would suggest a potential downside of 27.23% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Ubiquiti from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. BWS Financial lowered their price target on shares of Ubiquiti from $375.00 to $160.00 and set a “buy” rating for the company in a report on Monday, November 6th.
Ubiquiti Stock Up 9.0 %
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Laurel Wealth Advisors Inc. lifted its stake in Ubiquiti by 2.2% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 2,208 shares of the company’s stock valued at $643,000 after purchasing an additional 47 shares during the last quarter. Citigroup Inc. lifted its stake in Ubiquiti by 2.4% in the 1st quarter. Citigroup Inc. now owns 2,723 shares of the company’s stock valued at $793,000 after purchasing an additional 64 shares during the last quarter. Toroso Investments LLC lifted its stake in Ubiquiti by 11.0% in the 1st quarter. Toroso Investments LLC now owns 779 shares of the company’s stock valued at $227,000 after purchasing an additional 77 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Ubiquiti by 70.1% during the second quarter. MetLife Investment Management LLC now owns 228 shares of the company’s stock valued at $40,000 after acquiring an additional 94 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Ubiquiti by 15.7% during the third quarter. Captrust Financial Advisors now owns 730 shares of the company’s stock valued at $214,000 after acquiring an additional 99 shares during the last quarter. Institutional investors and hedge funds own 3.54% of the company’s stock.
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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