BidaskClub upgraded shares of Ubiquiti Networks, Inc. (NASDAQ:UBNT) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday, August 8th.
A number of other equities analysts have also issued reports on the company. Zacks Investment Research lowered Ubiquiti Networks from a buy rating to a hold rating in a research report on Wednesday, April 12th. Vetr lowered Ubiquiti Networks from a strong-buy rating to a buy rating and set a $55.50 target price on the stock. in a research report on Monday, June 5th. Credit Suisse Group reiterated a sell rating and issued a $44.00 price target on shares of Ubiquiti Networks in a report on Tuesday, May 2nd. Deutsche Bank AG boosted their price target on Ubiquiti Networks from $38.00 to $40.00 and gave the company a hold rating in a report on Monday, May 8th. Finally, ValuEngine downgraded Ubiquiti Networks from a buy rating to a hold rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $54.87.
Ubiquiti Networks (NASDAQ:UBNT) traded up 0.89% on Tuesday, reaching $65.94. 240,507 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $56.94 and a 200-day moving average of $52.26. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 21.34 and a beta of 0.48. Ubiquiti Networks has a one year low of $45.71 and a one year high of $67.80.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Ubiquiti Networks by 11,607.1% in the first quarter. BlackRock Inc. now owns 1,965,976 shares of the Wireless communications provider’s stock valued at $98,810,000 after buying an additional 1,949,183 shares in the last quarter. Jackson Square Partners LLC acquired a new position in Ubiquiti Networks during the second quarter valued at $56,496,000. EdgePoint Investment Group Inc. raised its position in Ubiquiti Networks by 10.0% in the second quarter. EdgePoint Investment Group Inc. now owns 6,325,182 shares of the Wireless communications provider’s stock valued at $328,720,000 after buying an additional 575,640 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its position in Ubiquiti Networks by 34.4% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,616,027 shares of the Wireless communications provider’s stock valued at $83,985,000 after buying an additional 413,560 shares during the last quarter. Finally, Sei Investments Co. acquired a new position in Ubiquiti Networks during the second quarter valued at $13,724,000. 30.91% of the stock is owned by institutional investors and hedge funds.
Ubiquiti Networks Company Profile
Ubiquiti Networks, Inc develops performance networking technology for service providers and enterprises. The Company offers a portfolio of networking products and solutions. Its service provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing.
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