According to The Fly, stock analysts at Barclays boosted their price objective for Ubiquiti (NYSE: UI) from $196.00 to $239.00 in a research note issued on Monday. The price objective that Barclays established considers the probability that the stock price may decrease by 24.38% compared to its most recent closing price.
There are three different stocks in the telecommunications infrastructure industry that have the potential to experience significant price increases. The stock symbol NYSE: UI began trading at $316.06 per share on Monday when the market opened. The enterprise has a beta value of 1.40 and a price-to-earnings ratio of 44.83. The company has a market valuation of $19.10 billion as of right now. The current price of Ubiquiti is $344.77, which is higher than the one-year low of $218.15 but still lower than the one-year high. The moving average for the past 50 days of the company’s stock price is $299.40.
Hedge funds have, in recent times, made several modifications to how they hold onto shares. Ubiquiti received an investment of $42,000 from rising Advisors LLC during the company’s fourth quarter of its fiscal year. Quent Capital LLC spent $47,000 to acquire an additional position in Ubiquiti during the fourth quarter of this fiscal year. Vienna Asset Management LLC acquired a new investment in Ubiquiti in the fourth quarter for 52,000. This new stake is considered to be worth 52 thousand dollars.
Covestor Ltd. made a new investment in Ubiquiti at the end of the year by providing $65,000 during the company’s fourth-quarter financial period. To the tune of 5.33 percent of the company’s shares, hedge funds and various other institutional investors are the owners of these shares. Ubiquiti Inc. makes networking technologies that people, businesses, and service providers can use.
The company develops unified information technology platforms, high-capacity distributed Internet access systems, and consumer devices for use in various settings, including private life, the workplace, and the home. The name of the brand under which its consumer electronics are sold is “Ubiquiti Labs.” The company’s enterprise product platforms include wireless LAN infrastructure, video surveillance systems, switching and routing solutions, security gateways, and other WLAN products. In addition, the company’s product platform provides carrier-class network infrastructure, wireless backhaul technologies, and routing.
