The shares of Ubiquiti Networks, Inc. (NASDAQ:UBNT) has been pegged with a rating of Underperform by BofA/Merrill in its latest research note that was published on October 29th, 2018. The research company has also assigned a $62 price target. BofA/Merrill wasn’t the only research firm that published a report of Ubiquiti Networks, Inc., with other equities research analysts also giving their opinion on the stock. Credit Suisse advised investors in its research note published on May 10th, 2018, to Neutral the UBNT stock while also putting a $74 price target. The stock had earned Underperform rating from Credit Suisse when it published its report on February 10th, 2017. The stock was given Buy rating by Wunderlich in its report released on November 4th, 2016, the day when the price target on the stock was placed at $66. JMP Securities was of a view that UBNT is Mkt Perform in its latest report on October 21st, 2016. Wunderlich thinks that UBNT is worth Buy rating. This was contained in the firm’s report on August 5th, 2016 in which the stock’s price target was also moved to $55.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 0 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $81.38. The price of the stock the last time has dropped by 152.08% from its Week high price while it is dropped higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 72.70.
The shares of the company added by 16.08% during the trading session on Friday, reaching a low of $120.49 while ending the day at $124.53. During the trading session, a total of 2.18 million shares were traded which represents a -561686.25% decline from the average session volume which is 388.58K shares. UBNT had ended its last session trading at 107.28. Ubiquiti Networks, Inc. currently has a market cap of $7.60B, while its P/E ratio stands at 29.40, while its P/E earnings growth sits at 7.21, with a beta of 0.95. Ubiquiti Networks, Inc. debt-to-equity ratio currently stands at 3.77, while its quick ratio hovers at 2.60. UBNT 52-week low price stands at $49.40 while its 52-week high price is $115.44.
The company in its last quarterly report recorded $1.32 earnings per share which is above the $1.08 predicted by most analysts. The Ubiquiti Networks, Inc. generated $307.28 million in revenue during the last quarter, which is slightly higher than the $276.44 million predicted by analysts. In the second quarter last year, the firm recorded $1.17 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 11.36%. Ubiquiti Networks, Inc. has the potential to record 4.24 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Ladenburg Thalmann published a research note on January 16th, 2019 where it informed investors and clients that VICI Properties Inc. (NYSE:VICI) is now rated as Buy. Their price target on the stock stands at $24. Credit Suisse also rated VICI as Resumed on May 10th, 2018, with its price target of $84 suggesting that VICI could surge by 10.33% from its current share price. Even though the stock has been trading at $21.46/share, analysts expect it to surge higher by 1.07% to reach $24.19/share. It started the day trading at $21.71 and traded between $21.45 and $21.69 throughout the trading session.
A look at its technical shows that VICI’s 50-day SMA is 20.53 while its 200-day SMA stands at 20.58. The stock has a high of $22.37 for the year while the low is $17.58. The company’s P/E ratio currently sits at 18.86, while the P/B ratio is 1.31. The company’s average trading volume currently stands at 5.36M shares, which means that the short-interest ratio is just 3.31 days. Over the past seven days, the company moved, with its shift of 0.23%. Looking further, the stock has dropped -0.50% over the past 90 days while it gained 7.01% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more VICI shares, increasing its portfolio by +10.04% during the last quarter. This move now sees The Vanguard Group Inc purchasing 3,418,553 shares in the last quarter, thus it now holds 37,479,841 shares of VICI, with a total valuation of $703,871,414. Canyon Capital Advisors LLC meanwhile sold more VICI shares in the recently filed quarter, changing its stake to $606,405,881 worth of shares.
Similarly, Soros Fund Management LLC decreased its VICI Properties Inc. shares by -2.79% during the recently filed quarter. After selling -600,000 shares in the last quarter, the firm now controls 20,898,926 shares of VICI Properties Inc. which are valued at $392,481,830. In the same vein, Monarch Alternative Capital LP decreased its VICI Properties Inc. shares by during the most recent reported quarter. The firm sold -1,398,074 shares during the quarter which decreased its stakes to 15,782,909 shares and is now valued at $296,403,031. Following these latest developments, around 0.10% of VICI Properties Inc. stocks are owned by institutional investors and hedge funds.