Unity Software (NYSE:U) Price Target Increased to $25.00 by Analysts at Stifel Nicolaus

Unity Software (NYSE:U) had its price objective upped by Stifel Nicolaus from $20.00 to $25.00 in a report issued on Friday, Marketbeat.com reports. They currently have a buy rating on the stock.

A number of other research firms have also recently commented on U. Macquarie lowered their price target on Unity Software from $14.00 to $12.00 and set an underperform rating for the company in a report on Friday, August 9th. The Goldman Sachs Group lowered their target price on Unity Software from $26.00 to $22.50 and set a neutral rating for the company in a research note on Friday, August 9th. Morgan Stanley upgraded shares of Unity Software from an equal weight rating to an overweight rating and set a $22.00 price target on the stock in a research note on Tuesday, September 3rd. Benchmark lowered their price objective on shares of Unity Software from $16.00 to $10.00 and set a sell rating for the company in a research report on Friday, August 9th. Finally, Wedbush cut their target price on shares of Unity Software from $33.50 to $21.00 and set an outperform rating on the stock in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Unity Software currently has a consensus rating of Hold and a consensus price target of $27.25.

Unity Software Trading Up 2.0 %

Shares of Unity Software stock opened at $20.30 on Friday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.70. Unity Software has a 12-month low of $13.90 and a 12-month high of $43.54. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of -9.06 and a beta of 2.25. The firm’s 50-day moving average price is $16.53 and its two-hundred day moving average price is $20.20.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.12. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The business had revenue of $449.30 million for the quarter, compared to analyst estimates of $438.37 million. During the same quarter last year, the business posted ($0.26) EPS. The firm’s revenue for the quarter was down 15.8% on a year-over-year basis. On average, analysts forecast that Unity Software will post -1.86 earnings per share for the current fiscal year.

Insider Activity at Unity Software

In other news, SVP Anirma Gupta sold 1,506 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $16.73, for a total value of $25,195.38. Following the sale, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at approximately $6,851,604.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Anirma Gupta sold 1,506 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $16.73, for a total value of $25,195.38. Following the transaction, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at approximately $6,851,604.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Felix The sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the sale, the senior vice president now directly owns 423,679 shares of the company’s stock, valued at approximately $7,579,617.31. The disclosure for this sale can be found here. Insiders have sold 284,672 shares of company stock worth $5,762,015 over the last ninety days. Insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

Hedge funds have recently modified their holdings of the stock. Tradewinds Capital Management LLC grew its stake in shares of Unity Software by 245.6% in the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock valued at $26,000 after buying an additional 700 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in Unity Software by 2,429.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock worth $28,000 after acquiring an additional 996 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after acquiring an additional 1,389 shares during the period. Principal Securities Inc. bought a new stake in shares of Unity Software during the fourth quarter valued at approximately $37,000. Finally, Tidemark LLC acquired a new position in shares of Unity Software during the fourth quarter worth approximately $39,000. Institutional investors own 73.46% of the company’s stock.

About Unity Software

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.