Unity Software (NYSE:U) Price Target Raised to $20.00 at UBS Group

Unity Software (NYSE:U) had its price objective lifted by UBS Group from $15.00 to $20.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also recently issued reports on the company. Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research note on Tuesday, September 3rd. Wedbush upped their price objective on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Macquarie upped their price target on Unity Software from $12.00 to $15.00 and gave the stock an “underperform” rating in a research note on Tuesday, September 17th. Finally, Benchmark dropped their price objective on Unity Software from $16.00 to $10.00 and set a “sell” rating for the company in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $23.88.

Unity Software Stock Up 3.9 %

Shares of NYSE U opened at $22.11 on Friday. The stock has a market cap of $8.64 billion, a PE ratio of -9.87 and a beta of 2.28. The company has a current ratio of 2.36, a quick 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 50-day moving average of $19.17 and a 200 day moving average of $19.40.

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, beating analysts’ consensus estimates of ($0.44) by $0.12. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The business had revenue of $449.30 million during the quarter, compared to analyst estimates of $438.37 million. During the same period in the prior year, the business earned ($0.26) earnings per share. The business’s revenue was down 15.8% compared to the same quarter last year. As a group, sell-side analysts predict that Unity Software will post -1.86 EPS for the current fiscal year.

Insider Activity at Unity Software

In other news, SVP Anirma Gupta sold 1,506 shares of Unity Software stock in a transaction on Monday, July 29th. The shares were sold at an average price of $16.73, for a total transaction of $25,195.38. Following the completion of 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Anirma Gupta sold 1,506 shares of the 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 owns 409,540 shares in the company, valued at approximately $6,851,604.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Helgason sold 250,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the sale, the director now directly owns 8,201,851 shares in the company, valued at $168,876,112.09. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 283,106 shares of company stock valued at $5,739,195 over the last 90 days. 6.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of U. Vanguard Group Inc. boosted its holdings in shares of Unity Software by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 26,128,209 shares of the company’s stock valued at $1,068,382,000 after acquiring an additional 308,412 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Unity Software by 19.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,649 shares of the company’s stock valued at $272,000 after buying an additional 1,064 shares during the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of Unity Software during the first quarter worth about $4,568,000. TrueMark Investments LLC grew its holdings in shares of Unity Software by 13.5% during the first quarter. TrueMark Investments LLC now owns 33,877 shares of the company’s stock worth $905,000 after buying an additional 4,030 shares during the last quarter. Finally, Bouvel Investment Partners LLC increased its position in Unity Software by 2.7% in the 1st quarter. Bouvel Investment Partners LLC now owns 22,783 shares of the company’s stock valued at $608,000 after acquiring an additional 597 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.