Unity Software (NYSE:U) Given New $14.00 Price Target at Macquarie

Unity Software (NYSE:U) had its target price decreased by Macquarie from $20.00 to $14.00 in a research report sent to investors on Thursday, Benzinga reports. Macquarie currently has an underperform rating on the stock.

A number of other research firms have also recently weighed in on U. Wedbush reaffirmed an outperform rating and set a $33.50 price target on shares of Unity Software in a report on Friday, May 10th. Benchmark reaffirmed a sell rating and issued a $16.00 price target on shares of Unity Software in a report on Friday, May 10th. Barclays decreased their price objective on shares of Unity Software from $28.00 to $27.00 and set an equal weight rating on the stock in a report on Friday, May 10th. Stifel Nicolaus dropped their target price on shares of Unity Software from $30.00 to $25.00 and set a buy rating for the company in a research note on Monday, June 10th. Finally, Needham & Company LLC reissued a buy rating and set a $31.00 price target on shares of Unity Software in a research note on Friday, May 10th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $34.44.

Unity Software Stock Performance

NYSE U opened at $16.54 on Thursday. Unity Software has a twelve month low of $15.23 and a twelve month high of $50.08. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.70. The stock has a market cap of $6.46 billion, a P/E ratio of -7.38 and a beta of 2.28. The company’s 50-day simple moving average is $20.23 and its 200 day simple moving average is $27.80.

Unity Software (NYSE:U) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.13. The company had revenue of $460.38 million for the quarter, compared to analyst estimates of $422.53 million. Unity Software had a negative return on equity of 7.73% and a negative net margin of 40.11%. As a group, research analysts forecast that Unity Software will post -1.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Anirma Gupta sold 1,037 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $24.42, for a total value of $25,323.54. Following the completion of the transaction, the senior vice president now owns 386,706 shares of the company’s stock, valued at approximately $9,443,360.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Unity Software news, CFO Luis Felipe Visoso sold 42,718 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $19.10, for a total transaction of $815,913.80. Following the sale, the chief financial officer now directly owns 1,598,345 shares in the company, valued at approximately $30,528,389.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Anirma Gupta sold 1,037 shares of Unity Software stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $24.42, for a total transaction of $25,323.54. Following the completion of the transaction, the senior vice president now directly owns 386,706 shares in the company, valued at approximately $9,443,360.52. The disclosure for this sale can be found here. Insiders have sold 247,736 shares of company stock valued at $4,885,280 in the last 90 days. 6.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Unity Software

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Advisors LLC acquired a new stake in Unity Software in the 1st quarter valued at $2,747,000. Cetera Investment Advisers increased its position in shares of Unity Software by 346.5% in the first quarter. Cetera Investment Advisers now owns 119,938 shares of the company’s stock valued at $3,202,000 after acquiring an additional 93,078 shares during the last quarter. PGGM Investments bought a new stake in Unity Software during the first quarter worth about $693,000. Virtu Financial LLC bought a new stake in Unity Software during the first quarter worth about $1,147,000. Finally, EMC Capital Management boosted its position in Unity Software by 100.0% during the first quarter. EMC Capital Management now owns 5,000 shares of the company’s stock valued at $130,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Company Profile

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.