Unity Software (NYSE:U) PT Raised to $25.00

Unity Software (NYSE:U) had its target price increased by equities research analysts at Stifel Nicolaus from $20.00 to $25.00 in a research note issued to investors on Friday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 25.57% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley raised 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 report on Tuesday, September 3rd. Needham & Company LLC reduced their price target on Unity Software from $31.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Macquarie lowered their price target on Unity Software from $14.00 to $12.00 and set an “underperform” rating on the stock in a research report on Friday, August 9th. Benchmark cut their price objective on Unity Software from $16.00 to $10.00 and set a “sell” rating for the company in a report on Friday, August 9th. Finally, Wedbush lowered their target price on shares of Unity Software from $33.50 to $21.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.82.

Unity Software Stock Performance

Shares of Unity Software stock opened at $19.91 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of -8.89 and a beta of 2.25. The stock’s 50-day moving average is $16.44 and its 200-day moving average is $20.33. Unity Software has a one year low of $13.90 and a one year high of $43.54.

Unity Software (NYSE:U) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, topping 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 firm had revenue of $449.30 million during the quarter, compared to the consensus estimate of $438.37 million. During the same quarter in the prior year, the firm posted ($0.26) EPS. The business’s revenue was down 15.8% on a year-over-year basis. Equities analysts predict that Unity Software will post -1.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Felix The sold 30,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the transaction, the senior vice president now directly owns 423,679 shares in the company, valued at $7,579,617.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Unity Software news, SVP Felix The sold 30,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the sale, the senior vice president now directly owns 423,679 shares in the company, valued at $7,579,617.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David Helgason sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the transaction, the director now owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. The disclosure for this sale can be found here. Insiders have sold 285,472 shares of company stock worth $5,775,071 in the last 90 days. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Unity Software

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Unity Software by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company’s stock worth $703,192,000 after purchasing an additional 208,566 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Unity Software by 30.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company’s stock worth $317,984,000 after acquiring an additional 2,777,884 shares during the last quarter. Nikko Asset Management Americas Inc. increased its position in Unity Software by 32.6% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 11,326,547 shares of the company’s stock valued at $302,419,000 after acquiring an additional 2,787,058 shares during the period. Norges Bank bought a new position in shares of Unity Software during the fourth quarter valued at $379,180,000. Finally, Capital Research Global Investors lifted its holdings in shares of Unity Software by 18.7% during the first quarter. Capital Research Global Investors now owns 8,524,448 shares of the company’s stock worth $227,603,000 after purchasing an additional 1,342,787 shares during the period. 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.