Unity Software (NYSE:U) PT Raised to $15.00 at Macquarie

Unity Software (NYSE:U) had its target price lifted by equities researchers at Macquarie from $12.00 to $15.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “underperform” rating on the stock. Macquarie’s price objective suggests a potential downside of 25.85% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. Benchmark lowered their target price 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. The Goldman Sachs Group reduced their price target on Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Morgan Stanley upgraded Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research report on Tuesday, September 3rd. Finally, Stifel Nicolaus raised their target price on shares of Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Unity Software has a consensus rating of “Hold” and an average price target of $27.46.

Unity Software Stock Down 1.9 %

U stock opened at $20.23 on Tuesday. The company’s 50 day moving average is $16.72 and its 200 day moving average is $20.14. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of -9.03 and a beta of 2.25. 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 1-year low of $13.90 and a 1-year high of $43.54.

Unity Software (NYSE:U) last announced its 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 company had revenue of $449.30 million during the quarter, compared to analyst estimates of $438.37 million. During the same period in the previous year, the business earned ($0.26) earnings per share. The firm’s quarterly revenue was down 15.8% compared to the same quarter last year. Sell-side analysts predict that Unity Software will post -1.86 EPS for the current fiscal year.

Insider Activity

In other Unity Software news, SVP Anirma Gupta sold 1,506 shares of Unity Software stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $16.73, for a total value of $25,195.38. Following the completion of the transaction, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at $6,851,604.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Felix The sold 30,000 shares of the stock in a transaction on Thursday, September 12th. The stock was 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 of the company’s stock, valued at $7,579,617.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Anirma Gupta sold 1,506 shares of Unity Software 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 completion of the sale, the senior vice president now owns 409,540 shares of the company’s stock, valued at $6,851,604.20. The disclosure for this sale can be found here. Insiders sold 285,472 shares of company stock worth $5,778,479 over the last three months. 6.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Unity Software

Hedge funds have recently added to or reduced their stakes in the stock. Royal London Asset Management Ltd. increased its position in shares of Unity Software by 0.4% during the 4th quarter. Royal London Asset Management Ltd. now owns 116,167 shares of the company’s stock valued at $4,750,000 after purchasing an additional 440 shares during the last quarter. Advisors Asset Management Inc. grew its position in Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock valued at $62,000 after buying an additional 562 shares during the period. Bouvel Investment Partners LLC grew its position in Unity Software by 2.7% during the first quarter. Bouvel Investment Partners LLC now owns 22,783 shares of the company’s stock valued at $608,000 after buying an additional 597 shares during the period. Tradewinds Capital Management LLC increased its holdings in Unity Software by 245.6% during the first 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 last quarter. Finally, Principal Securities Inc. bought a new position in Unity Software in the fourth quarter worth approximately $37,000. 73.46% of the stock is currently 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.