Unity Software (NYSE:U) Raised to “Hold” at Benchmark

Unity Software (NYSE:U) was upgraded by stock analysts at Benchmark from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports.

A number of other brokerages also recently issued reports on U. Wedbush reissued an “outperform” rating and set a $27.00 price objective on shares of Unity Software in a research report on Thursday, February 13th. JMP Securities restated a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. UBS Group boosted their target price on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Jefferies Financial Group upped their price target on shares of Unity Software from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Macquarie upped their price target on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.96.

Unity Software Stock Up 1.1 %

Shares of NYSE U opened at $28.31 on Thursday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software has a 52 week low of $13.90 and a 52 week high of $33.43. The firm’s fifty day moving average is $22.53 and its 200 day moving average is $21.08. The company has a market cap of $11.41 billion, a price-to-earnings ratio of -13.88 and a beta of 2.32.

Unity Software (NYSE:U) last issued its earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.05. Unity Software had a negative net margin of 40.47% and a negative return on equity of 11.30%. The company had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. On average, equities research analysts expect that Unity Software will post -1.72 earnings per share for the current year.

Insiders Place Their Bets

In other Unity Software news, Director Tomer Bar-Zeev sold 83,333 shares of Unity Software stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $25.44, for a total value of $2,119,991.52. Following the transaction, the director now owns 3,398,146 shares in the company, valued at $86,448,834.24. The trade was a 2.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Felix The sold 11,719 shares of Unity Software stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $24.39, for a total value of $285,826.41. Following the completion of the transaction, the senior vice president now owns 411,960 shares in the company, valued at $10,047,704.40. This trade represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 762,597 shares of company stock worth $18,732,374 over the last quarter. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Unity Software

Several institutional investors have recently added to or reduced their stakes in U. Anderson Financial Strategies LLC acquired a new stake in shares of Unity Software during the fourth quarter worth about $28,000. R Squared Ltd purchased a new position in Unity Software during the fourth quarter valued at approximately $30,000. Principal Securities Inc. raised its position in Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after acquiring an additional 477 shares in the last quarter. Planning Capital Management Corp purchased a new position in Unity Software during the third quarter valued at approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Unity Software during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds 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.