Unity Software (NYSE:U) Upgraded at Citizens Jmp

Citizens Jmp upgraded shares of Unity Software (NYSE:U) from a hold rating to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

A number of other equities research analysts have also issued reports on U. Hsbc Global Res raised Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. Jefferies Financial Group increased their price target on Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. Needham & Company LLC increased their price target on Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Citigroup raised Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday. Finally, Benchmark raised Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Unity Software has a consensus rating of “Moderate Buy” and an average target price of $25.61.

Unity Software Price Performance

U stock opened at $20.48 on Tuesday. Unity Software has a 1 year low of $13.90 and a 1 year high of $30.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The stock’s 50 day moving average price is $22.80 and its 200 day moving average price is $21.87. The firm has a market cap of $8.39 billion, a P/E ratio of -12.19 and a beta of 2.27.

Unity Software (NYSE:U) last posted its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The firm had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. On average, sell-side analysts expect that Unity Software will post -1.25 earnings per share for the current fiscal year.

Insider Transactions at Unity Software

In related news, Director David Helgason sold 38,924 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $25.84, for a total value of $1,005,796.16. Following the completion of the sale, the director now directly owns 7,750,646 shares in the company, valued at approximately $200,276,692.64. This represents a 0.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total value of $6,255,000.00. Following the completion of the sale, the director now owns 3,648,146 shares of the company’s stock, valued at approximately $91,276,612.92. This represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 864,537 shares of company stock worth $20,839,722 in the last ninety days. Insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

Several large investors have recently added to or reduced their stakes in the stock. Anderson Financial Strategies LLC acquired a new stake in shares of Unity Software during the fourth quarter valued at about $28,000. R Squared Ltd acquired a new stake in shares of Unity Software during the fourth quarter valued at about $30,000. Principal Securities Inc. grew its stake in shares of 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 acquired a new stake in shares of Unity Software during the third quarter valued at about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Unity Software during the fourth quarter valued at about $36,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

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.