Unity Software (NYSE:U) Price Target Raised to $27.00 at Wedbush

Unity Software (NYSE:U) had its price objective boosted by Wedbush from $21.00 to $27.00 in a research note issued to investors on Monday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently issued reports on U. 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 research note on Friday. 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 report on Tuesday, September 3rd. JMP Securities reiterated a market perform rating on shares of Unity Software in a research note on Friday. 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 note on Friday, August 9th. Finally, Macquarie dropped their target price on Unity Software from $14.00 to $12.00 and set an underperform rating for the company in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $27.25.

Unity Software Trading Up 2.0 %

Shares of Unity Software stock opened at $20.30 on Monday. The stock has a market cap of $8.06 billion, a P/E ratio of -9.06 and a beta of 2.25. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.70. Unity Software has a 12-month low of $13.90 and a 12-month high of $43.54. The business’s 50 day moving average is $16.53 and its 200-day moving average is $20.20.

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

Insider Buying and Selling

In other Unity Software news, SVP Felix The sold 30,000 shares of the company’s 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 completion of the sale, 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 can be accessed through the SEC website. In other Unity Software news, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the transaction, the senior vice president now owns 423,679 shares in the company, valued at $7,579,617.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Anirma Gupta sold 1,506 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $16.73, for a total transaction 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 approximately $6,851,604.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 284,672 shares of company stock worth $5,762,015. Corporate insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

A number of hedge funds have recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC boosted its stake in shares of 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 purchasing an additional 700 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Unity Software by 2,429.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after buying an additional 996 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after buying an additional 1,389 shares during the period. Principal Securities Inc. bought a new stake in Unity Software during the 4th quarter worth approximately $37,000. Finally, Tidemark LLC acquired a new position in Unity Software in the 4th quarter valued at approximately $39,000. 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.