Unity Software (NYSE:U) Given New $16.00 Price Target at Macquarie

Unity Software (NYSE:U) had its target price hoisted by Macquarie from $15.00 to $16.00 in a research note released on Friday morning,Benzinga reports. The firm currently has an underperform rating on the stock.

U has been the topic of a number of other reports. The Goldman Sachs Group cut their target price on Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a report on Friday, August 9th. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Piper Sandler reiterated a “neutral” rating and issued a $17.00 target price (down from $25.00) on shares of Unity Software in a report on Friday, August 9th. Stifel Nicolaus increased their target price on Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, JMP Securities reissued a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Unity Software has an average rating of “Hold” and a consensus price target of $23.35.

Unity Software Price Performance

Shares of U opened at $20.19 on Friday. Unity Software has a 12-month low of $13.90 and a 12-month high of $43.54. The business’s fifty day moving average is $20.49 and its 200 day moving average is $18.89. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.70. The stock has a market cap of $8.01 billion, a P/E ratio of -9.90 and a beta of 2.29.

Insider Activity

In other news, SVP Felix The sold 30,000 shares of the firm’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 of the company’s stock, valued at $7,579,617.31. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the sale, the director now owns 8,201,851 shares of the company’s stock, valued at approximately $168,876,112.09. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Felix The sold 30,000 shares of the firm’s 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 completion of the transaction, the senior vice president now owns 423,679 shares of the company’s stock, valued at approximately $7,579,617.31. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 281,600 shares of company stock valued at $5,714,000 in the last ninety days. 6.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after buying an additional 949 shares in the last quarter. Planning Capital Management Corp purchased a new position in Unity Software during the 3rd quarter valued at about $34,000. Northwestern Mutual Wealth Management Co. grew its holdings 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 valued at $36,000 after buying an additional 1,389 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock worth $62,000 after purchasing an additional 562 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Unity Software during the first quarter worth about $65,000. Hedge funds and other institutional investors 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.