Unity Software (NYSE:U) Price Target Raised to $15.00

Unity Software (NYSE:U) had its target price hoisted by Benchmark from $10.00 to $15.00 in a report issued on Friday morning,Benzinga reports. Benchmark currently has a sell rating on the stock.

Several other equities research analysts have also recently commented on the company. Wells Fargo & Company started coverage on Unity Software in a report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price target for the company. Wedbush increased their price target on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, September 16th. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Piper Sandler reiterated a “neutral” rating and issued a $17.00 price objective (down from $25.00) on shares of Unity Software in a research report on Friday, August 9th. Finally, Macquarie increased their price objective on Unity Software from $12.00 to $15.00 and gave the stock an “underperform” rating in a research report on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $23.35.

Unity Software Price Performance

NYSE:U opened at $20.19 on Friday. Unity Software has a one year low of $13.90 and a one year high of $43.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.36. The stock has a market cap of $8.01 billion, a PE ratio of -9.90 and a beta of 2.29. The stock has a 50 day moving average price of $20.49 and a 200 day moving average price of $18.89.

Insider Transactions at Unity Software

In other news, Director David Helgason sold 250,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the transaction, the director now directly owns 8,201,851 shares in the company, valued at $168,876,112.09. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other 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 value of $536,700.00. Following the sale, the senior vice president now directly owns 423,679 shares in the company, valued at approximately $7,579,617.31. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Helgason sold 250,000 shares of the stock in a transaction on Friday, September 13th. The shares were 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 in the company, valued at approximately $168,876,112.09. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 281,600 shares of company stock worth $5,714,000 over the last ninety days. Company insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

Several hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in Unity Software by 4.0% in the third quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock valued at $315,000 after buying an additional 538 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Unity Software by 31.6% in 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 in the last quarter. Venturi Wealth Management LLC raised its stake in Unity Software by 28.7% in the third quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock valued at $89,000 after buying an additional 876 shares in the last quarter. GAMMA Investing LLC raised its stake in Unity Software by 343.8% in the third 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. Finally, Intech Investment Management LLC raised its stake in Unity Software by 8.2% in the second quarter. Intech Investment Management LLC now owns 13,270 shares of the company’s stock valued at $216,000 after buying an additional 1,010 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

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.