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

Unity Software (NYSE:U - Free Report) had its target price increased by Benchmark from $10.00 to $15.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a sell rating on the stock.

U has been the topic of several other research reports. Morgan Stanley upgraded shares of Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 price target on the stock in a research report on Tuesday, September 3rd. The Goldman Sachs Group decreased 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. Wedbush upped their target price on Unity Software from $21.00 to $27.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Stifel Nicolaus lifted their price target on Unity Software from $20.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, September 13th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Unity Software in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $23.35.

Unity Software Price Performance

U stock traded down $1.72 during trading on Friday, hitting $20.49. The company had a trading volume of 24,545,422 shares, compared to its average volume of 10,404,142. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of -10.00 and a beta of 2.29. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average of $20.33 and a 200 day moving average of $18.99. Unity Software has a fifty-two week low of $13.90 and a fifty-two week high of $43.54.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.44) by $0.12. The firm had revenue of $449.30 million during the quarter, compared to analyst estimates of $438.37 million. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The firm's quarterly revenue was down 15.8% on a year-over-year basis. During the same period last year, the company posted ($0.26) EPS. As a group, research analysts predict that Unity Software will post -1.86 earnings per share for the current year.

Insider Activity

In other Unity Software news, Director David Helgason sold 250,000 shares of the firm's stock in a transaction that occurred on 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 in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other Unity Software news, SVP Felix The sold 30,000 shares of the firm's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the transaction, the senior vice president now owns 423,679 shares in the company, valued at $7,579,617.31. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction that occurred 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 sale, the director now directly owns 8,201,851 shares in the company, valued at $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. Over the last 90 days, insiders sold 281,600 shares of company stock valued at $5,714,000. Insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Unity Software

Hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Unity Software by 4.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company's stock valued at $315,000 after purchasing an additional 538 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of 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 increased its stake in shares of 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 holdings in shares of 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 during the last quarter. Finally, Intech Investment Management LLC lifted its position in Unity Software by 8.2% during the 2nd quarter. Intech Investment Management LLC now owns 13,270 shares of the company's stock worth $216,000 after buying an additional 1,010 shares in the last quarter. Institutional investors and hedge funds 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.