Unity Software (NYSE:U) Price Target Raised to $18.00

Unity Software (NYSE:U - Get Free Report) had its price objective hoisted by equities researchers at Barclays from $16.00 to $18.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price objective suggests a potential downside of 12.20% from the stock's current price.

U has been the topic of a number of other reports. Oppenheimer reiterated a "market perform" rating on shares of Unity Software in a research report on Friday, October 18th. JMP Securities reiterated a "market perform" rating on shares of Unity Software in a report on Friday, September 13th. The Goldman Sachs Group decreased their price target on shares of Unity Software from $26.00 to $22.50 and set a "neutral" rating for the company in a report on Friday, August 9th. Piper Sandler reaffirmed a "neutral" rating and set a $17.00 price objective (down previously from $25.00) on shares of Unity Software in a research note on Friday, August 9th. Finally, Benchmark boosted their target price on Unity Software from $10.00 to $15.00 and gave the company a "sell" rating in a research note on Friday. Two equities research 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $23.35.

Unity Software Trading Down 7.7 %

Shares of U stock traded down $1.71 on Friday, reaching $20.50. 24,571,434 shares of the stock were exchanged, compared to its average volume of 10,404,142. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36. Unity Software has a one year low of $13.90 and a one year high of $43.54. The stock has a market cap of $8.14 billion, a PE ratio of -10.00 and a beta of 2.29. The stock has a 50 day moving average price of $20.42 and a 200 day moving average price of $18.97.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $449.30 million during the quarter, compared to the consensus estimate of $438.37 million. During the same period in the previous year, the firm posted ($0.26) earnings per share. Unity Software's revenue for the quarter was down 15.8% compared to the same quarter last year. Equities research analysts forecast that Unity Software will post -1.86 EPS for the current fiscal year.

Insider Buying and Selling at Unity Software

In other news, SVP Felix The sold 30,000 shares of the company's stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director David Helgason sold 250,000 shares of the company's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction 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 represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Felix The sold 30,000 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 423,679 shares in the company, valued at $7,579,617.31. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 281,600 shares of company stock worth $5,714,000 over the last ninety days. Insiders own 6.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in U. Farther Finance Advisors LLC raised its position 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 purchasing an additional 538 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Unity Software by 31.6% during the 1st quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company's stock worth $62,000 after buying an additional 562 shares during the period. Venturi Wealth Management LLC grew its holdings in Unity Software by 28.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company's stock worth $89,000 after acquiring an additional 876 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company's stock valued at $28,000 after acquiring an additional 949 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Unity Software by 8.2% during the second quarter. Intech Investment Management LLC now owns 13,270 shares of the company's stock worth $216,000 after purchasing an additional 1,010 shares during the period. 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.