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

Unity Software (NYSE:U - Free Report) had its price objective raised by Wells Fargo & Company from $20.00 to $27.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms have also commented on U. Macquarie boosted their price target on Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a research report on Friday, November 8th. Wedbush reaffirmed an "outperform" rating and set a $27.00 price target on shares of Unity Software in a research note on Thursday, February 13th. Jefferies Financial Group upped their price objective on shares of Unity Software from $23.00 to $28.00 and gave the company a "hold" rating in a research report on Friday. UBS Group lifted their target price on Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Finally, JMP Securities reissued a "market perform" rating on shares of Unity Software in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Unity Software has a consensus rating of "Hold" and an average target price of $25.96.

Unity Software Trading Down 5.9 %

U stock traded down $1.61 during midday trading on Friday, reaching $25.67. 28,340,250 shares of the company's stock traded hands, compared to its average volume of 12,676,597. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software has a fifty-two week low of $13.90 and a fifty-two week high of $33.43. The business has a 50-day moving average price of $22.58 and a two-hundred day moving average price of $21.27. The company has a market capitalization of $10.34 billion, a P/E ratio of -15.28 and a beta of 2.32.

Unity Software (NYSE:U - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Equities research analysts forecast that Unity Software will post -1.25 EPS for the current fiscal year.

Insider Activity at Unity Software

In other Unity Software news, Director David Helgason sold 7,860 shares of Unity Software stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $26.45, for a total value of $207,897.00. Following the completion of the transaction, the director now directly owns 10,493 shares in the company, valued at $277,539.85. The trade was a 42.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tomer Bar-Zeev sold 210,000 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $26.23, for a total value of $5,508,300.00. Following the transaction, the director now directly owns 967,650 shares of the company's stock, valued at $25,381,459.50. This trade represents a 17.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 742,766 shares of company stock valued at $18,248,777. Corporate insiders own 6.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Anderson Financial Strategies LLC acquired a new stake in Unity Software in the fourth quarter worth $28,000. R Squared Ltd bought a new position in shares of Unity Software during the fourth quarter worth about $30,000. Principal Securities Inc. increased its holdings in shares of Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after acquiring an additional 477 shares during the period. Planning Capital Management Corp bought a new stake in Unity Software in the 3rd quarter valued at about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Unity Software during the 4th quarter valued at about $36,000. 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.