Unity Software (NYSE:U) Upgraded at Benchmark

Benchmark upgraded shares of Unity Software (NYSE:U - Free Report) from a sell rating to a hold rating in a research note released on Thursday morning, Marketbeat.com reports.

U has been the topic of several other reports. Jefferies Financial Group lifted their target price on shares of Unity Software from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Wedbush reiterated an "outperform" rating and set a $27.00 target price on shares of Unity Software in a research report on Thursday, February 13th. UBS Group boosted their price target on shares of Unity Software from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Wells Fargo & Company initiated coverage on shares of Unity Software in a research report on Monday, October 28th. They issued an "equal weight" rating and a $20.00 price target on the stock. Finally, Needham & Company LLC boosted their price target on shares of Unity Software from $23.00 to $26.00 and gave the company a "buy" rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Unity Software has a consensus rating of "Hold" and an average price target of $25.96.

Unity Software Price Performance

Shares of Unity Software stock traded up $0.31 during trading on Thursday, hitting $28.31. 39,793,431 shares of the company's stock traded hands, compared to its average volume of 11,738,400. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The firm's fifty day moving average price is $22.53 and its 200 day moving average price is $21.08. Unity Software has a twelve month low of $13.90 and a twelve month high of $33.43. The company has a market cap of $11.41 billion, a PE ratio of -13.88 and a beta of 2.32.

Unity Software (NYSE:U - Get Free Report) last issued 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 40.47% and a negative return on equity of 11.30%. The business had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Analysts forecast that Unity Software will post -1.72 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Felix The sold 20,000 shares of the business's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the sale, the senior vice president now directly owns 391,960 shares of the company's stock, valued at $10,751,462.80. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Tomer Bar-Zeev sold 166,667 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total transaction of $3,498,340.33. Following the sale, the director now directly owns 3,481,479 shares of the company's stock, valued at approximately $73,076,244.21. This trade represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 762,597 shares of company stock valued at $18,732,374. Insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Unity Software

A number of institutional investors and hedge funds have recently modified their holdings of U. Anderson Financial Strategies LLC acquired a new position in Unity Software during the fourth quarter valued at approximately $28,000. R Squared Ltd acquired a new position in Unity Software during the fourth quarter valued at approximately $30,000. Principal Securities Inc. grew its holdings in Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after purchasing an additional 477 shares during the period. Planning Capital Management Corp acquired a new position in Unity Software during the third quarter valued at approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Unity Software during the fourth quarter valued at approximately $36,000. 73.46% of the stock is owned by institutional investors.

About Unity Software

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.