Equities research analysts at Wells Fargo & Company assumed coverage on shares of Unity Software (NYSE:U – Get Free Report) in a research note issued to investors on Monday, Benzinga reports. The brokerage set an “equal weight” rating and a $20.00 price target on the stock. Wells Fargo & Company’s price objective would suggest a potential downside of 2.53% from the company’s current price.
A number of other research analysts have also recently issued reports on U. Macquarie lifted their price objective on Unity Software from $12.00 to $15.00 and gave the company an “underperform” rating in a report on Tuesday, September 17th. Morgan Stanley upgraded shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a report on Tuesday, September 3rd. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Stifel Nicolaus raised their price objective on shares of Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.35.
Unity Software Stock Performance
NYSE:U traded up $0.80 during mid-day trading on Monday, hitting $20.52. The stock had a trading volume of 7,847,885 shares, compared to its average volume of 10,432,032. Unity Software has a 52 week low of $13.90 and a 52 week high of $43.54. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of -10.01 and a beta of 2.28. The company has a 50 day simple moving average of $19.64 and a 200-day simple moving average of $19.12. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70.
Unity Software (NYSE:U – Get Free Report) last released its 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. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The company had revenue of $449.30 million during the quarter, compared to analyst estimates of $438.37 million. During the same quarter in the prior year, the company earned ($0.26) earnings per share. The company’s revenue for the quarter was down 15.8% on a year-over-year basis. On average, research analysts expect that Unity Software will post -1.86 earnings per share for the current fiscal year.
Insider Transactions at Unity Software
In other 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 value of $536,700.00. Following the completion of the sale, the senior vice president now directly owns 423,679 shares of the company’s stock, valued at approximately $7,579,617.31. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director David Helgason sold 250,000 shares of the business’s stock in a transaction 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Felix The sold 30,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was 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 of the company’s stock, valued at approximately $7,579,617.31. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 281,600 shares of company stock worth $5,714,000. 6.30% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Tradewinds Capital Management LLC grew its holdings in shares of Unity Software by 245.6% in the first quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after acquiring an additional 700 shares during the period. GAMMA Investing LLC lifted its stake in Unity Software by 343.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 949 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Unity Software by 163.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after buying an additional 1,389 shares during the last quarter. Blue Trust Inc. raised its position in shares of Unity Software by 308.8% during the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after buying an additional 2,359 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in Unity Software by 31.6% in the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock worth $62,000 after acquiring an additional 562 shares in the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.
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.