Unity Software (NYSE:U) Given “Outperform” Rating at Wedbush

Wedbush restated their outperform rating on shares of Unity Software (NYSE:U) in a research report released on Thursday, Benzinga reports. They currently have a $33.50 target price on the stock.

A number of other equities research analysts also recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Unity Software from $32.00 to $35.00 and gave the company a buy rating in a research report on Friday, March 1st. Needham & Company LLC decreased their target price on shares of Unity Software from $40.00 to $31.00 and set a buy rating for the company in a research report on Tuesday, February 27th. Citigroup decreased their target price on shares of Unity Software from $50.00 to $38.00 and set a buy rating for the company in a research report on Wednesday, February 28th. William Blair reaffirmed an outperform rating on shares of Unity Software in a research note on Tuesday, January 9th. Finally, Barclays reduced their price target on shares of Unity Software from $30.00 to $28.00 and set an equal weight rating for the company in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $37.03.

Unity Software Stock Up 2.4 %

U stock traded up $0.58 during trading on Thursday, reaching $24.74. The stock had a trading volume of 5,753,162 shares, compared to its average volume of 5,937,102. Unity Software has a 1-year low of $22.20 and a 1-year high of $50.08. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $9.55 billion, a P/E ratio of -11.46 and a beta of 2.40. The firm has a fifty day moving average price of $26.08 and a 200 day moving average price of $30.25.

Unity Software (NYSE:U) last issued its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). The company had revenue of $609.27 million during the quarter, compared to analyst estimates of $551.01 million. Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.50) EPS. On average, equities analysts anticipate that Unity Software will post -0.63 earnings per share for the current year.

Insider Buying and Selling at Unity Software

In other news, SVP Felix The sold 4,374 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.55, for a total transaction of $142,373.70. Following the transaction, the senior vice president now owns 298,948 shares in the company, valued at approximately $9,730,757.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO James M. Whitehurst sold 44,091 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.56, for a total value of $1,435,602.96. Following the transaction, the chief executive officer now directly owns 155,909 shares in the company, valued at approximately $5,076,397.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Felix The sold 4,374 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.55, for a total transaction of $142,373.70. Following the completion of the transaction, the senior vice president now owns 298,948 shares in the company, valued at $9,730,757.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 338,917 shares of company stock worth $9,460,820. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Unity Software

A number of hedge funds have recently bought and sold shares of the stock. BluePath Capital Management LLC boosted its holdings in Unity Software by 6.7% in the 4th quarter. BluePath Capital Management LLC now owns 5,453 shares of the company’s stock valued at $223,000 after purchasing an additional 342 shares during the period. Kovack Advisors Inc. boosted its holdings in Unity Software by 1.5% in the 4th quarter. Kovack Advisors Inc. now owns 26,411 shares of the company’s stock valued at $1,080,000 after purchasing an additional 380 shares during the period. Natixis Advisors L.P. boosted its holdings in Unity Software by 3.2% in the 3rd quarter. Natixis Advisors L.P. now owns 13,226 shares of the company’s stock valued at $415,000 after purchasing an additional 407 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Unity Software by 2.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 17,602 shares of the company’s stock worth $553,000 after acquiring an additional 433 shares during the period. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of Unity Software by 0.4% during the 4th quarter. Royal London Asset Management Ltd. now owns 116,167 shares of the company’s stock worth $4,750,000 after acquiring an additional 440 shares during the period. 73.46% of the stock is owned by 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.