Unity Software (NYSE:U – Get a Free Report)The stock’s “outperform” rating was updated by investment analysts at Wedbush in a research report issued Friday, Benzinga reports. They currently have a $55.00 target price on the stock. Wedbush’s price target would indicate a potential upside of 96.85% from the stock’s previous closing price.
Several other research analysts have also recently issued reports on U. Wells Fargo & Company, raising their price objective on Unity Software from $48.00 to $54.00 and giving the stock an “overweight” rating in a research note on Thursday, August 3. Piper Sandler lifted their price objective on Unity Software from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, July 31. UBS Group initiated coverage on Unity Software in a research note on Thursday, September 28th. They gave a “neutral” rating and a $38.00 price target on the stock. Morgan Stanley lifted their price objective on Unity Software from $28.00 to $40.00 and gave the stock an “equalweight” rating in a research note on Thursday, August 3. Finally, Needham & Company LLC raised their price objective on Unity Software from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, August 3. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Unity Software currently has an average rating of “Hold” and a consensus price target of $43.35.
Check out our latest analysis on U
Unity software drops 2.8%
Shares of U stock opened at $27.94 on Friday. Unity Software has a 1-year low of $21.22 and a 1-year high of $50.08. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.46 and a quick ratio of 2.46. The stock’s 50-day simple moving average is $35.85 and its two-hundred-day simple moving average is $34.74. The company has a market cap of $10.71 billion, a price-to-earnings ratio of -10.12 and a beta of 2.42.
Unity Software (NYSE:U – Get Free Report) posted its latest quarterly results on Wednesday, August 2. The company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.04. Unity Software had a negative return on equity of 19.44% and a negative net margin of 54.46%. The company had revenue of $533.48 million for the quarter, compared to the consensus estimate of $514.80 million. Research analysts predict that Unity Software will post -0.88 EPS for the current year.
Insider activity at Unity Software
In related news, insider Tomer Bar-Zeev sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The shares sold at an average price of $45.82, for a total value of $3,436,500.00. Following the sale, the insider now owns 1,376,459 shares in the company, valued at $63,069,351.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Unity Software news, insider Tomer Bar-Zeev sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The shares sold at an average price of $45.82, for a total value of $3,436,500.00. Following the completion of the transaction, the insider now directly owns 1,376,459 shares of the company’s stock, valued at $63,069,351.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Helgason sold 10,564 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The shares sold at an average price of $50.00, for a total value of $528,200.00. Following the completion of the transaction, the director now directly owns 9,120,216 shares of the company’s stock, valued at $456,010,800. The explanation of this sale can be found here. Insiders sold a total of 586,814 shares of the company’s stock worth $23,214,139 during the last quarter. Insiders own 9.00% of the company’s shares.
Institutional inflow and outflow
Several major investors have recently made changes to their positions in the company. National Bank of Canada FI increased its stake in shares of Unity Software by 3.6% during the second quarter. National Bank of Canada FI now owns 7,039 shares of the company’s stock worth $306,000 after purchasing an additional 245 shares during the period. Xcel Wealth Management LLC increased its stake in Unity Software by 4.0% in the fourth quarter. Xcel Wealth Management LLC now owns 7,755 shares of the company’s stock valued at $222,000 after purchasing an additional 298 shares in the last quarter. First Republic Investment Management Inc. increased its stake in Unity Software by 1.6% in the first quarter. First Republic Investment Management Inc. now owns 18,918 shares of the company’s stock, valued at $1,877,000, after purchasing an additional 298 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Unity Software by 8.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,349 shares of the company, valued at $431,000, after purchasing an additional 350 shares in the last quarter. Finally, Geneos Wealth Management Inc. its stake in Unity Software increased by 21.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,972 shares of the company, valued at $86,000, after purchasing an additional 351 shares in the last quarter. 64.74% of the shares are held by institutional investors and hedge funds.
About Unity software
(Get a free report)
Unity Software Inc operates a real-time 3D development platform. The platform provides software solutions for creating, running and generating 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 stores 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 .
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