Unity Software (NYSE:U) Stock Rating Reaffirmed by Benchmark

Unity Software (NYSE:UGet Free Report)‘s stock had its “sell” rating reiterated by Benchmark in a research note issued to investors on Friday, Benzinga reports. They presently have a $16.00 target price on the stock. Benchmark’s price objective points to a potential downside of 26.23% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Wedbush restated an “outperform” rating and issued a $33.50 price target on shares of Unity Software in a research note on Friday. Barclays lowered their price target on Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, February 27th. Piper Sandler upgraded shares of Unity Software from an “underweight” rating to a “neutral” rating and dropped their price target for the company from $35.00 to $30.00 in a research note on Tuesday, February 27th. Citigroup reduced their price objective 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $31.00 target price on shares of Unity Software in a research report on Friday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.74.

Read Our Latest Research Report on U

Unity Software Trading Down 10.2 %

Shares of NYSE U opened at $21.69 on Friday. The stock’s 50-day moving average is $25.47 and its two-hundred day moving average is $30.14. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.60 and a current ratio of 2.60. Unity Software has a 1-year low of $21.64 and a 1-year high of $50.08.

Unity Software (NYSE:UGet Free Report) last posted its quarterly earnings results on Monday, February 26th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.89). Unity Software had a negative return on equity of 7.66% and a negative net margin of 40.11%. The firm had revenue of $609.27 million for the quarter, compared to analyst estimates of $551.01 million. During the same quarter last year, the firm earned ($0.50) EPS. The company’s revenue was up 35.1% on a year-over-year basis. Analysts anticipate that Unity Software will post -0.63 EPS for the current fiscal year.

Insider Transactions at Unity Software

In other news, SVP Felix The sold 4,374 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $32.55, for a total value of $142,373.70. Following the completion of the sale, the senior vice president now directly owns 298,948 shares of the company’s stock, valued at approximately $9,730,757.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total value of $6,647,500.00. Following the completion of the transaction, the director now directly owns 4,498,146 shares of the company’s stock, valued at $119,605,702.14. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Felix The sold 4,374 shares of Unity Software stock in a transaction that occurred 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 sale, the senior vice president now owns 298,948 shares of the company’s stock, valued at $9,730,757.40. The disclosure for this sale can be found here. Insiders have sold a total of 338,917 shares of company stock worth $9,460,820 over the last ninety days. 6.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Unity Software

Several hedge funds and other institutional investors have recently bought and sold shares of U. BluePath Capital Management LLC grew its position in shares of Unity Software by 6.7% in the fourth 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 last quarter. Kovack Advisors Inc. increased its position in Unity Software by 1.5% during the fourth quarter. Kovack Advisors Inc. now owns 26,411 shares of the company’s stock worth $1,080,000 after buying an additional 380 shares in the last quarter. Natixis Advisors L.P. increased its position in Unity Software by 3.2% during the third quarter. Natixis Advisors L.P. now owns 13,226 shares of the company’s stock worth $415,000 after buying an additional 407 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Unity Software by 2.5% in the third 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 last quarter. Finally, Royal London Asset Management Ltd. lifted its position in shares of Unity Software by 0.4% in the fourth quarter. Royal London Asset Management Ltd. now owns 116,167 shares of the company’s stock valued at $4,750,000 after acquiring an additional 440 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Company Profile

(Get Free Report)

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.

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