Unity Software (NYSE:U) Given New $23.00 Price Target at UBS Group

Unity Software (NYSE:U) had its price target boosted by UBS Group from $21.00 to $23.00 in a research note released on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other equities research analysts have also issued reports on U. 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 report on Friday, November 8th. Benchmark upped their target price on shares of Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research note on Friday, November 8th. Macquarie raised their price target on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Friday, November 8th. Jefferies Financial Group upped their price objective on Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Barclays raised their target price on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Unity Software presently has a consensus rating of “Hold” and an average target price of $22.81.

Unity Software Stock Performance

Shares of U opened at $23.03 on Wednesday. Unity Software has a 52 week low of $13.90 and a 52 week high of $35.56. The company has a 50-day simple moving average of $23.13 and a 200-day simple moving average of $20.19. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.08. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. The firm had revenue of $446.52 million during the quarter, compared to analysts’ expectations of $428.01 million. During the same quarter in the prior year, the firm posted ($0.12) EPS. On average, equities research analysts forecast that Unity Software will post -1.72 EPS for the current fiscal year.

Insider Activity at Unity Software

In related news, CAO Mark Barrysmith sold 1,362 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total value of $29,841.42. Following the completion of the transaction, the chief accounting officer now owns 452,276 shares in the company, valued at $9,909,367.16. The trade was a 0.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $17.52, for a total value of $4,380,000.00. Following the transaction, the director now directly owns 4,248,146 shares in the company, valued at approximately $74,427,517.92. This represents a 5.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 764,487 shares of company stock valued at $17,521,180 over the last ninety days. 6.30% of the stock is owned by insiders.

Institutional Trading of Unity Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Unity Software by 100.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after purchasing an additional 944,709 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Unity Software in the third quarter valued at about $12,317,000. Monolith Management Ltd bought a new position in Unity Software during the third quarter worth about $10,993,000. Weiss Asset Management LP acquired a new position in shares of Unity Software during the 3rd quarter worth about $10,335,000. Finally, Geode Capital Management LLC increased its stake in shares of Unity Software by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after acquiring an additional 413,474 shares during the last quarter. 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.