Unity Software (NYSE:U) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Unity Software (NYSE:U) from a hold rating to a buy rating in a research report sent to investors on Monday.

A number of other equities research analysts have also recently commented on U. Barclays decreased their price target on Unity Software from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. Citigroup upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, March 11th. Wells Fargo & Company lowered their price target on Unity Software from $22.00 to $19.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Stifel Nicolaus dropped their price target on Unity Software from $35.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Finally, Needham & Company LLC reduced their price objective on shares of Unity Software from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $25.14.

Unity Software Price Performance

NYSE U opened at $24.59 on Monday. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of -14.64 and a beta of 2.34. Unity Software has a 12 month low of $13.90 and a 12 month high of $30.88. The company’s 50 day moving average is $21.27 and its two-hundred day moving average is $22.41. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.19. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $435.00 million for the quarter, compared to the consensus estimate of $415.77 million. During the same period last year, the firm earned $0.28 EPS. The company’s revenue was down 5.5% on a year-over-year basis. As a group, research analysts anticipate that Unity Software will post -1.25 earnings per share for the current year.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $26.39, for a total transaction of $6,597,500.00. Following the sale, the director now directly owns 2,398,146 shares of the company’s stock, valued at $63,287,072.94. The trade was a 9.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David Helgason sold 261,473 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $25.70, for a total value of $6,719,856.10. Following the sale, the director now owns 7,489,173 shares in the company, valued at approximately $192,471,746.10. This trade represents a 3.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,286,987 shares of company stock valued at $30,302,451. 3.61% of the stock is owned by corporate insiders.

Institutional Trading of Unity Software

Several hedge funds and other institutional investors have recently bought and sold shares of U. Choreo LLC boosted its stake in Unity Software by 14.0% during the fourth quarter. Choreo LLC now owns 10,940 shares of the company’s stock worth $246,000 after buying an additional 1,344 shares during the period. Newbridge Financial Services Group Inc. raised its stake in shares of Unity Software by 81.8% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 4,000 shares of the company’s stock valued at $90,000 after acquiring an additional 1,800 shares during the period. V2 Financial group LLC bought a new stake in shares of Unity Software in the 4th quarter worth about $225,000. Summit Trail Advisors LLC bought a new stake in shares of Unity Software in the 4th quarter worth about $337,000. Finally, Augustine Asset Management Inc. purchased a new position in shares of Unity Software during the 4th quarter worth about $337,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

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.