Unity Software’s (U) Outperform Rating Reaffirmed at Wedbush

Wedbush reissued their outperform rating on shares of Unity Software (NYSE:U) in a report released on Thursday,RTT News reports. Wedbush currently has a $27.00 price target on the stock.

U has been the subject of several other reports. Barclays increased their target price on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Macquarie raised their target price on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th. UBS Group upped their price target on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Finally, Jefferies Financial Group boosted their price objective on shares of Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.81.

Unity Software Stock Up 6.7 %

Shares of U opened at $20.74 on Thursday. Unity Software has a fifty-two week low of $13.90 and a fifty-two week high of $35.56. The firm has a 50 day moving average price of $22.99 and a 200-day moving average price of $20.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Insiders Place Their Bets

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the sale, the director now owns 3,648,146 shares of the company’s stock, valued at $91,276,612.92. The trade was a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Felix The sold 20,000 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the sale, the senior vice president now owns 391,960 shares in the company, valued at approximately $10,751,462.80. This trade represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 681,154 shares of company stock worth $16,639,520. Company insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Unity Software

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in Unity Software by 343.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 949 shares during the last quarter. R Squared Ltd bought a new stake in shares of Unity Software in the 4th quarter worth $30,000. Principal Securities Inc. raised its stake in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after purchasing an additional 477 shares during the last quarter. Planning Capital Management Corp bought a new position in shares of Unity Software during the third quarter valued at $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Unity Software during the fourth quarter valued at $40,000. 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.