Unity Software (NYSE:U) Raised to “Hold” at Benchmark

Unity Software (NYSE:U) was upgraded by research analysts at Benchmark from a “sell” rating to a “hold” rating in a report issued on Thursday,Briefing.com Automated Import reports.

Other research analysts also recently issued research reports about the company. Needham & Company LLC upped their target price on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Macquarie increased their price objective on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th. UBS Group boosted their target price 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. Morgan Stanley upped their target price on shares of Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Jefferies Financial Group lifted their price target 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.81.

Unity Software Trading Up 26.3 %

NYSE U traded up $5.66 on Thursday, hitting $27.13. The company’s stock had a trading volume of 46,816,519 shares, compared to its average volume of 10,309,901. The firm has a market cap of $10.93 billion, a P/E ratio of -13.37 and a beta of 2.32. Unity Software has a 52-week low of $13.90 and a 52-week high of $33.43. The company’s 50-day simple moving average is $22.42 and its 200 day simple moving average is $20.94. 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 released its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative net margin of 40.47% and a negative return on equity of 11.30%. Research analysts predict that Unity Software will post -1.72 EPS for the current fiscal year.

Insider Activity at Unity Software

In other news, SVP Felix The sold 11,719 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $24.39, for a total transaction of $285,826.41. Following the completion of the sale, the senior vice president now owns 411,960 shares of the company’s stock, valued at $10,047,704.40. The trade was a 2.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total value of $6,255,000.00. Following the completion of the transaction, the director now directly owns 3,648,146 shares in the company, valued at approximately $91,276,612.92. This represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 679,264 shares of company stock valued at $16,612,383 over the last ninety days. Insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Anderson Financial Strategies LLC bought a new stake in shares of Unity Software during the 4th quarter valued at $28,000. R Squared Ltd purchased a new stake in Unity Software in the 4th quarter worth $30,000. Principal Securities Inc. raised its holdings in Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after acquiring an additional 477 shares during the period. Planning Capital Management Corp bought a new stake in Unity Software during the third quarter valued at about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Unity Software in the fourth quarter valued at about $36,000. 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.