Unity Software's (U) Sell Rating Reiterated at Benchmark

Benchmark reissued their sell rating on shares of Unity Software (NYSE:U - Free Report) in a report issued on Friday morning, Benzinga reports. Benchmark currently has a $16.00 target price on the stock.

U has been the subject of a number of other reports. JMP Securities reiterated a market perform rating on shares of Unity Software in a research report on Friday. Macquarie cut shares of Unity Software from a neutral rating to an underperform rating and set a $20.00 price objective for the company. in a report on Monday, February 12th. Citigroup dropped their price objective on shares of Unity Software from $50.00 to $38.00 and set a buy rating for the company in a report on Wednesday, February 28th. Stifel Nicolaus lifted their price objective on shares of Unity Software from $32.00 to $35.00 and gave the company a buy rating in a report on Friday, March 1st. Finally, Piper Sandler upgraded shares of Unity Software from an underweight rating to a neutral rating and dropped their price objective for the company from $35.00 to $30.00 in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $35.74.

Unity Software Price Performance

U stock traded down $2.48 during trading on Friday, reaching $21.68. 26,462,925 shares of the stock were exchanged, compared to its average volume of 5,930,508. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60. The business has a 50 day moving average price of $25.61 and a 200-day moving average price of $30.17. Unity Software has a 1 year low of $21.64 and a 1 year high of $50.08.

Unity Software (NYSE:U - Get Free Report) last issued its earnings results on Monday, February 26th. The company reported ($0.66) EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.89). Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The firm had revenue of $609.27 million for the quarter, compared to analysts' expectations of $551.01 million. During the same period last year, the firm earned ($0.50) earnings per share. Unity Software's revenue for the quarter was up 35.1% on a year-over-year basis. On average, sell-side analysts expect that Unity Software will post -0.63 earnings per share for the current year.

Insider Transactions at Unity Software

In other news, CMO Carol W. Carpenter sold 2,000 shares of the company's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $24.18, for a total transaction of $48,360.00. Following the transaction, the chief marketing officer now directly owns 442,617 shares of the company's stock, valued at approximately $10,702,479.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CMO Carol W. Carpenter sold 2,000 shares of the company's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $24.18, for a total transaction of $48,360.00. Following the transaction, the chief marketing officer now directly owns 442,617 shares of the company's stock, valued at approximately $10,702,479.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $6,647,500.00. Following the completion of the sale, the director now directly owns 4,498,146 shares in the company, valued at $119,605,702.14. The disclosure for this sale can be found here. Insiders have sold a total of 338,917 shares of company stock valued at $9,460,820 in the last ninety days. 6.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BluePath Capital Management LLC lifted its holdings in shares of Unity Software by 6.7% during the 4th quarter. BluePath Capital Management LLC now owns 5,453 shares of the company's stock worth $223,000 after acquiring an additional 342 shares during the period. Kovack Advisors Inc. lifted its holdings in shares of Unity Software by 1.5% during the 4th quarter. Kovack Advisors Inc. now owns 26,411 shares of the company's stock worth $1,080,000 after acquiring an additional 380 shares during the period. Natixis Advisors L.P. lifted its holdings in shares of Unity Software by 3.2% during the 3rd quarter. Natixis Advisors L.P. now owns 13,226 shares of the company's stock worth $415,000 after acquiring an additional 407 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Unity Software by 2.5% during the 3rd 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 period. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of Unity Software by 0.4% during the 4th quarter. Royal London Asset Management Ltd. now owns 116,167 shares of the company's stock worth $4,750,000 after acquiring an additional 440 shares during the period. 73.46% of the stock is currently owned by hedge funds and other 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.