Unity Software (NYSE:U) Now Covered by Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank initiated coverage on Unity Software (NYSE:U) with a "hold" rating and a price target of $39.00, reflecting a potential upside of 7.58% from the stock's previous close.
• Unity Software's stock is currently trading at $36.25, having experienced a 1-year low of $15.33 and a high of $46.94, with a market capitalization of $15.32 billion.
• Quarterly earnings reported a loss of ($0.26) per share, slightly missing expectations, with revenues of $440.94 million, down 1.9% year-over-year.

Research analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of Unity Software (NYSE:U - Get Free Report) in a research report issued to clients and investors on Wednesday. The brokerage set a "hold" rating and a $39.00 price target on the stock. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 7.58% from the stock's previous close.

Several other research analysts have also recently weighed in on the company. Wedbush boosted their price target on Unity Software from $41.00 to $42.00 and gave the stock an "outperform" rating in a research note on Monday, October 6th. Wells Fargo & Company boosted their price target on Unity Software from $29.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 7th. The Goldman Sachs Group began coverage on Unity Software in a research note on Wednesday, October 15th. They issued a "neutral" rating and a $38.00 price target for the company. Hsbc Global Res cut Unity Software from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. Finally, BTIG Research cut Unity Software from a "neutral" rating to a "sell" rating and set a $25.00 price objective for the company. in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $34.10.

Unity Software Stock Up 2.8%

U stock opened at $36.25 on Wednesday. Unity Software has a 1-year low of $15.33 and a 1-year high of $46.94. The business has a fifty day moving average price of $40.19 and a 200-day moving average price of $30.42. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.73 and a quick ratio of 2.73. The stock has a market capitalization of $15.32 billion, a P/E ratio of -34.20 and a beta of 2.32.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.01). Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.The business had revenue of $440.94 million during the quarter, compared to analysts' expectations of $425.18 million. During the same quarter in the prior year, the firm earned ($0.32) EPS. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts forecast that Unity Software will post -1.25 earnings per share for the current fiscal year.

Insider Activity at Unity Software

In other Unity Software news, Director David Helgason sold 1,350,000 shares of the company's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $44.43, for a total value of $59,980,500.00. Following the completion of the sale, the director owned 6,139,173 shares in the company, valued at $272,763,456.39. This represents a 18.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Alexander Blum sold 63,813 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $39.41, for a total value of $2,514,870.33. Following the completion of the sale, the chief operating officer owned 603,811 shares of the company's stock, valued at approximately $23,796,191.51. The trade was a 9.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,236,951 shares of company stock valued at $95,081,659 in the last 90 days. 3.61% of the stock is owned by company insiders.

Institutional Trading of Unity Software

A number of hedge funds and other institutional investors have recently bought and sold shares of U. GAMMA Investing LLC lifted its holdings in shares of Unity Software by 10.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,967 shares of the company's stock valued at $119,000 after buying an additional 288 shares during the period. Allworth Financial LP lifted its holdings in shares of Unity Software by 28.4% in the 2nd quarter. Allworth Financial LP now owns 1,865 shares of the company's stock valued at $45,000 after buying an additional 412 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Unity Software by 4.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 10,766 shares of the company's stock valued at $261,000 after buying an additional 454 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Unity Software by 2.1% in the 2nd quarter. Captrust Financial Advisors now owns 22,330 shares of the company's stock valued at $540,000 after buying an additional 462 shares during the period. Finally, Resona Asset Management Co. Ltd. lifted its holdings in shares of Unity Software by 11.1% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 5,116 shares of the company's stock valued at $124,000 after buying an additional 510 shares during the period. 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.

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