Unity Software (NYSE:U) Stock Rating Lowered by Wall Street Zen

Unity Software (NYSE:U - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.

Several other research analysts have also recently commented on U. Bank of America began coverage on Unity Software in a research note on Thursday. They issued an "underperform" rating and a $15.00 price target on the stock. Barclays cut their price target on Unity Software from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Jefferies Financial Group upgraded Unity Software from a "hold" rating to a "buy" rating and boosted their price target for the stock from $22.00 to $29.00 in a research note on Friday, May 30th. Macquarie began coverage on Unity Software in a research note on Monday, March 10th. They issued a "neutral" rating and a $24.00 price target on the stock. Finally, Stifel Nicolaus cut their price target on Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $24.47.

Unity Software Stock Up 4.0%

NYSE:U traded up $0.93 during mid-day trading on Friday, hitting $24.33. The company had a trading volume of 14,811,707 shares, compared to its average volume of 11,500,297. The business has a fifty day simple moving average of $22.82 and a 200-day simple moving average of $22.33. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.70. Unity Software has a 1 year low of $13.90 and a 1 year high of $30.88. The firm has a market capitalization of $10.11 billion, a price-to-earnings ratio of -21.72 and a beta of 2.34.

Unity Software (NYSE:U - Get Free Report) last released 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 return on equity of 14.12% and a negative net margin of 25.21%. The company had revenue of $435.00 million for the quarter, compared to analyst estimates of $415.77 million. During the same period last year, the company posted $0.28 earnings per share. The firm's revenue was down 5.5% 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 Tomer Bar-Zeev sold 9,551 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $25.51, for a total transaction of $243,646.01. Following the completion of the transaction, the director now directly owns 748,099 shares of the company's stock, valued at approximately $19,084,005.49. This trade represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mark Barrysmith sold 1,595 shares of the stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $18.43, for a total value of $29,395.85. Following the transaction, the chief accounting officer now directly owns 481,822 shares of the company's stock, valued at approximately $8,879,979.46. The trade was a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,294,611 shares of company stock worth $30,506,382 in the last three months. 3.61% of the stock is owned by company insiders.

Hedge Funds Weigh In On Unity Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in U. Charles Schwab Investment Management Inc. raised its position in shares of Unity Software by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,958,400 shares of the company's stock worth $44,005,000 after purchasing an additional 72,384 shares during the period. Vanguard Group Inc. raised its position in shares of Unity Software by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company's stock worth $699,335,000 after purchasing an additional 625,872 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Unity Software during the fourth quarter worth $1,151,000. GAMMA Investing LLC raised its position in shares of Unity Software by 3,279.2% during the first quarter. GAMMA Investing LLC now owns 55,283 shares of the company's stock worth $1,083,000 after purchasing an additional 53,647 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of Unity Software by 7.3% during the fourth quarter. Janus Henderson Group PLC now owns 127,649 shares of the company's stock worth $2,870,000 after purchasing an additional 8,649 shares during the period. 73.46% of the stock is owned by 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.

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