Unity Software (NYSE:U) Raised to "Buy" at Wall Street Zen

Wall Street Zen upgraded shares of Unity Software (NYSE:U - Free Report) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other research analysts have also issued reports on U. Macquarie started coverage on Unity Software in a report on Monday, March 10th. They issued a "neutral" rating and a $24.00 target price on the stock. UBS Group dropped their price objective on Unity Software from $30.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Citizens Jmp raised Unity Software from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. HSBC upgraded Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price target for the company in a research report on Friday, February 21st. Finally, Needham & Company LLC lowered their target price on shares of Unity Software from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $24.21.

Unity Software Stock Up 13.3%

NYSE U traded up $2.90 during midday trading on Friday, hitting $24.71. 27,872,020 shares of the company traded hands, compared to its average volume of 11,053,619. The company's 50-day simple moving average is $20.57 and its 200-day simple moving average is $22.07. The company has a market cap of $10.27 billion, a PE ratio of -14.74 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software has a 52 week low of $13.90 and a 52 week high of $30.88.

Unity Software (NYSE:U - Get Free Report) last posted 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 13.40% and a negative net margin of 36.63%. The firm had revenue of $435.00 million during the quarter, compared to the consensus estimate of $415.77 million. During the same period in the prior year, the company earned $0.28 EPS. The firm's revenue was down 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that Unity Software will post -1.25 earnings per share for the current year.

Insider Buying and Selling at Unity Software

In related news, Director David Helgason sold 38,924 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $25.84, for a total value of $1,005,796.16. Following the completion of the sale, the director now directly owns 7,750,646 shares in the company, valued at approximately $200,276,692.64. This represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Tomer Bar-Zeev sold 236,337 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $23.92, for a total value of $5,653,181.04. Following the sale, the director now directly owns 3,161,809 shares of the company's stock, valued at $75,630,471.28. This represents a 6.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 614,082 shares of company stock worth $13,706,735 in the last quarter. 6.30% of the stock is owned by insiders.

Institutional Trading of Unity Software

A number of institutional investors have recently bought and sold shares of U. Cornerstone Planning Group LLC boosted its holdings in shares of Unity Software by 30,300.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company's stock worth $25,000 after purchasing an additional 1,212 shares in the last quarter. Anderson Financial Strategies LLC purchased a new position in Unity Software during the 4th quarter valued at $28,000. R Squared Ltd purchased a new position in shares of Unity Software during the 4th quarter worth approximately $30,000. Principal Securities Inc. increased its stake in shares of Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after acquiring an additional 477 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new position in shares of Unity Software during the first quarter valued at approximately $28,000. 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.