Unity Software (NYSE:U) Upgraded 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 report published on Saturday.

Several other equities analysts have also weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC decreased their price target on Unity Software from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Wedbush cut shares of Unity Software from a "strong-buy" rating to a "strong sell" rating in a research note on Wednesday, May 7th. JMP Securities reiterated a "market perform" rating on shares of Unity Software in a report on Monday, February 3rd. Finally, UBS Group reduced their price target on shares of Unity Software from $30.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $24.21.

Unity Software Stock Performance

Shares of NYSE:U traded down $0.46 on Friday, reaching $24.08. 3,606,078 shares of the company's stock were exchanged, compared to its average volume of 11,056,825. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of -14.27 and a beta of 2.29. Unity Software has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The business's 50-day moving average is $20.63 and its two-hundred day moving average is $22.09. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($0.38) by $0.19. The company had revenue of $435.00 million during the quarter, compared to analyst estimates of $415.77 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 EPS. As a group, equities research analysts forecast that Unity Software will post -1.25 EPS for the current year.

Insider Activity at Unity Software

In related news, CAO Mark Barrysmith sold 1,414 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $21.42, for a total value of $30,287.88. Following the transaction, the chief accounting officer now directly owns 480,408 shares in the company, valued at approximately $10,290,339.36. This represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tomer Bar-Zeev sold 166,667 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $21.59, for a total transaction of $3,598,340.53. Following the transaction, the director now owns 2,814,812 shares in the company, valued at $60,771,791.08. The trade was a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 614,082 shares of company stock worth $13,706,735. Company insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Unity Software

A number of large investors have recently made changes to their positions in U. Cornerstone Planning Group LLC boosted its position in shares of Unity Software by 30,300.0% during the first quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after purchasing an additional 1,212 shares in the last quarter. Anderson Financial Strategies LLC bought a new position in Unity Software during the 4th quarter valued at about $28,000. Banque Transatlantique SA bought a new position in Unity Software during the first quarter valued at approximately $28,000. R Squared Ltd bought a new position in Unity Software in the fourth quarter valued at about $30,000. Finally, Principal Securities Inc. lifted 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 purchasing an additional 477 shares during the period. 73.46% of the stock is currently 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.