Unity Software (NYSE:U) Rating Increased 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 Monday morning.

Other research analysts have also issued reports about the stock. Barclays decreased their target price on shares of 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. Hsbc Global Res raised Unity Software to a "strong-buy" rating in a research note on Friday, February 21st. Citizens Jmp upgraded shares of Unity Software from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Morgan Stanley cut their price target on shares of Unity Software from $32.00 to $25.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Needham & Company LLC dropped their target price on shares of Unity Software from $33.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Unity Software has a consensus rating of "Moderate Buy" and an average target price of $25.14.

Unity Software Stock Performance

NYSE:U traded up $0.75 on Monday, hitting $24.98. The stock had a trading volume of 10,505,011 shares, compared to its average volume of 11,420,898. 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 has a 52-week low of $13.90 and a 52-week high of $30.88. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of -14.87 and a beta of 2.34. The business's 50-day simple moving average is $21.55 and its two-hundred day simple moving average is $22.44.

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

Insider Buying and Selling

In other news, CAO Mark Barrysmith sold 1,445 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $20.61, for a total transaction of $29,781.45. Following the sale, the chief accounting officer now owns 483,417 shares of the company's stock, valued at $9,963,224.37. This trade represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Anirma Gupta sold 46,957 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $21.24, for a total value of $997,366.68. Following the sale, the senior vice president now owns 644,952 shares of the company's stock, valued at approximately $13,698,780.48. This represents a 6.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,296,538 shares of company stock worth $30,546,097. 3.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Unity Software

Institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC raised its stake in shares of Unity Software by 30,300.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company's stock worth $25,000 after acquiring an additional 1,212 shares in the last quarter. Anderson Financial Strategies LLC acquired a new position in Unity Software during the 4th quarter valued at about $28,000. Principal Securities Inc. raised its stake in Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after buying an additional 477 shares during the last quarter. Banque Transatlantique SA acquired a new stake in Unity Software in the first quarter worth about $28,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Unity Software during the fourth quarter worth about $36,000. 73.46% of the stock is owned by institutional investors.

About Unity Software

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.