Unity Software (NYSE:U – Get Free Report) had its price objective upped by equities researchers at UBS Group from $35.00 to $40.00 in a report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 10.34% from the stock’s previous close.
Several other research analysts have also commented on U. BTIG Research lowered shares of Unity Software from a “neutral” rating to a “sell” rating and set a $25.00 price objective for the company. in a research note on Wednesday, July 23rd. Bank of America assumed coverage on shares of Unity Software in a research note on Thursday, June 26th. They issued an “underperform” rating and a $15.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Unity Software from $29.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Zacks Research downgraded shares of Unity Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Hsbc Global Res downgraded shares of Unity Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Unity Software has a consensus rating of “Hold” and a consensus target price of $33.81.
Read Our Latest Research Report on Unity Software
Unity Software Trading Up 2.8%
Unity Software (NYSE:U – Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.01). Unity Software had a negative net margin of 24.38% and a negative return on equity of 13.59%. The business had revenue of $440.94 million during the quarter, compared to analysts’ expectations of $425.18 million. During the same period in the previous year, the business posted ($0.32) EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts anticipate that Unity Software will post -1.25 EPS for the current fiscal year.
Insider Activity at Unity Software
In other Unity Software news, CAO Mark Barrysmith sold 802 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $36.22, for a total transaction of $29,048.44. Following the sale, the chief accounting officer owned 452,986 shares of the company’s stock, valued at approximately $16,407,152.92. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Anirma Gupta sold 2,734 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $37.85, for a total transaction of $103,481.90. Following the sale, the senior vice president directly owned 175,510 shares in the company, valued at approximately $6,643,053.50. The trade was a 1.53% 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 quarter. Company insiders own 3.61% of the company’s stock.
Institutional Trading of Unity Software
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. acquired a new position in shares of Unity Software in the 3rd quarter valued at $40,000. CX Institutional acquired a new position in shares of Unity Software in the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp acquired a new position in shares of Unity Software in the 2nd quarter valued at $28,000. Cornerstone Planning Group LLC increased 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 valued at $25,000 after acquiring an additional 1,212 shares during the period. Finally, Roxbury Financial LLC acquired a new position in shares of Unity Software in the 3rd quarter valued at $60,000. Institutional investors and hedge funds own 73.46% of the company’s stock.
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.
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