Unity Software (NYSE:U) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Unity Software (NYSE:U) in a report released on Wednesday morning, MarketBeat reports. The firm issued a hold rating and a $39.00 target price on the stock.

Other research analysts have also recently issued research reports about the company. HSBC cut Unity Software from a “buy” rating to a “hold” rating and raised their target price for the company from $37.50 to $40.80 in a research note on Tuesday, September 30th. JMP Securities raised their target price on Unity Software from $30.00 to $35.00 and gave the company a “market outperform” rating in a research note on Thursday, August 7th. Citigroup raised their target price on Unity Software from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Wall Street Zen upgraded Unity Software from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, The Goldman Sachs Group started coverage on Unity Software in a research note on Wednesday, October 15th. They issued a “neutral” rating and a $38.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $34.10.

Unity Software Price Performance

Shares of U stock opened at $37.29 on Wednesday. The firm has a market cap of $15.76 billion, a P/E ratio of -35.18 and a beta of 2.32. Unity Software has a fifty-two week low of $15.33 and a fifty-two week high of $46.94. The business’s 50 day moving average price is $40.08 and its 200-day moving average price is $30.73. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.73 and a current ratio of 2.73.

Unity Software (NYSE:U) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.The business had revenue of $440.94 million during the quarter, compared to the consensus estimate of $425.18 million. During the same quarter in the prior year, the business posted ($0.32) earnings per share. Unity Software’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts anticipate that Unity Software will post -1.25 earnings per share for the current year.

Insider Buying and Selling at Unity Software

In other Unity Software news, CEO Matthew S. Bromberg sold 120,000 shares of Unity Software stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $40.03, for a total transaction of $4,803,600.00. Following the completion of the transaction, the chief executive officer owned 1,222,812 shares in the company, valued at approximately $48,949,164.36. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Alexander Blum sold 63,813 shares of Unity Software stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $39.41, for a total value of $2,514,870.33. Following the completion of the sale, the chief operating officer directly owned 603,811 shares of the company’s stock, valued at approximately $23,796,191.51. The trade was a 9.56% 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 ninety days. Corporate insiders own 3.61% of the company’s stock.

Institutional Trading of Unity Software

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Unity Software by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 32,964,521 shares of the company’s stock worth $645,775,000 after purchasing an additional 1,841,486 shares in the last quarter. Slate Path Capital LP increased its holdings in shares of Unity Software by 25.4% in the 2nd quarter. Slate Path Capital LP now owns 20,016,952 shares of the company’s stock worth $484,410,000 after purchasing an additional 4,048,484 shares in the last quarter. Atreides Management LP increased its holdings in shares of Unity Software by 146.7% in the 1st quarter. Atreides Management LP now owns 9,430,955 shares of the company’s stock worth $184,752,000 after purchasing an additional 5,607,572 shares in the last quarter. Norges Bank bought a new stake in shares of Unity Software in the 2nd quarter worth $151,221,000. Finally, Geode Capital Management LLC increased its holdings in shares of Unity Software by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 5,064,703 shares of the company’s stock worth $122,587,000 after purchasing an additional 36,105 shares in the last quarter. 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.