Unity Software (NYSE:U) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Unity Software (NYSE:UFree Report) from a hold rating to a buy rating in a research note released on Saturday morning.

Several other analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Unity Software from a “hold” rating to a “buy” rating and increased their target price for the company from $31.00 to $50.00 in a research note on Friday. Oppenheimer upped their price target on Unity Software from $38.00 to $47.00 and gave the company an “outperform” rating in a report on Friday. Weiss Ratings raised Unity Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th. Wedbush lifted their price objective on Unity Software from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, Citigroup decreased their target price on Unity Software from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.16.

Check Out Our Latest Research Report on U

Unity Software Price Performance

Shares of NYSE U opened at $43.16 on Friday. Unity Software has a twelve month low of $16.78 and a twelve month high of $52.15. The firm has a market cap of $18.99 billion, a P/E ratio of -31.74, a PEG ratio of 5.09 and a beta of 2.04. The company has a 50 day moving average of $30.37 and a 200 day moving average of $26.60. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56.

Insider Transactions at Unity Software

In other Unity Software news, CFO Jarrod Yahes sold 24,021 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total value of $652,890.78. Following the transaction, the chief financial officer owned 704,360 shares of the company’s stock, valued at approximately $19,144,504.80. This represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew S. Bromberg sold 138,993 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total value of $3,777,829.74. Following the completion of the transaction, the chief executive officer directly owned 1,557,514 shares in the company, valued at $42,333,230.52. The trade was a 8.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 198,321 shares of company stock worth $5,390,783. Company insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Unity Software

Several institutional investors have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. boosted its stake in Unity Software by 12.9% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock worth $108,000 after purchasing an additional 308 shares during the period. Larson Financial Group LLC raised its position in shares of Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after buying an additional 341 shares during the last quarter. Swiss Life Asset Management Ltd lifted its holdings in shares of Unity Software by 3.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 14,861 shares of the company’s stock worth $656,000 after buying an additional 449 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Unity Software by 2.1% in the second quarter. Captrust Financial Advisors now owns 22,330 shares of the company’s stock worth $540,000 after buying an additional 462 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in shares of Unity Software by 8.9% in the fourth quarter. Ritholtz Wealth Management now owns 5,732 shares of the company’s stock worth $253,000 after buying an additional 468 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

Unity Software News Summary

Here are the key news stories impacting Unity Software this week:

Unity Software Company Profile

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Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.

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