Unity Software (NYSE:U – Get Free Report) had its target price upped by equities research analysts at UBS Group from $26.00 to $28.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 1.53% from the stock’s current price.
U has been the topic of several other research reports. Jefferies Financial Group boosted their target price on shares of Unity Software from $49.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, January 5th. Freedom Capital raised shares of Unity Software to a “strong-buy” rating in a report on Thursday, January 15th. The Goldman Sachs Group dropped their price objective on shares of Unity Software from $47.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $37.00 price objective on shares of Unity Software in a report on Friday, March 27th. Finally, Benchmark reaffirmed a “hold” rating on shares of Unity Software in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Unity Software presently has a consensus rating of “Moderate Buy” and an average target price of $37.04.
Read Our Latest Stock Analysis on Unity Software
Unity Software Stock Performance
Unity Software (NYSE:U – Get Free Report) last released its earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. The company had revenue of $503.09 million for the quarter, compared to the consensus estimate of $490.64 million. Unity Software had a negative net margin of 21.77% and a negative return on equity of 4.76%. Unity Software’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.30) EPS. As a group, research analysts forecast that Unity Software will post 0.13 earnings per share for the current year.
Insider Buying and Selling
In other news, CFO Jarrod Yahes sold 6,205 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $21.03, for a total value of $130,491.15. Following the completion of the sale, the chief financial officer directly owned 728,381 shares in the company, valued at $15,317,852.43. This represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark Barrysmith sold 10,578 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total transaction of $191,144.46. Following the completion of the sale, the chief accounting officer owned 383,901 shares of the company’s stock, valued at $6,937,091.07. This trade represents a 2.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 41,684 shares of company stock valued at $773,350. Corporate insiders own 0.77% of the company’s stock.
Institutional Investors Weigh In On Unity Software
Hedge funds and other institutional investors have recently bought and sold shares of the company. REAP Financial Group LLC acquired a new stake in Unity Software during the fourth quarter worth about $28,000. Root Financial Partners LLC acquired a new stake in Unity Software during the third quarter worth about $27,000. V Square Quantitative Management LLC acquired a new stake in Unity Software during the fourth quarter worth about $30,000. Larson Financial Group LLC increased its position in Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Unity Software during the fourth quarter worth about $36,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.
Unity Software Company Profile
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.
Further Reading
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