Shares of Unity Software Inc. (NYSE:U – Get Free Report) hit a new 52-week low during mid-day trading on Monday after Stifel Nicolaus lowered their price target on the stock from $30.00 to $25.00. Stifel Nicolaus currently has a buy rating on the stock. Unity Software traded as low as $17.16 and last traded at $17.16, with a volume of 79569 shares changing hands. The stock had previously closed at $17.27.
U has been the subject of several other research reports. The Goldman Sachs Group reduced their target price on shares of Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Macquarie cut Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price objective for the company. in a research report on Monday, February 12th. Wedbush restated an “outperform” rating and set a $33.50 target price on shares of Unity Software in a research report on Friday, May 10th. Barclays reduced their price objective on shares of Unity Software from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Finally, Piper Sandler raised Unity Software from an “underweight” rating to a “neutral” rating and decreased their price target for the stock from $35.00 to $30.00 in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.79.
Insider Activity
In other Unity Software news, SVP Anirma Gupta sold 1,037 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $24.42, for a total transaction of $25,323.54. Following the completion of the sale, the senior vice president now directly owns 386,706 shares in the company, valued at $9,443,360.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Unity Software news, SVP Anirma Gupta sold 1,037 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $24.42, for a total transaction of $25,323.54. Following the completion of the sale, the senior vice president now directly owns 386,706 shares in the company, valued at $9,443,360.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Carol W. Carpenter sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $24.18, for a total transaction of $48,360.00. Following the sale, the chief marketing officer now directly owns 442,617 shares of the company’s stock, valued at $10,702,479.06. The disclosure for this sale can be found here. Insiders sold 246,297 shares of company stock valued at $4,872,320 in the last ninety days. Company insiders own 6.30% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in U. Norges Bank purchased a new stake in Unity Software during the 4th quarter worth $379,180,000. Capital International Investors grew its stake in shares of Unity Software by 426.1% during the first quarter. Capital International Investors now owns 7,872,413 shares of the company’s stock valued at $210,193,000 after acquiring an additional 6,376,034 shares in the last quarter. Capital Research Global Investors increased its position in shares of Unity Software by 510.2% during the fourth quarter. Capital Research Global Investors now owns 7,181,661 shares of the company’s stock worth $293,658,000 after acquiring an additional 6,004,655 shares during the last quarter. Nikko Asset Management Americas Inc. lifted its stake in shares of Unity Software by 32.6% in the first quarter. Nikko Asset Management Americas Inc. now owns 11,326,547 shares of the company’s stock worth $302,419,000 after acquiring an additional 2,787,058 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Unity Software by 30.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company’s stock valued at $317,984,000 after purchasing an additional 2,777,884 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.
Unity Software Trading Up 4.1 %
The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.70. The business has a 50 day simple moving average of $22.52 and a two-hundred day simple moving average of $29.07. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of -8.02 and a beta of 2.29.
Unity Software (NYSE:U – Get Free Report) last released its earnings results on Thursday, May 9th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.13. The company had revenue of $460.38 million during the quarter, compared to analysts’ expectations of $422.53 million. Unity Software had a negative return on equity of 7.73% and a negative net margin of 40.11%. As a group, equities analysts anticipate that Unity Software Inc. will post -1.81 EPS for the current year.
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.