Unity Software Inc. (NYSE:U – Get Rating) was down 3.9% during mid-day trading on Friday after Barclays lowered their price target on the stock from $32.00 to $31.00. The stock traded as low as $31.21 and last traded at $31.21. Approximately 1,570,441 shares changed hands during trading, a decline of 84% from the average daily volume of 9,556,626 shares. The stock had previously closed at $32.46.
U has been the topic of a number of other reports. DA Davidson upped their target price on shares of Unity Software from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. The Goldman Sachs Group upped their price target on Unity Software from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 15th. Oppenheimer downgraded Unity Software from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 23rd. Piper Sandler increased their price objective on Unity Software from $33.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, February 23rd. Finally, Credit Suisse Group cut their price target on Unity Software from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Thursday, February 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.06.
Insider Activity
In related news, CMO Carol W. Carpenter sold 32,238 shares of Unity Software stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $30.27, for a total value of $975,844.26. Following the transaction, the chief marketing officer now directly owns 400,738 shares of the company’s stock, valued at $12,130,339.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Unity Software news, insider Tomer Bar-Zeev sold 37,500 shares of Unity Software stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $32.13, for a total value of $1,204,875.00. Following the completion of the sale, the insider now directly owns 1,763,959 shares in the company, valued at $56,676,002.67. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Carol W. Carpenter sold 32,238 shares of Unity Software stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $30.27, for a total value of $975,844.26. Following the completion of the sale, the chief marketing officer now owns 400,738 shares of the company’s stock, valued at $12,130,339.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 155,328 shares of company stock valued at $4,926,866. 6.90% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Unity Software
Several hedge funds and other institutional investors have recently modified their holdings of U. Romano Brothers AND Company bought a new stake in Unity Software during the fourth quarter worth $25,000. Geneos Wealth Management Inc. boosted its position in Unity Software by 74.5% in the first quarter. Geneos Wealth Management Inc. now owns 977 shares of the company’s stock worth $96,000 after purchasing an additional 417 shares during the last quarter. Ellevest Inc. boosted its position in Unity Software by 133.2% in the fourth quarter. Ellevest Inc. now owns 1,005 shares of the company’s stock worth $29,000 after purchasing an additional 574 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of Unity Software during the 1st quarter valued at $33,000. Finally, Compagnie Lombard Odier SCmA lifted its position in shares of Unity Software by 2,000.0% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,050 shares of the company’s stock valued at $30,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 82.50% of the company’s stock.
Unity Software Price Performance
The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average price of $28.83 and a 200 day moving average price of $31.16. The stock has a market cap of $9.27 billion, a PE ratio of -11.00 and a beta of 2.16.
Unity Software (NYSE:U – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.24). Unity Software had a negative net margin of 66.21% and a negative return on equity of 25.70%. The firm had revenue of $450.97 million for the quarter, compared to analysts’ expectations of $433.25 million. As a group, research analysts forecast that Unity Software Inc. will post -1.46 earnings per share for the current fiscal 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.