Unity Software (NYSE:U) Cut to Hold at Wall Street Zen

by · The Markets Daily

Wall Street Zen lowered shares of Unity Software (NYSE:U – Free Report) from a buy rating to a hold rating in a report published on Sunday morning,Wall Street Zen reports.

Several other analysts have also issued reports on the stock. UBS Group restated an “outperform” rating on shares of Unity Software in a research report on Friday, August 7th. Citizens Jmp increased their target price on shares of Unity Software from $37.00 to $45.00 and gave the company a “market outperform” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Unity Software from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th. Zacks Research raised Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Finally, Wedbush boosted their price target on Unity Software from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Unity Software currently has an average rating of “Moderate Buy” and an average target price of $45.16.

View Our Latest Analysis on U

Unity Software Stock Down 1.8%

Shares of U stock opened at $44.85 on Friday. Unity Software has a 12 month low of $16.78 and a 12 month high of $52.15. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55. The firm has a market cap of $19.74 billion, a PE ratio of -32.98, a price-to-earnings-growth ratio of 2.00 and a beta of 2.11. The stock has a 50 day moving average of $42.14 and a 200-day moving average of $32.04.

Unity Software (NYSE:U – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.39. The business had revenue of $546.47 million for the quarter, compared to the consensus estimate of $514.72 million. Unity Software had a negative net margin of 28.97% and a positive return on equity of 4.64%. Unity Software’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the company posted $0.18 earnings per share. On average, equities analysts predict that Unity Software will post 0.55 EPS for the current year.

Insider Buying and Selling

In related news, COO Alexander Blum sold 43,556 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $43.51, for a total transaction of $1,895,121.56. Following the completion of the transaction, the chief operating officer owned 661,855 shares in the company, valued at $28,797,311.05. This trade represents a 6.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jarrod Yahes sold 26,017 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $45.31, for a total value of $1,178,830.27. Following the completion of the sale, the chief financial officer directly owned 678,343 shares in the company, valued at approximately $30,735,721.33. This represents a 3.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 109,547 shares of company stock valued at $4,884,202. 0.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Unity Software

Several institutional investors and hedge funds have recently made changes to their positions in U. Summit Securities Group LLC acquired a new stake in shares of Unity Software during the 1st quarter worth about $54,000. Global Retirement Partners LLC acquired a new position in Unity Software in the second quarter valued at about $56,000. Versant Capital Management Inc grew its stake in Unity Software by 37.6% during the second quarter. Versant Capital Management Inc now owns 2,041 shares of the company’s stock worth $58,000 after buying an additional 558 shares during the last quarter. Pacer Advisors Inc. grew its stake in Unity Software by 59.5% during the first quarter. Pacer Advisors Inc. now owns 2,626 shares of the company’s stock worth $58,000 after buying an additional 980 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in Unity Software by 284,400.0% during the first quarter. Fifth Third Bancorp now owns 2,845 shares of the company’s stock worth $62,000 after buying an additional 2,844 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Company Profile

(Get Free Report)

Unity Software Inc develops software and services for creating, operating and monetizing interactive, real-time 2D and 3D content. Its platform is widely used to build video games for mobile devices, personal computers, consoles and the web, as well as applications for industries such as automotive, architecture, engineering, construction, manufacturing and entertainment.

The company’s core offering is the Unity development platform, which includes tools for graphics, physics, animation, audio, scripting and cross-platform deployment.

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