Unity Software (NYSE:U) Given New $16.00 Price Target at Macquarie

Unity Software (NYSE:U) had its price objective increased by Macquarie from $15.00 to $16.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an underperform rating on the stock.

Several other brokerages have also issued reports on U. Benchmark upped their target price on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research note on Friday. Wells Fargo & Company began coverage on Unity Software in a research report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective for the company. Morgan Stanley upgraded Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research report on Tuesday, September 3rd. UBS Group boosted their price objective on Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Unity Software currently has a consensus rating of “Hold” and a consensus target price of $23.35.

Unity Software Stock Down 1.5 %

Shares of U opened at $20.19 on Friday. The firm has a market cap of $8.01 billion, a P/E ratio of -9.90 and a beta of 2.29. The stock has a 50 day simple moving average of $20.49 and a two-hundred day simple moving average of $18.89. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36. Unity Software has a 1 year low of $13.90 and a 1 year high of $43.54.

Insider Activity at Unity Software

In other Unity Software news, SVP Felix The sold 30,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the transaction, the senior vice president now owns 423,679 shares in the company, valued at approximately $7,579,617.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Unity Software news, SVP Felix The sold 30,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the transaction, the senior vice president now owns 423,679 shares in the company, valued at approximately $7,579,617.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Helgason sold 250,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the transaction, the director now owns 8,201,851 shares of the company’s stock, valued at approximately $168,876,112.09. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 281,600 shares of company stock worth $5,714,000 over the last quarter. 6.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Unity Software

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 949 shares during the last quarter. Planning Capital Management Corp purchased a new stake in shares of Unity Software in the third quarter worth $34,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after acquiring an additional 1,389 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Unity Software by 31.6% in the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock worth $62,000 after acquiring an additional 562 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Unity Software in the first quarter worth $65,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

About Unity Software

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.