Unity Software (NYSE:U) Given Outperform Rating at Wedbush

Unity Software (NYSE:U)‘s stock had its “outperform” rating restated by research analysts at Wedbush in a report released on Thursday,RTT News reports. They presently have a $27.00 price objective on the stock. Wedbush’s price objective suggests a potential upside of 25.20% from the company’s previous close.

Other equities analysts have also issued research reports about the company. UBS Group raised their price target on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. JMP Securities restated a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Morgan Stanley lifted their target price on Unity Software from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Barclays lifted their target price on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, Benchmark lifted their target price on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.81.

Unity Software Stock Performance

Shares of Unity Software stock opened at $21.57 on Thursday. The firm has a market cap of $8.69 billion, a P/E ratio of -10.57 and a beta of 2.32. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software has a 12 month low of $13.90 and a 12 month high of $35.56. The stock’s fifty day moving average price is $22.85 and its 200-day moving average price is $20.74.

Insider Transactions at Unity Software

In related news, Director David Helgason sold 7,860 shares of Unity Software stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $26.45, for a total transaction of $207,897.00. Following the completion of the sale, the director now owns 10,493 shares of the company’s stock, valued at $277,539.85. The trade was a 42.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total value of $6,255,000.00. Following the sale, the director now directly owns 3,648,146 shares of the company’s stock, valued at $91,276,612.92. This trade represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 681,154 shares of company stock worth $16,639,520. Insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Unity Software

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after acquiring an additional 949 shares during the period. R Squared Ltd acquired a new position in Unity Software in the fourth quarter valued at approximately $30,000. Principal Securities Inc. lifted its holdings in Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after acquiring an additional 477 shares during the period. Planning Capital Management Corp acquired a new position in Unity Software in the third quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC acquired a new position in Unity Software in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

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.