UBS Group Boosts Unity Software (NYSE:U) Price Target to $20.00

Unity Software (NYSE:U) had its price objective hoisted by analysts at UBS Group from $15.00 to $20.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential downside of 9.54% from the company’s current price.

U has been the subject of a number of other research reports. Morgan Stanley raised shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research note on Tuesday, September 3rd. The Goldman Sachs Group reduced their price objective on Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a research note on Friday, August 9th. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. Stifel Nicolaus raised their price target on shares of Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Benchmark reduced their price target on Unity Software from $16.00 to $10.00 and set a “sell” rating for the company in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $23.63.

Unity Software Price Performance

NYSE:U opened at $22.11 on Friday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.70. The business’s 50-day moving average price is $19.17 and its 200 day moving average price is $19.35. Unity Software has a 52-week low of $13.90 and a 52-week high of $43.54. The firm has a market cap of $8.64 billion, a P/E ratio of -9.87 and a beta of 2.28.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.12. The firm had revenue of $449.30 million for the quarter, compared to analyst estimates of $438.37 million. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The firm’s quarterly revenue was down 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.26) earnings per share. As a group, sell-side analysts predict that Unity Software will post -1.86 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Anirma Gupta sold 1,506 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $16.73, for a total transaction of $25,195.38. Following the transaction, the senior vice president now owns 409,540 shares of the company’s stock, valued at $6,851,604.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Anirma Gupta sold 1,506 shares of Unity Software stock in a transaction on Monday, July 29th. The stock was sold at an average price of $16.73, for a total transaction of $25,195.38. Following the completion of the sale, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at $6,851,604.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Helgason sold 250,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the sale, the director now owns 8,201,851 shares in the company, valued at $168,876,112.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 283,106 shares of company stock worth $5,739,195. 6.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tradewinds Capital Management LLC raised its holdings in shares of Unity Software by 245.6% in the first quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock valued at $26,000 after purchasing an additional 700 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Unity Software by 2,429.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after acquiring an additional 996 shares in the last quarter. GAMMA Investing LLC raised its holdings in Unity Software by 343.8% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Unity Software by 163.0% during 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 in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock valued at $62,000 after purchasing an additional 562 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

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.