Unity Software (NYSE:U) Given New $50.00 Price Target at Stifel Nicolaus

Unity Software (NYSE:UGet Rating) had its price objective reduced by Stifel Nicolaus from $60.00 to $50.00 in a report issued on Tuesday, The Fly reports.

Several other equities analysts have also issued reports on the company. DA Davidson lowered their price target on Unity Software from $85.00 to $60.00 in a research report on Thursday, July 14th. Jefferies Financial Group lowered their price target on Unity Software from $40.00 to $36.00 in a research report on Thursday, June 16th. Robert W. Baird lowered Unity Software from an outperform rating to a neutral rating in a research report on Wednesday, July 13th. Credit Suisse Group decreased their target price on Unity Software from $137.00 to $105.00 and set an outperform rating for the company in a research report on Tuesday, June 21st. Finally, BTIG Research decreased their target price on Unity Software from $110.00 to $72.00 and set a buy rating for the company in a research report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $88.47.

Unity Software Stock Performance

Shares of Unity Software stock opened at $40.96 on Tuesday. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $12.12 billion, a P/E ratio of -19.50 and a beta of 2.14. The business has a fifty day simple moving average of $38.98 and a two-hundred day simple moving average of $70.29. Unity Software has a 12 month low of $29.09 and a 12 month high of $210.00.

Unity Software (NYSE:UGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.04). The firm had revenue of $320.13 million for the quarter, compared to analysts’ expectations of $321.17 million. Unity Software had a negative net margin of 50.40% and a negative return on equity of 20.50%. The business’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.38) EPS. On average, equities analysts forecast that Unity Software will post -1.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Unity Software

In related news, SVP Marc Whitten sold 6,021 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $38.19, for a total transaction of $229,941.99. Following the completion of the transaction, the senior vice president now directly owns 264,777 shares in the company, valued at approximately $10,111,833.63. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Luis Felipe Visoso sold 33,804 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $38.17, for a total transaction of $1,290,298.68. Following the completion of the transaction, the chief financial officer now directly owns 324,145 shares in the company, valued at approximately $12,372,614.65. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Marc Whitten sold 6,021 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $38.19, for a total value of $229,941.99. Following the transaction, the senior vice president now owns 264,777 shares of the company’s stock, valued at $10,111,833.63. The disclosure for this sale can be found here. Insiders sold a total of 55,905 shares of company stock worth $2,169,306 in the last three months. 6.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northern Oak Wealth Management Inc. bought a new position in Unity Software in the 4th quarter worth approximately $25,000. Rockbridge Investment Management LCC bought a new position in Unity Software in the 4th quarter worth approximately $26,000. Tcwp LLC bought a new position in Unity Software in the 1st quarter worth approximately $26,000. Capital Advisory Group Advisory Services LLC bought a new position in Unity Software in the 1st quarter worth approximately $28,000. Finally, San Luis Wealth Advisors LLC bought a new position in Unity Software in the 1st quarter worth approximately $31,000. 75.48% of the stock is currently owned by institutional investors.

Unity Software Company Profile

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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.

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