Unity Software (NYSE:U) Price Target Cut to $54.00 by Analysts at Citigroup

Unity Software (NYSE:UGet Rating) had its price objective trimmed by Citigroup from $61.00 to $54.00 in a research note released on Monday, The Fly reports.

A number of other research analysts also recently issued reports on U. Bank of America initiated coverage on shares of Unity Software in a research report on Friday, September 30th. They set a neutral rating and a $40.00 target price on the stock. Oppenheimer cut their target price on shares of Unity Software from $60.00 to $28.00 in a research report on Thursday, November 10th. Wedbush cut their target price on shares of Unity Software from $70.00 to $45.00 in a research report on Thursday, November 10th. BTIG Research cut their target price on shares of Unity Software from $68.00 to $44.00 and set a buy rating on the stock in a research report on Wednesday, October 26th. Finally, Needham & Company LLC initiated coverage on shares of Unity Software in a research report on Friday, October 7th. They set a buy rating and a $50.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Unity Software currently has a consensus rating of Hold and an average price target of $49.65.

Unity Software Stock Down 7.5 %

Shares of NYSE U opened at $32.09 on Monday. The firm’s 50-day simple moving average is $31.76 and its 200 day simple moving average is $38.28. The company has a market cap of $9.65 billion, a price-to-earnings ratio of -11.97 and a beta of 1.77. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.77. Unity Software has a 12-month low of $21.22 and a 12-month high of $195.35.

Insider Buying and Selling

In related news, CMO Carol W. Carpenter sold 797 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $34.40, for a total transaction of $27,416.80. Following the completion of the sale, the chief marketing officer now directly owns 437,978 shares of the company’s stock, valued at approximately $15,066,443.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Luis Felipe Visoso sold 9,894 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $45.94, for a total transaction of $454,530.36. Following the completion of the transaction, the chief financial officer now directly owns 314,251 shares of the company’s stock, valued at approximately $14,436,690.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Carol W. Carpenter sold 797 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $34.40, for a total transaction of $27,416.80. Following the transaction, the chief marketing officer now directly owns 437,978 shares of the company’s stock, valued at $15,066,443.20. The disclosure for this sale can be found here. In the last three months, insiders sold 18,831 shares of company stock valued at $836,315. 6.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Unity Software

Several hedge funds have recently made changes to their positions in U. Comerica Bank bought a new position in shares of Unity Software during the 1st quarter worth approximately $426,000. Nisa Investment Advisors LLC bought a new position in shares of Unity Software during the 1st quarter worth approximately $704,000. Signaturefd LLC grew its stake in shares of Unity Software by 102.6% during the 1st quarter. Signaturefd LLC now owns 2,348 shares of the company’s stock worth $233,000 after acquiring an additional 1,189 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Unity Software by 83.1% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 3,333 shares of the company’s stock worth $331,000 after acquiring an additional 1,513 shares in the last quarter. Finally, Atria Investments LLC bought a new position in shares of Unity Software during the 1st quarter worth approximately $1,028,000. 77.37% of the stock is owned by institutional investors.

Unity Software Company Profile

(Get Rating)

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.

Featured Articles

The Fly logo

Analyst Recommendations for Unity Software (NYSE:U)

Receive News & Ratings for Unity Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unity Software and related companies with MarketBeat.com's FREE daily email newsletter.