Unity Software (NYSE:U) PT Lowered to $137.00 at Credit Suisse Group

Unity Software (NYSE:UGet Rating) had its target price decreased by stock analysts at Credit Suisse Group from $160.00 to $137.00 in a research note issued to investors on Wednesday, The Fly reports. Credit Suisse Group’s target price would suggest a potential upside of 184.65% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Unity Software from $154.00 to $137.00 and set a “buy” rating on the stock in a report on Thursday, April 14th. Stifel Nicolaus lowered their price objective on shares of Unity Software from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, March 21st. Oppenheimer lowered their price objective on shares of Unity Software from $185.00 to $135.00 in a research report on Friday, February 4th. Citigroup initiated coverage on shares of Unity Software in a research report on Thursday, April 7th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, Daiwa Capital Markets downgraded shares of Unity Software from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $110.00 to $34.00 in a research report on Wednesday. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $137.57.

NYSE:U opened at $48.13 on Wednesday. The company’s 50 day moving average price is $84.97 and its 200-day moving average price is $118.07. Unity Software has a 52 week low of $44.55 and a 52 week high of $210.00. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.71. The stock has a market cap of $14.25 billion, a price-to-earnings ratio of -25.47 and a beta of 2.64.

Unity Software (NYSE:UGet Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported ($0.08) EPS for the quarter, meeting analysts’ consensus estimates of ($0.08). Unity Software had a negative net margin of 47.96% and a negative return on equity of 20.13%. The firm had revenue of $320.13 million for the quarter, compared to analysts’ expectations of $321.17 million. During the same quarter in the prior year, the company posted ($0.38) earnings per share. The business’s revenue for the quarter was up 36.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Unity Software will post -1.55 earnings per share for the current year.

In other news, Director David Helgason sold 83,333 shares of the firm’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $101.31, for a total transaction of $8,442,466.23. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Marc Whitten sold 3,433 shares of the firm’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $65.54, for a total transaction of $224,998.82. Following the sale, the senior vice president now owns 270,798 shares in the company, valued at $17,748,100.92. The disclosure for this sale can be found here. Insiders sold 99,824 shares of company stock worth $10,026,399 over the last quarter. Insiders own 19.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Rehmann Capital Advisory Group purchased a new position in Unity Software during the third quarter valued at $666,000. Northern Oak Wealth Management Inc. purchased a new position in Unity Software during the fourth quarter valued at $25,000. Rockbridge Investment Management LCC purchased a new position in Unity Software during the fourth quarter valued at $26,000. Liberty Wealth Management LLC grew its stake in Unity Software by 376.7% during the third quarter. Liberty Wealth Management LLC now owns 205 shares of the company’s stock valued at $32,000 after acquiring an additional 162 shares in the last quarter. Finally, San Luis Wealth Advisors LLC purchased a new position in Unity Software during the first quarter valued at $31,000. Hedge funds and other institutional investors own 75.48% of the company’s stock.

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.

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