Unity Software (U) – Analysts’ Weekly Ratings Changes

Unity Software (NYSE: U) recently received a number of ratings updates from brokerages and research firms:

  • 5/11/2022 – Unity Software had its price target lowered by analysts at Piper Sandler from $145.00 to $55.00. They now have an “overweight” rating on the stock.
  • 5/11/2022 – Unity Software was downgraded by analysts at Daiwa Capital Markets from an “outperform” rating to a “neutral” rating. They now have a $34.00 price target on the stock, down previously from $110.00.
  • 5/11/2022 – Unity Software had its price target lowered by analysts at Wedbush from $125.00 to $70.00.
  • 5/11/2022 – Unity Software had its price target lowered by analysts at Stifel Nicolaus from $150.00 to $100.00.
  • 5/11/2022 – Unity Software had its price target lowered by analysts at Credit Suisse Group AG from $160.00 to $137.00.
  • 4/14/2022 – Unity Software had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $154.00 to $137.00. They now have a “buy” rating on the stock.
  • 4/7/2022 – Unity Software is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $125.00 price target on the stock.
  • 3/28/2022 – Unity Software is now covered by analysts at Daiwa Capital Markets. They set an “outperform” rating and a $110.00 price target on the stock.
  • 3/21/2022 – Unity Software had its price target lowered by analysts at Stifel Nicolaus from $160.00 to $150.00. They now have a “buy” rating on the stock.

U stock opened at $30.30 on Thursday. The company has a fifty day moving average price of $84.97 and a 200-day moving average price of $118.07. The company has a market capitalization of $8.97 billion, a P/E ratio of -16.03 and a beta of 2.64. Unity Software Inc. has a 52-week low of $29.30 and a 52-week high of $210.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 3.44 and a current ratio of 3.44.

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

In other Unity Software news, SVP Marc Whitten sold 3,433 shares of Unity Software stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $65.54, for a total value of $224,998.82. Following the completion of the sale, the senior vice president now directly owns 270,798 shares of the company’s stock, valued at $17,748,100.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David Helgason sold 83,333 shares of Unity Software 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 disclosure for this sale can be found here. Insiders have sold 99,824 shares of company stock valued at $10,026,399 in the last three months. 19.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Rehmann Capital Advisory Group acquired a new position in shares of Unity Software during the third quarter valued at about $666,000. Northern Oak Wealth Management Inc. acquired a new position in shares of Unity Software during the fourth quarter valued at about $25,000. Rockbridge Investment Management LCC acquired a new position in shares of Unity Software during the fourth quarter valued at about $26,000. Liberty Wealth Management LLC grew its holdings in shares of 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 buying an additional 162 shares during the last quarter. Finally, San Luis Wealth Advisors LLC acquired a new position in shares of Unity Software during the first quarter valued at about $31,000. 75.48% of the stock is owned by hedge funds and other institutional investors.

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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