Unity Software (NYSE:U) Price Target Cut to $16.00 by Analysts at Benchmark

Unity Software (NYSE:UGet Rating) had its price objective decreased by Benchmark to $16.00 in a research note published on Tuesday, Stock Target Advisor reports.

Several other research firms have also issued reports on U. Barclays lowered their price target on shares of Unity Software from $33.00 to $22.00 in a report on Thursday, November 10th. BTIG Research lowered their price objective on shares of Unity Software from $68.00 to $44.00 and set a buy rating for the company in a research note on Wednesday, October 26th. Needham & Company LLC began coverage on shares of Unity Software in a research note on Friday, October 7th. They issued a buy rating and a $50.00 price objective for the company. Oppenheimer lowered their price objective on shares of Unity Software from $60.00 to $28.00 in a research note on Thursday, November 10th. Finally, Citigroup lowered their price objective on shares of Unity Software from $68.00 to $61.00 in a research note on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Unity Software has a consensus rating of Hold and a consensus price target of $51.24.

Unity Software Stock Performance

Unity Software stock opened at $36.04 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.41 and a current ratio of 3.41. Unity Software has a 52-week low of $21.22 and a 52-week high of $210.00. The firm has a 50 day moving average price of $32.16 and a two-hundred day moving average price of $39.23.

Insiders Place Their Bets

In other Unity Software news, SVP Marc Whitten sold 6,546 shares of Unity Software stock in a transaction on Friday, August 26th. The shares were sold at an average price of $45.93, for a total transaction of $300,657.78. Following the transaction, the senior vice president now directly owns 252,744 shares of the company’s stock, valued at approximately $11,608,531.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CMO Carol W. Carpenter sold 797 shares of Unity Software stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $36.67, for a total transaction of $29,225.99. Following the sale, the chief marketing officer now directly owns 219,600 shares in the company, valued at approximately $8,052,732. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marc Whitten sold 6,546 shares of Unity Software stock in a transaction on Friday, August 26th. The stock was sold at an average price of $45.93, for a total value of $300,657.78. Following the sale, the senior vice president now owns 252,744 shares in the company, valued at $11,608,531.92. The disclosure for this sale can be found here. Insiders have sold 26,367 shares of company stock valued at $1,209,632 in the last three months. 6.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Unity Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tcwp LLC bought a new stake in Unity Software in the 1st quarter valued at about $26,000. Capital Advisory Group Advisory Services LLC bought a new stake in Unity Software in the 1st quarter valued at about $28,000. San Luis Wealth Advisors LLC bought a new stake in shares of Unity Software during the first quarter valued at about $31,000. FourThought Financial LLC bought a new stake in shares of Unity Software during the first quarter valued at about $32,000. Finally, Ronald Blue Trust Inc. increased its position in shares of Unity Software by 85.2% during the third quarter. Ronald Blue Trust Inc. now owns 985 shares of the company’s stock valued at $36,000 after buying an additional 453 shares during the period. 77.37% 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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