Unity Software (NYSE:U) Price Target Lowered to $28.00 at Stifel Nicolaus

Unity Software (NYSE:U) had its target price cut by Stifel Nicolaus from $40.00 to $28.00 in a report released on Friday, Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages also recently issued reports on U. Wedbush reiterated an outperform rating and set a $55.00 price objective on shares of Unity Software in a research report on Friday, October 6th. The Goldman Sachs Group boosted their price objective on Unity Software from $40.00 to $45.00 and gave the stock a neutral rating in a research report on Thursday, August 3rd. Needham & Company LLC boosted their price objective on Unity Software from $44.00 to $50.00 and gave the stock a buy rating in a research report on Thursday, August 3rd. UBS Group began coverage on Unity Software in a research report on Thursday, September 28th. They set a neutral rating and a $38.00 price objective for the company. Finally, Barclays boosted their price objective on Unity Software from $40.00 to $42.00 and gave the stock an equal weight rating in a research report on Thursday, August 3rd. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Unity Software presently has an average rating of Hold and an average price target of $37.44.

Unity Software Stock Up 7.0 %

Shares of Unity Software stock opened at $27.01 on Friday. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.78. The firm has a market cap of $10.36 billion, a P/E ratio of -11.64 and a beta of 2.45. Unity Software has a fifty-two week low of $22.20 and a fifty-two week high of $50.08. The business has a 50-day moving average price of $30.42 and a 200 day moving average price of $34.40.

Insider Activity

In other Unity Software news, CEO John S. Riccitiello sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the sale, the chief executive officer now directly owns 3,211,394 shares of the company’s stock, valued at approximately $128,455,760. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Unity Software news, Director David Helgason sold 643,365 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $25.17, for a total transaction of $16,193,497.05. Following the sale, the director now directly owns 8,451,851 shares of the company’s stock, valued at approximately $212,733,089.67. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John S. Riccitiello sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the sale, the chief executive officer now directly owns 3,211,394 shares in the company, valued at $128,455,760. The disclosure for this sale can be found here. In the last 90 days, insiders sold 965,003 shares of company stock worth $28,055,237. Insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On Unity Software

Hedge funds have recently modified their holdings of the stock. Front Row Advisors LLC increased its stake in shares of Unity Software by 15,550.0% in the second quarter. Front Row Advisors LLC now owns 626 shares of the company’s stock worth $27,000 after acquiring an additional 622 shares during the last quarter. Huntington National Bank increased its stake in shares of Unity Software by 665.0% in the third quarter. Huntington National Bank now owns 895 shares of the company’s stock worth $28,000 after acquiring an additional 778 shares during the last quarter. Meitav Investment House Ltd. acquired a new position in shares of Unity Software in the second quarter worth $30,000. Bessemer Group Inc. acquired a new position in shares of Unity Software in the first quarter worth $33,000. Finally, Impact Partnership Wealth LLC increased its stake in shares of Unity Software by 1,151.0% in the third quarter. Impact Partnership Wealth LLC now owns 1,251 shares of the company’s stock worth $39,000 after acquiring an additional 1,151 shares during the last quarter. 64.74% of the stock is owned by institutional investors and hedge funds.

Unity Software Company Profile

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.