Unity Software (NYSE:U) Price Target Raised to $37.00 at Wells Fargo & Company

Unity Software (NYSE:UFree Report) had its target price upped by Wells Fargo & Company from $29.00 to $37.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also recently issued reports on U. Citigroup lifted their price objective on Unity Software from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. HSBC cut Unity Software from a “buy” rating to a “hold” rating and upped their price objective for the stock from $37.50 to $40.80 in a research report on Tuesday, September 30th. Barclays upped their price objective on Unity Software from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Wedbush upped their price objective on Unity Software from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, JMP Securities upped their price objective on Unity Software from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Unity Software presently has a consensus rating of “Hold” and a consensus price target of $32.65.

Read Our Latest Report on U

Unity Software Stock Performance

Shares of U opened at $36.39 on Tuesday. The stock has a 50-day simple moving average of $39.61 and a 200-day simple moving average of $29.32. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.73 and a current ratio of 2.73. The stock has a market capitalization of $15.38 billion, a PE ratio of -34.33 and a beta of 2.32. Unity Software has a 1 year low of $15.33 and a 1 year high of $46.94.

Unity Software (NYSE:UGet Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The company had revenue of $440.94 million during the quarter, compared to analysts’ expectations of $425.18 million. Unity Software had a negative net margin of 24.38% and a negative return on equity of 13.59%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.32) EPS. On average, analysts predict that Unity Software will post -1.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $39.83, for a total value of $9,957,500.00. Following the completion of the sale, the director directly owned 1,548,146 shares of the company’s stock, valued at approximately $61,662,655.18. The trade was a 13.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark Barrysmith sold 645 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $46.52, for a total value of $30,005.40. Following the completion of the sale, the chief accounting officer directly owned 453,788 shares of the company’s stock, valued at $21,110,217.76. The trade was a 0.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,284,426 shares of company stock worth $96,630,284. Corporate insiders own 3.61% of the company’s stock.

Institutional Trading of Unity Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in Unity Software by 10.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,967 shares of the company’s stock valued at $119,000 after acquiring an additional 288 shares during the last quarter. Allworth Financial LP raised its stake in shares of Unity Software by 28.4% during the 2nd quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock worth $45,000 after buying an additional 412 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Unity Software by 4.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 10,766 shares of the company’s stock worth $261,000 after buying an additional 454 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Unity Software by 2.1% during the 2nd quarter. Captrust Financial Advisors now owns 22,330 shares of the company’s stock worth $540,000 after buying an additional 462 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. raised its stake in shares of Unity Software by 11.1% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 5,116 shares of the company’s stock worth $124,000 after buying an additional 510 shares in the last quarter. 73.46% of the stock is owned by hedge funds and other 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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