Unity Software (NYSE:U) Upgraded at Arete Research

Arete Research upgraded shares of Unity Software (NYSE:U) to a hold rating in a report released on Thursday morning,Zacks.com reports.

A number of other equities analysts have also recently issued reports on U. Wall Street Zen raised shares of Unity Software from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. HSBC cut shares of Unity Software from a “buy” rating to a “hold” rating and increased their price objective for the stock from $37.50 to $40.80 in a research report on Tuesday, September 30th. UBS Group upped their target price on shares of Unity Software from $22.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Barclays upped their target price on shares of Unity Software from $25.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, August 7th. Finally, Wedbush upped their target price on shares of Unity Software from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $33.16.

Unity Software Price Performance

U stock opened at $35.15 on Thursday. The stock has a market capitalization of $14.85 billion, a PE ratio of -33.16 and a beta of 2.32. The company’s 50-day moving average is $40.17 and its 200-day moving average is $30.17. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.73 and a quick ratio of 2.73. Unity Software has a 1 year low of $15.33 and a 1 year high of $46.94.

Unity Software (NYSE:U) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). The company had revenue of $440.94 million for the quarter, compared to the consensus estimate of $425.18 million. Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.Unity Software’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the company earned ($0.32) EPS. Equities research analysts expect that Unity Software will post -1.25 EPS for the current fiscal year.

Insider Transactions at Unity Software

In other Unity Software news, COO Alexander Blum sold 63,813 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $39.41, for a total value of $2,514,870.33. Following the completion of the sale, the chief operating officer owned 603,811 shares in the company, valued at approximately $23,796,191.51. This trade represents a 9.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Anirma Gupta sold 2,734 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $37.85, for a total transaction of $103,481.90. Following the completion of the sale, the senior vice president owned 175,510 shares of the company’s stock, valued at approximately $6,643,053.50. This trade represents a 1.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,236,951 shares of company stock worth $95,081,659. Company insiders own 3.61% of the company’s stock.

Institutional Investors Weigh In On Unity Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ethic Inc. increased its stake in Unity Software by 7.4% in the 3rd quarter. Ethic Inc. now owns 12,632 shares of the company’s stock valued at $506,000 after buying an additional 867 shares during the last quarter. CWM LLC increased its stake in Unity Software by 9.4% in the 3rd quarter. CWM LLC now owns 13,663 shares of the company’s stock valued at $547,000 after buying an additional 1,178 shares during the last quarter. Pacer Advisors Inc. increased its stake in Unity Software by 90.4% in the 3rd quarter. Pacer Advisors Inc. now owns 1,934 shares of the company’s stock valued at $77,000 after buying an additional 918 shares during the last quarter. Plancorp LLC purchased a new stake in Unity Software in the 3rd quarter valued at about $315,000. Finally, Revisor Wealth Management LLC purchased a new stake in Unity Software in the 3rd quarter valued at about $235,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

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.