Wall Street Zen Downgrades Unity Software (NYSE:U) to Hold

Unity Software (NYSE:U) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts also recently issued reports on U. Citigroup cut their price objective on shares of Unity Software from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Arete Research upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Monday, December 1st. UBS Group lowered their price objective on shares of Unity Software from $46.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, February 10th. Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Unity Software in a report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Unity Software in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Unity Software has a consensus rating of “Moderate Buy” and an average target price of $39.52.

Unity Software Stock Performance

Shares of U opened at $18.23 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.52. The firm has a market cap of $7.89 billion, a PE ratio of -18.98, a P/E/G ratio of 9.92 and a beta of 2.04. Unity Software has a 12 month low of $15.33 and a 12 month high of $52.15. The stock has a fifty day moving average price of $37.16 and a 200-day moving average price of $39.08.

Unity Software (NYSE:U) last announced its earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The company had revenue of $503.09 million for the quarter, compared to analyst estimates of $490.64 million. During the same period in the prior year, the company posted ($0.30) EPS. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities research analysts predict that Unity Software will post -1.25 earnings per share for the current fiscal year.

Insider Activity at Unity Software

In other news, Director David Helgason sold 8,347 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $49.16, for a total transaction of $410,338.52. Following the completion of the sale, the director owned 7,635 shares in the company, valued at approximately $375,336.60. The trade was a 52.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tomer Bar-Zeev sold 50,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $47.00, for a total transaction of $2,350,000.00. Following the completion of the transaction, the director directly owned 873,146 shares in the company, valued at $41,037,862. This trade represents a 5.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,337,204 shares of company stock valued at $63,108,672 in the last quarter. Company insiders own 3.61% of the company’s stock.

Institutional Investors Weigh In On Unity Software

Several large investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Unity Software by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company’s stock worth $15,930,000 after buying an additional 45,481 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Unity Software in the 1st quarter valued at about $260,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Unity Software in the second quarter valued at about $593,000. Stephens Inc. AR purchased a new stake in Unity Software during the second quarter worth about $275,000. Finally, Ethic Inc. acquired a new position in Unity Software during the second quarter worth about $286,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Company Profile

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.