Unity Software (NYSE:U) Given New $15.00 Price Target at Macquarie

Unity Software (NYSE:U) had its price objective lifted by Macquarie from $12.00 to $15.00 in a report published on Tuesday, Benzinga reports. Macquarie currently has an underperform rating on the stock.

U has been the topic of several other reports. Piper Sandler restated a neutral rating and set a $17.00 price target (down from $25.00) on shares of Unity Software in a report on Friday, August 9th. Needham & Company LLC reduced their target price on Unity Software from $31.00 to $23.00 and set a buy rating for the company in a report on Friday, August 9th. JMP Securities reiterated a market perform rating on shares of Unity Software in a report on Friday, September 13th. The Goldman Sachs Group reduced their price objective on Unity Software from $26.00 to $22.50 and set a neutral rating for the company in a research note on Friday, August 9th. Finally, Wedbush lifted their target price on Unity Software from $21.00 to $27.00 and gave the stock an outperform rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $27.46.

Unity Software Stock Performance

Shares of Unity Software stock opened at $20.28 on Tuesday. Unity Software has a 52 week low of $13.90 and a 52 week high of $43.54. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average price of $16.72 and a 200-day moving average price of $20.14. The company has a market cap of $8.05 billion, a PE ratio of -9.05 and a beta of 2.25.

Unity Software (NYSE:U) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.12. The business had revenue of $449.30 million during the quarter, compared to analyst estimates of $438.37 million. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. Unity Software’s quarterly revenue was down 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.26) EPS. Equities analysts anticipate that Unity Software will post -1.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Anirma Gupta sold 1,506 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $16.73, for a total value of $25,195.38. Following the completion of the transaction, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at approximately $6,851,604.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Anirma Gupta sold 1,506 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $16.73, for a total transaction of $25,195.38. Following the sale, the senior vice president now owns 409,540 shares of the company’s stock, valued at approximately $6,851,604.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Felix The sold 30,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the transaction, the senior vice president now owns 423,679 shares of the company’s stock, valued at approximately $7,579,617.31. The disclosure for this sale can be found here. Insiders sold 285,472 shares of company stock worth $5,778,479 over the last quarter. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Unity Software

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tradewinds Capital Management LLC increased its stake in Unity Software by 245.6% in the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after acquiring an additional 700 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Unity Software by 2,429.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock worth $28,000 after purchasing an additional 996 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after purchasing an additional 1,389 shares during the last quarter. Principal Securities Inc. purchased a new stake in Unity Software in the fourth quarter valued at approximately $37,000. Finally, Tidemark LLC bought a new stake in Unity Software during the fourth quarter valued at approximately $39,000. 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.