Unity Software (NYSE:U) Research Coverage Started at Wells Fargo & Company

Investment analysts at Wells Fargo & Company assumed coverage on shares of Unity Software (NYSE:U) in a note issued to investors on Monday, Marketbeat Ratings reports. The firm set an “equal weight” rating and a $20.00 price target on the stock. Wells Fargo & Company‘s price target would indicate a potential downside of 3.50% from the company’s previous close.

U has been the topic of several other reports. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Wedbush boosted their price objective on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Stifel Nicolaus boosted their price objective on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a report on Friday, September 13th. Morgan Stanley upgraded Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a report on Tuesday, September 3rd. Finally, Needham & Company LLC decreased their price objective on Unity Software from $31.00 to $23.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Unity Software has an average rating of “Hold” and a consensus target price of $23.35.

Unity Software Price Performance

Unity Software stock opened at $20.73 on Monday. The stock’s 50 day moving average is $19.79 and its 200 day moving average is $19.05. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36. The firm has a market cap of $8.22 billion, a P/E ratio of -10.11 and a beta of 2.28. Unity Software has a one year low of $13.90 and a one year high of $43.54.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.12. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The company had revenue of $449.30 million for the quarter, compared to analyst estimates of $438.37 million. During the same period in the previous year, the firm earned ($0.26) earnings per share. The firm’s quarterly revenue was down 15.8% on a year-over-year basis. As a group, research analysts expect that Unity Software will post -1.86 EPS for the current year.

Insiders Place Their Bets

In other news, Director David Helgason sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the transaction, the director now owns 8,201,851 shares in the company, valued at $168,876,112.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director David Helgason sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the transaction, the director now owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Felix The sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the transaction, the senior vice president now directly owns 423,679 shares of the company’s stock, valued at approximately $7,579,617.31. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 281,600 shares of company stock worth $5,714,000. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Unity Software

A number of institutional investors and hedge funds have recently modified their holdings of U. Tradewinds Capital Management LLC grew its holdings in shares of Unity Software by 245.6% in the first 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 period. GAMMA Investing LLC grew its holdings in shares of Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 949 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings 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 acquiring an additional 1,389 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Unity Software by 31.6% in the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock worth $62,000 after acquiring an additional 562 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in Unity Software during the first quarter valued at $65,000. 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.