Unity Software (NYSE:U) Price Target Raised to $15.00

Unity Software (NYSE:U) had its price objective boosted by Benchmark from $10.00 to $15.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a sell rating on the stock.

A number of other research firms have also issued reports on U. Macquarie raised their price target on Unity Software from $12.00 to $15.00 and gave the stock an “underperform” rating in a report on Tuesday, September 17th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Piper Sandler reissued a “neutral” rating and set a $17.00 price target (down previously from $25.00) on shares of Unity Software in a report on Friday, August 9th. Finally, Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a report on Tuesday, September 3rd. 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $23.35.

Unity Software Stock Down 1.5 %

U opened at $20.19 on Friday. The business’s 50-day simple moving average is $20.49 and its 200-day simple moving average is $18.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.36. Unity Software has a one year low of $13.90 and a one year high of $43.54. The stock has a market capitalization of $8.01 billion, a P/E ratio of -9.90 and a beta of 2.29.

Insider Transactions at Unity Software

In other news, Director David Helgason sold 250,000 shares of the business’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 sale, the director now owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director David Helgason sold 250,000 shares of the stock in a transaction 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 sale, the director now directly owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Felix The sold 30,000 shares of the stock in a transaction 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 completion of the sale, the senior vice president now owns 423,679 shares of the company’s stock, valued at approximately $7,579,617.31. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 281,600 shares of company stock valued at $5,714,000 in the last quarter. 6.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Unity Software

Several large investors have recently added to or reduced their stakes in U. Farther Finance Advisors LLC grew its stake in shares of Unity Software by 4.0% during the third quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock valued at $315,000 after acquiring an additional 538 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock valued at $62,000 after acquiring an additional 562 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Unity Software by 28.7% during the third quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock valued at $89,000 after acquiring an additional 876 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after acquiring an additional 949 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Unity Software by 8.2% during the second quarter. Intech Investment Management LLC now owns 13,270 shares of the company’s stock valued at $216,000 after acquiring an additional 1,010 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

About Unity Software

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.