Unity Software (NYSE:U) Upgraded at Citigroup

Citigroup upgraded shares of Unity Software (NYSE:U) from a neutral rating to a buy rating in a report issued on Tuesday, MarketBeat.com reports. The firm currently has $30.00 price target on the stock.

A number of other analysts have also recently commented on U. Benchmark raised shares of Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Jefferies Financial Group boosted their price objective on Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. Morgan Stanley boosted their price objective on Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Wells Fargo & Company dropped their price target on Unity Software from $27.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Wedbush reiterated an “outperform” rating and set a $27.00 price target on shares of Unity Software in a research report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.61.

Unity Software Stock Down 2.4 %

Unity Software stock opened at $20.99 on Tuesday. The stock has a market capitalization of $8.60 billion, a PE ratio of -12.49 and a beta of 2.27. Unity Software has a 12 month low of $13.90 and a 12 month high of $30.88. The business has a 50 day simple moving average of $22.90 and a 200-day simple moving average of $21.88. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

Unity Software (NYSE:U) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.05. The company had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. On average, analysts anticipate that Unity Software will post -1.25 EPS for the current fiscal year.

Insider Activity at Unity Software

In related news, CFO Mark Barrysmith sold 1,228 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $24.44, for a total value of $30,012.32. Following the completion of the transaction, the chief financial officer now directly owns 453,638 shares in the company, valued at approximately $11,086,912.72. This represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tomer Bar-Zeev sold 166,667 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total value of $3,498,340.33. Following the transaction, the director now owns 3,481,479 shares of the company’s stock, valued at approximately $73,076,244.21. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 864,537 shares of company stock valued at $20,839,722. 6.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. US Bancorp DE boosted its position in shares of Unity Software by 159.7% during the third quarter. US Bancorp DE now owns 13,257 shares of the company’s stock worth $300,000 after buying an additional 8,152 shares during the period. Covestor Ltd boosted its holdings in Unity Software by 678.8% during the 3rd quarter. Covestor Ltd now owns 4,143 shares of the company’s stock valued at $94,000 after acquiring an additional 3,611 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in Unity Software by 6.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 111,940 shares of the company’s stock valued at $2,532,000 after acquiring an additional 6,689 shares during the period. Venturi Wealth Management LLC boosted its holdings in Unity Software by 28.7% during the 3rd 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 during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Unity Software in the third quarter valued at approximately $380,000. 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.