Wells Fargo & Company Lowers Unity Software (NYSE:U) Price Target to $19.00

Unity Software (NYSE:U) had its price objective decreased by Wells Fargo & Company from $22.00 to $19.00 in a research report released on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other brokerages also recently weighed in on U. Citizens Jmp upgraded Unity Software from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Needham & Company LLC increased their price target on shares of Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Hsbc Global Res raised shares of Unity Software to a “strong-buy” rating in a research report on Friday, February 21st. Morgan Stanley increased their target price on shares of Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Barclays increased their price objective on Unity Software from $18.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.54.

Unity Software Trading Down 3.2 %

Shares of NYSE U opened at $16.69 on Tuesday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software has a 12 month low of $13.90 and a 12 month high of $30.88. The company has a market cap of $6.84 billion, a price-to-earnings ratio of -9.93 and a beta of 2.31. The business has a fifty day simple moving average of $21.90 and a 200-day simple moving average of $22.20.

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

Insider Buying and Selling at Unity Software

In other Unity Software news, SVP Anirma Gupta sold 31,948 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $25.23, for a total value of $806,048.04. Following the transaction, the senior vice president now owns 542,942 shares of the company’s stock, valued at approximately $13,698,426.66. This represents a 5.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tomer Bar-Zeev sold 236,337 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the transaction, the director now owns 3,161,809 shares of the company’s stock, valued at approximately $75,630,471.28. This represents a 6.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 781,903 shares of company stock valued at $17,934,432. 6.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its stake in Unity Software by 5.5% in the third quarter. The Manufacturers Life Insurance Company now owns 86,602 shares of the company’s stock valued at $1,959,000 after purchasing an additional 4,497 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Unity Software by 463.7% in the third quarter. Janus Henderson Group PLC now owns 119,000 shares of the company’s stock valued at $2,691,000 after purchasing an additional 97,889 shares during the last quarter. M&T Bank Corp lifted its holdings in Unity Software by 140.1% during the 3rd quarter. M&T Bank Corp now owns 28,581 shares of the company’s stock worth $646,000 after purchasing an additional 16,676 shares during the last quarter. Sender Co & Partners Inc. bought a new stake in Unity Software in the 3rd quarter valued at $386,000. Finally, Geode Capital Management LLC grew its holdings in Unity Software by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after buying an additional 413,474 shares in the last quarter. 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.