Unity Software (NYSE:U) Price Target Cut to $50.00 by Analysts at Stifel Nicolaus

Unity Software (NYSE:UGet Rating) had its target price trimmed by Stifel Nicolaus from $60.00 to $50.00 in a research report released on Tuesday, The Fly reports.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group decreased their price target on Unity Software from $154.00 to $137.00 and set a buy rating for the company in a research note on Thursday, April 14th. Jefferies Financial Group decreased their target price on Unity Software from $40.00 to $36.00 in a research note on Thursday, June 16th. Benchmark initiated coverage on Unity Software in a research note on Wednesday, June 15th. They set a sell rating and a $27.00 target price for the company. BTIG Research decreased their target price on Unity Software from $110.00 to $72.00 and set a buy rating for the company in a research note on Wednesday, June 29th. Finally, Robert W. Baird cut Unity Software from an outperform rating to a neutral rating in a research note on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $88.47.

Unity Software Price Performance

Shares of U opened at $48.06 on Tuesday. The company has a market cap of $14.23 billion, a P/E ratio of -22.89 and a beta of 2.13. The stock has a fifty day moving average price of $39.41 and a 200 day moving average price of $69.16. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.53 and a quick ratio of 3.53. Unity Software has a 12 month low of $29.09 and a 12 month high of $210.00.

Unity Software (NYSE:UGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.04). Unity Software had a negative return on equity of 20.50% and a negative net margin of 50.40%. The business had revenue of $320.13 million during the quarter, compared to the consensus estimate of $321.17 million. During the same period in the previous year, the company posted ($0.38) EPS. The company’s revenue for the quarter was up 36.4% compared to the same quarter last year. On average, research analysts forecast that Unity Software will post -1.68 earnings per share for the current year.

Insider Buying and Selling

In other news, Director David Helgason sold 2,407 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $46.29, for a total transaction of $111,420.03. Following the completion of the sale, the director now directly owns 5,322 shares of the company’s stock, valued at approximately $246,355.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director David Helgason sold 2,407 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $46.29, for a total transaction of $111,420.03. Following the completion of the sale, the director now directly owns 5,322 shares of the company’s stock, valued at approximately $246,355.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Carol W. Carpenter sold 8,186 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $38.19, for a total value of $312,623.34. Following the sale, the chief marketing officer now directly owns 221,194 shares of the company’s stock, valued at $8,447,398.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,905 shares of company stock valued at $2,169,306. Corporate insiders own 6.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in U. Russell Investments Group Ltd. increased its holdings in shares of Unity Software by 30.8% during the 4th quarter. Russell Investments Group Ltd. now owns 7,819 shares of the company’s stock valued at $1,117,000 after acquiring an additional 1,840 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Unity Software by 52.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 58,269 shares of the company’s stock valued at $8,331,000 after buying an additional 19,975 shares during the last quarter. Yousif Capital Management LLC acquired a new stake in Unity Software in the 4th quarter valued at approximately $302,000. D.A. Davidson & CO. grew its holdings in Unity Software by 4.0% in the 4th quarter. D.A. Davidson & CO. now owns 15,802 shares of the company’s stock valued at $2,260,000 after buying an additional 612 shares during the last quarter. Finally, CWM LLC acquired a new stake in Unity Software in the 4th quarter valued at approximately $194,000. Institutional investors and hedge funds own 75.48% of the company’s stock.

About Unity Software

(Get Rating)

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.

Further Reading

The Fly logo

Analyst Recommendations for Unity Software (NYSE:U)

Receive News & Ratings for Unity Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unity Software and related companies with MarketBeat.com's FREE daily email newsletter.