Barclays Lowers Unity Software (NYSE:U) Price Target to $25.00

Unity Software (NYSE:U) had its price objective cut by Barclays from $26.00 to $25.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 21.54% from the company’s previous close.

A number of other analysts also recently issued reports on U. Hsbc Global Res raised Unity Software to a “strong-buy” rating in a research report on Friday, February 21st. Needham & Company LLC dropped their price objective on Unity Software from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Citigroup raised shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company dropped their target price on shares of Unity Software from $22.00 to $19.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Unity Software has a consensus rating of “Hold” and an average price target of $24.21.

Unity Software Stock Down 0.4 %

Shares of Unity Software stock opened at $20.57 on Thursday. The firm has a market cap of $8.55 billion, a PE ratio of -12.24 and a beta of 2.29. The business’s 50 day simple moving average is $20.64 and its 200 day simple moving average is $21.98. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software has a 52-week low of $13.90 and a 52-week high of $30.88.

Unity Software (NYSE:U) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.19. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The company had revenue of $435.00 million for the quarter, compared to the consensus estimate of $415.77 million. During the same period last year, the company earned $0.28 earnings per share. The firm’s revenue was down 5.5% compared to the same quarter last year. On average, analysts predict that Unity Software will post -1.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Unity Software

In related news, Director Tomer Bar-Zeev sold 236,337 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the sale, the director now owns 3,161,809 shares of the company’s stock, valued at $75,630,471.28. This trade represents a 6.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Mark Barrysmith sold 1,395 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total value of $30,243.60. Following the completion of the transaction, the chief accounting officer now directly owns 450,881 shares of the company’s stock, valued at approximately $9,775,100.08. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 782,231 shares of company stock valued at $18,033,528. 6.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Unity Software

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC raised its position in Unity Software by 30,300.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after purchasing an additional 1,212 shares during the last quarter. Anderson Financial Strategies LLC bought a new position in shares of Unity Software during the fourth quarter worth about $28,000. R Squared Ltd acquired a new position in shares of Unity Software in the fourth quarter worth approximately $30,000. Principal Securities Inc. boosted its holdings in Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after acquiring an additional 477 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Unity Software during the 4th quarter valued at approximately $36,000. 73.46% of the stock is currently owned by institutional investors.

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.