Unity Software (NYSE:U) Given New $50.00 Price Target at Stifel Nicolaus

Unity Software (NYSE:UGet Rating) had its target price reduced by equities research analysts at Stifel Nicolaus from $60.00 to $50.00 in a research report issued to clients and investors on Tuesday, The Fly reports. Stifel Nicolaus’ price objective points to a potential upside of 10.96% from the company’s current price.

Several other research firms have also issued reports on U. Citigroup dropped their target price on Unity Software from $71.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, July 7th. Piper Sandler lowered Unity Software from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $55.00 to $34.00 in a research note on Wednesday, July 13th. Daiwa Capital Markets downgraded Unity Software from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $110.00 to $34.00 in a research report on Wednesday, May 11th. Robert W. Baird downgraded Unity Software from an “outperform” rating to a “neutral” rating in a research report on Wednesday, July 13th. Finally, Wedbush reduced their price target on Unity Software from $125.00 to $70.00 in a research report on Wednesday, May 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Unity Software currently has a consensus rating of “Moderate Buy” and an average price target of $88.47.

Unity Software Stock Performance

Shares of Unity Software stock opened at $45.06 on Tuesday. The firm has a market cap of $13.34 billion, a price-to-earnings ratio of -21.46 and a beta of 2.13. The stock’s 50-day moving average is $39.14 and its 200-day moving average is $70.12. Unity Software has a one year low of $29.09 and a one year high of $210.00. 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 (NYSE:UGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.04). The firm had revenue of $320.13 million during the quarter, compared to the consensus estimate of $321.17 million. Unity Software had a negative net margin of 50.40% and a negative return on equity of 20.50%. The business’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.38) earnings per share. Equities analysts predict that Unity Software will post -1.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Unity Software

In other Unity Software news, Director David Helgason sold 2,407 shares of Unity Software stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $46.29, for a total transaction of $111,420.03. Following the transaction, the director now owns 5,322 shares of the company’s stock, valued at approximately $246,355.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Marc Whitten sold 5,487 shares of Unity Software stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $41.01, for a total value of $225,021.87. Following the sale, the senior vice president now owns 259,290 shares of the company’s stock, valued at approximately $10,633,482.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Helgason sold 2,407 shares of Unity Software stock in a transaction that occurred on 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 in the company, valued at approximately $246,355.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,905 shares of company stock worth $2,169,306. Insiders own 6.90% of the company’s stock.

Institutional Investors Weigh In On Unity Software

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Oak Wealth Management Inc. bought a new stake in Unity Software in the fourth quarter worth $25,000. Rockbridge Investment Management LCC bought a new position in shares of Unity Software during the fourth quarter valued at about $26,000. Tcwp LLC bought a new position in shares of Unity Software during the first quarter valued at about $26,000. Capital Advisory Group Advisory Services LLC bought a new position in shares of Unity Software during the first quarter valued at about $28,000. Finally, San Luis Wealth Advisors LLC bought a new position in Unity Software in the first quarter worth about $31,000. Institutional investors own 75.48% of the company’s stock.

About Unity Software

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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.

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