Unity Software (NYSE:U) Given Neutral Rating at The Goldman Sachs Group

The Goldman Sachs Group restated their neutral rating on shares of Unity Software (NYSE:UGet Rating) in a research report sent to investors on Tuesday, The Fly reports. The firm currently has a $36.00 price target on the stock.

A number of other research firms have also weighed in on U. Bank of America assumed coverage on Unity Software in a report on Friday, September 30th. They set a neutral rating and a $40.00 target price for the company. Stifel Nicolaus increased their price objective on Unity Software to $60.00 in a report on Tuesday, August 9th. Credit Suisse Group decreased their price objective on Unity Software from $85.00 to $71.00 and set an outperform rating for the company in a report on Thursday, November 10th. Piper Sandler decreased their price objective on Unity Software from $38.00 to $33.00 and set an overweight rating for the company in a report on Thursday, November 10th. Finally, Needham & Company LLC assumed coverage on Unity Software in a report on Friday, October 7th. They set a buy rating and a $50.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $51.24.

Unity Software Stock Performance

Unity Software stock opened at $36.04 on Tuesday. The business has a fifty day moving average of $32.16 and a two-hundred day moving average of $39.23. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.41 and a current ratio of 3.41. Unity Software has a twelve month low of $21.22 and a twelve month high of $210.00.

Insiders Place Their Bets

In other Unity Software news, CMO Carol W. Carpenter sold 797 shares of the stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $36.67, for a total transaction of $29,225.99. Following the sale, the chief marketing officer now directly owns 219,600 shares of the company’s stock, valued at approximately $8,052,732. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Luis Felipe Visoso sold 9,894 shares of the stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $45.94, for a total transaction of $454,530.36. Following the sale, the chief financial officer now directly owns 314,251 shares of the company’s stock, valued at approximately $14,436,690.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Carol W. Carpenter sold 797 shares of the stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $36.67, for a total transaction of $29,225.99. Following the sale, the chief marketing officer now directly owns 219,600 shares in the company, valued at $8,052,732. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,367 shares of company stock valued at $1,209,632. Company insiders own 6.90% of the company’s stock.

Institutional Investors Weigh In On Unity Software

Several hedge funds have recently modified their holdings of the company. Nomura Holdings Inc. boosted its stake in shares of Unity Software by 1,746.0% during the 3rd quarter. Nomura Holdings Inc. now owns 739,024 shares of the company’s stock worth $23,558,000 after acquiring an additional 698,990 shares in the last quarter. State Street Corp lifted its stake in Unity Software by 5.9% in the 3rd quarter. State Street Corp now owns 4,195,258 shares of the company’s stock valued at $133,661,000 after buying an additional 235,447 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Unity Software by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 104,541 shares of the company’s stock valued at $3,331,000 after buying an additional 824 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Unity Software by 6.3% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 21,614 shares of the company’s stock valued at $689,000 after buying an additional 1,281 shares in the last quarter. Finally, TIG Advisors LLC purchased a new position in Unity Software in the 3rd quarter valued at about $4,914,000. 77.37% of the stock is owned by hedge funds and other institutional investors.

Unity Software Company Profile

(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.

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