Macquarie Downgrades Unity Software (NYSE:U) to Underperform

Unity Software (NYSE:UGet Free Report) was downgraded by research analysts at Macquarie from a “neutral” rating to an “underperform” rating in a research note issued on Monday, MarketBeat Ratings reports.

Other analysts have also recently issued research reports about the company. Needham & Company LLC dropped their target price on Unity Software from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, November 10th. Wolfe Research lowered Unity Software from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 13th. Wedbush lowered their price target on Unity Software from $55.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 10th. The Goldman Sachs Group upped their price objective on shares of Unity Software from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Finally, Piper Sandler reiterated an “underweight” rating and issued a $35.00 target price (up from $20.00) on shares of Unity Software in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $38.88.

Check Out Our Latest Analysis on Unity Software

Unity Software Price Performance

Unity Software stock opened at $33.82 on Monday. The firm has a 50-day moving average of $35.61 and a two-hundred day moving average of $33.55. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.35 and a quick ratio of 2.35. Unity Software has a 1 year low of $22.20 and a 1 year high of $50.08. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of -14.58 and a beta of 2.52.

Unity Software (NYSE:UGet Free Report) last posted its quarterly earnings results on Thursday, November 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.10. Unity Software had a negative return on equity of 13.50% and a negative net margin of 42.31%. The business had revenue of $544.21 million for the quarter, compared to the consensus estimate of $550.48 million. On average, research analysts forecast that Unity Software will post -0.67 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Tomer Bar-Zeev sold 150,000 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $40.92, for a total value of $6,138,000.00. Following the completion of the transaction, the insider now directly owns 1,200,332 shares of the company’s stock, valued at approximately $49,117,585.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Unity Software news, insider Tomer Bar-Zeev sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $40.92, for a total value of $6,138,000.00. Following the transaction, the insider now directly owns 1,200,332 shares of the company’s stock, valued at approximately $49,117,585.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Luis Felipe Visoso sold 16,876 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $28.18, for a total value of $475,565.68. Following the completion of the sale, the chief financial officer now owns 1,120,756 shares of the company’s stock, valued at $31,582,904.08. The disclosure for this sale can be found here. In the last three months, insiders sold 393,732 shares of company stock worth $13,989,706. Corporate insiders own 9.00% of the company’s stock.

Institutional Trading of Unity Software

A number of hedge funds and other institutional investors have recently made changes to their positions in U. Harvest Fund Management Co. Ltd acquired a new position in Unity Software in the fourth quarter valued at about $27,000. Front Row Advisors LLC lifted its holdings in shares of Unity Software by 15,550.0% in the 2nd quarter. Front Row Advisors LLC now owns 626 shares of the company’s stock worth $27,000 after acquiring an additional 622 shares during the last quarter. Huntington National Bank boosted its position in shares of Unity Software by 665.0% during the 3rd quarter. Huntington National Bank now owns 895 shares of the company’s stock worth $28,000 after purchasing an additional 778 shares during the period. GAMMA Investing LLC purchased a new stake in Unity Software in the fourth quarter valued at approximately $28,000. Finally, Meitav Investment House Ltd. purchased a new position in shares of Unity Software during the second quarter worth $30,000. Institutional investors and hedge funds own 64.74% of the company’s stock.

Unity Software Company Profile

(Get Free Report)

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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