Unity Software (NYSE:U) Price Target Lowered to $20.00 at Stifel Nicolaus

Unity Software (NYSE:U) had its target price cut by Stifel Nicolaus from $25.00 to $20.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

U has been the topic of a number of other reports. Macquarie decreased their price objective on Unity Software from $20.00 to $14.00 and set an underperform rating on the stock in a research note on Thursday, June 27th. JMP Securities reiterated a market perform rating on shares of Unity Software in a research note on Friday, May 10th. Barclays decreased their price objective on Unity Software from $28.00 to $27.00 and set an equal weight rating on the stock in a research note on Friday, May 10th. Wedbush reiterated an outperform rating and set a $33.50 price objective on shares of Unity Software in a research note on Monday, July 29th. Finally, Benchmark reiterated a sell rating and set a $16.00 price objective on shares of Unity Software in a research note on Friday, May 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $26.46.

Unity Software Stock Performance

Shares of U traded up $1.18 during mid-day trading on Friday, hitting $15.54. The stock had a trading volume of 35,526,561 shares, compared to its average volume of 9,780,860. The firm has a market cap of $6.07 billion, a P/E ratio of -6.94 and a beta of 2.25. The business has a fifty day moving average price of $16.33 and a 200-day moving average price of $23.12. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.15 and a quick ratio of 2.15. Unity Software has a 52 week low of $13.90 and a 52 week high of $43.54.

Unity Software (NYSE:U) last issued its earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.12. The firm had revenue of $449.30 million for the quarter, compared to analyst estimates of $438.37 million. Unity Software had a negative return on equity of 7.73% and a negative net margin of 40.11%. The business’s revenue was down 15.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.26) earnings per share. On average, equities research analysts expect that Unity Software will post -1.81 EPS for the current year.

Insider Buying and Selling

In other news, insider Marc Whitten sold 86,768 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $20.60, for a total value of $1,787,420.80. Following the completion of the transaction, the insider now directly owns 2,483 shares in the company, valued at approximately $51,149.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Marc Whitten sold 86,768 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $20.60, for a total value of $1,787,420.80. Following the completion of the transaction, the insider now directly owns 2,483 shares in the company, valued at approximately $51,149.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Anirma Gupta sold 1,506 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $16.73, for a total value of $25,195.38. Following the completion of the transaction, the senior vice president now owns 409,540 shares of the company’s stock, valued at $6,851,604.20. The disclosure for this sale can be found here. Insiders sold a total of 245,005 shares of company stock worth $4,798,048 over the last ninety days. 6.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Unity Software

Several institutional investors have recently bought and sold shares of U. Asset Management One Co. Ltd. boosted its holdings in Unity Software by 11.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 97,237 shares of the company’s stock valued at $4,150,000 after acquiring an additional 10,172 shares during the period. International Assets Investment Management LLC raised its position in Unity Software by 2,887.0% during the 4th quarter. International Assets Investment Management LLC now owns 47,882 shares of the company’s stock valued at $1,958,000 after purchasing an additional 46,279 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Unity Software by 14.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 271,526 shares of the company’s stock valued at $11,103,000 after purchasing an additional 34,407 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Unity Software by 14.7% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,131,625 shares of the company’s stock valued at $373,392,000 after purchasing an additional 1,170,058 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in Unity Software during the 4th quarter valued at approximately $265,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

About Unity Software

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.