Unity Software (U) – Investment Analysts' Recent Ratings Changes - Defense World

Unity Software (NYSE: U) has recently received a number of price target changes and ratings updates:

5/13/2024 – Unity Software had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $29.00 to $26.00. They now have a “neutral” rating on the stock.
5/10/2024 – Unity Software had its “sell” rating reaffirmed by analysts at Benchmark Co.. They now have a $16.00 price target on the stock.
5/10/2024 – Unity Software had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $33.50 price target on the stock.
5/10/2024 – Unity Software had its “market perform” rating reaffirmed by analysts at JMP Securities.
5/10/2024 – Unity Software had its price target lowered by analysts at Barclays PLC from $28.00 to $27.00. They now have an “equal weight” rating on the stock.
5/10/2024 – Unity Software had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $31.00 price target on the stock.
5/2/2024 – Unity Software had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $33.50 price target on the stock.

Unity Software Trading Down 1.7 %

NYSE U opened at $18.75 on Thursday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.70. The firm has a market cap of $7.33 billion, a PE ratio of -8.37 and a beta of 2.40. The company has a 50 day moving average price of $23.96 and a 200 day moving average price of $29.69. Unity Software Inc. has a 52 week low of $18.33 and a 52 week high of $50.08.

Unity Software (NYSE:U – Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. The company had revenue of $609.27 million for the quarter, compared to analyst estimates of $551.01 million. During the same quarter in the previous year, the company posted ($0.50) EPS. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Unity Software Inc. will post -1.81 EPS for the current fiscal year.

Insider Buying and Selling at Unity Software

In other news, CMO Carol W. Carpenter sold 2,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $29.35, for a total value of $58,700.00. Following the sale, the chief marketing officer now directly owns 446,617 shares of the company’s stock, valued at approximately $13,108,208.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Marc Whitten sold 31,466 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $19.10, for a total value of $601,000.60. Following the sale, the insider now directly owns 958,241 shares of the company’s stock, valued at approximately $18,302,403.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Carol W. Carpenter sold 2,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $29.35, for a total transaction of $58,700.00. Following the completion of the sale, the chief marketing officer now directly owns 446,617 shares in the company, valued at $13,108,208.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 503,297 shares of company stock worth $11,714,920. 6.30% of the stock is owned by corporate insiders.

Institutional Trading of Unity Software

A number of hedge funds have recently added to or reduced their stakes in U. Norges Bank purchased a new position in Unity Software during the fourth quarter valued at $379,180,000. Capital International Investors lifted its holdings in Unity Software by 426.1% during the first quarter. Capital International Investors now owns 7,872,413 shares of the company’s stock valued at $210,193,000 after purchasing an additional 6,376,034 shares in the last quarter. Capital Research Global Investors lifted its holdings in Unity Software by 510.2% during the fourth quarter. Capital Research Global Investors now owns 7,181,661 shares of the company’s stock valued at $293,658,000 after purchasing an additional 6,004,655 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its holdings in Unity Software by 32.6% during the first quarter. Nikko Asset Management Americas Inc. now owns 11,326,547 shares of the company’s stock valued at $302,419,000 after purchasing an additional 2,787,058 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Unity Software by 30.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company’s stock valued at $317,984,000 after purchasing an additional 2,777,884 shares in the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

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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