7 hours Ago By Defense World Staff
Unity Software (NYSE:U – Get Free Report) was upgraded by analysts at Hsbc Global Res to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.Several other equities research analysts also recently weighed in on U.
Jefferies Financial Group raised their price target on shares of Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a research report on Friday.
HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Friday. Needham & Company LLC upped their price target on Unity Software from $26.
00 to $33.00 and gave the company a “buy” rating in a report on Friday. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd.
Finally, UBS Group boosted their target price on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd.
One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $25.96.
Get Our Latest Stock Report on Unity SoftwareUnity Software Stock Up 1.1 %U stock opened at $28.31 on Friday.
The business has a 50 day moving average of $22.53 and a 200 day moving average of $21.13.
The firm has a market cap of $11.41 billion, a PE ratio of -16.85 and a beta of 2.
32. Unity Software has a twelve month low of $13.90 and a twelve month high of $33.
43. The company has a quick ratio of 2.41, a current ratio of 2.
41 and a debt-to-equity ratio of 0.70. Unity Software (NYSE:U – Get Free Report) last posted its quarterly earnings results on Thursday, February 20th.
The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.
05. The firm had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.
47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.
63%. On average, research analysts forecast that Unity Software will post -1.25 EPS for the current fiscal year.
Insider Transactions at Unity SoftwareIn related news, CFO Mark Barrysmith sold 8,112 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $24.38, for a total value of $197,770.
56. Following the completion of the sale, the chief financial officer now directly owns 454,866 shares of the company’s stock, valued at approximately $11,089,633.08.
This represents a 1.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Also, Director David Helgason sold 7,860 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $26.45, for a total transaction of $207,897.
00. Following the completion of the transaction, the director now owns 10,493 shares of the company’s stock, valued at approximately $277,539.85.
The trade was a 42.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Insiders have sold 762,597 shares of company stock worth $18,732,374 in the last 90 days. 6.30% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Unity SoftwareA number of institutional investors have recently bought and sold shares of the business. Anderson Financial Strategies LLC bought a new position in shares of Unity Software in the fourth quarter worth about $28,000. R Squared Ltd purchased a new position in Unity Software in the 4th quarter worth approximately $30,000.
Principal Securities Inc. boosted its stake in Unity Software by 50.5% in the 4th quarter.
Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after purchasing an additional 477 shares during the period. Planning Capital Management Corp purchased a new stake in Unity Software during the 3rd quarter valued at approximately $34,000.
Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Unity Software during the fourth quarter valued at approximately $36,000.
Hedge funds and other institutional investors own 73.46% 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.Further ReadingFive stocks we like better than Unity SoftwareConference Calls and Individual InvestorsUnity Stock: Is a True Turnaround Finally Taking Shape?How to Know if a Stock Pays Dividends and When They Are Paid OutDuPont’s Electronics Spinoff: The Start of Something BigWhat is a Bond Market Holiday? How to Invest and TradeThe Trade Desk Crashes on Earnings, But Growth Catalysts Persist.
