Unity Software (NYSE:U) Price Target Raised to $27.00 at Wells Fargo & Company

Unity Software (NYSE:U) had its price target hoisted by Wells Fargo & Company from $20.00 to $27.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC raised their target price on Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a report on Friday. Benchmark raised Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group boosted their target price on Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday. HSBC upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Friday. Finally, Macquarie upped their price objective on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six 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 $25.96.

Unity Software Trading Up 1.1 %

U opened at $28.31 on Friday. 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 has a twelve month low of $13.90 and a twelve month high of $33.43. The company has a 50-day simple moving average of $22.53 and a 200 day simple moving average of $21.08.

Unity Software (NYSE:U) last issued its earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.05. The company had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. On average, research analysts predict that Unity Software will post -1.25 earnings per share for the current fiscal year.

Insider Activity at Unity Software

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total value of $6,255,000.00. Following the sale, the director now directly owns 3,648,146 shares in the company, valued at $91,276,612.92. This represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Felix The sold 11,719 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $24.39, for a total transaction of $285,826.41. Following the transaction, the senior vice president now owns 411,960 shares of the company’s stock, valued at approximately $10,047,704.40. The trade was a 2.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 762,597 shares of company stock worth $18,732,374 over the last three months. Company insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

Institutional investors have recently bought and sold shares of the company. Anderson Financial Strategies LLC bought a new position in shares of Unity Software during the 4th quarter worth approximately $28,000. R Squared Ltd bought a new stake in shares of Unity Software in the 4th quarter valued at $30,000. Principal Securities Inc. boosted its stake in Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after acquiring an additional 477 shares in the last quarter. Planning Capital Management Corp acquired a new stake in Unity Software in the third quarter worth $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Unity Software in the fourth quarter valued at $36,000. Institutional investors own 73.46% of the company’s stock.

Unity Software Company Profile

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.