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

Unity Software (NYSE:U) had its price objective increased by equities researchers at 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. Wells Fargo & Company‘s price target indicates a potential downside of 10.93% from the company’s previous close.

Several other equities research analysts have also recently weighed in on U. 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 research report on Friday. Morgan Stanley upped their target price on shares of Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Barclays raised their price target on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Finally, Wedbush reiterated an “outperform” rating and set a $27.00 price objective on shares of Unity Software in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Unity Software has a consensus rating of “Hold” and an average target price of $25.54.

Unity Software Stock Performance

Shares of Unity Software stock opened at $30.31 on Friday. The business’s fifty day simple moving average is $22.45 and its 200 day simple moving average is $20.99. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software has a 12 month low of $13.90 and a 12 month high of $33.43. The firm has a market capitalization of $12.21 billion, a P/E ratio of -14.99 and a beta of 2.32.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative net margin of 40.47% and a negative return on equity of 11.30%. The business had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. As a group, analysts anticipate that Unity Software will post -1.72 EPS for the current year.

Insider Activity

In other Unity Software news, SVP Felix The sold 20,000 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $27.43, for a total value of $548,600.00. Following the sale, the senior vice president now directly owns 391,960 shares of the company’s stock, valued at approximately $10,751,462.80. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the completion of the transaction, the director now owns 3,648,146 shares in the company, valued at approximately $91,276,612.92. The trade was a 6.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 679,264 shares of company stock valued at $16,612,383. 6.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Unity Software

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Anderson Financial Strategies LLC bought a new position in Unity Software in the fourth quarter worth approximately $28,000. R Squared Ltd bought a new stake in Unity Software during the 4th quarter worth approximately $30,000. Principal Securities Inc. increased its holdings in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after acquiring an additional 477 shares during the last quarter. Planning Capital Management Corp purchased a new position in shares of Unity Software during the third quarter valued at about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Unity Software during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

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.