Unity Software (NYSE:U) Upgraded by Citizens Jmp to Strong-Buy Rating

Unity Software (NYSE:U) was upgraded by Citizens Jmp from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

A number of other research firms have also weighed in on U. Barclays increased their target price on Unity Software from $18.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Jefferies Financial Group increased 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, February 21st. UBS Group raised their price target on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Hsbc Global Res upgraded Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. Finally, Benchmark upgraded Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.61.

Unity Software Stock Up 2.6 %

Shares of U opened at $21.52 on Tuesday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The business has a fifty day moving average of $22.88 and a 200 day moving average of $21.88. Unity Software has a 52-week low of $13.90 and a 52-week high of $30.88. The company has a market cap of $8.81 billion, a PE ratio of -12.81 and a beta of 2.27.

Unity Software (NYSE:U) last released its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The business had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. On average, sell-side analysts expect that Unity Software will post -1.25 EPS for the current year.

Insider Buying and Selling at Unity Software

In other Unity Software news, CFO Mark Barrysmith sold 1,228 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $24.44, for a total value of $30,012.32. Following the completion of the sale, the chief financial officer now owns 453,638 shares of the company’s stock, valued at approximately $11,086,912.72. This trade represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Helgason sold 38,924 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $26.92, for a total value of $1,047,834.08. Following the completion of the sale, the director now directly owns 7,828,494 shares of the company’s stock, valued at approximately $210,743,058.48. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 864,537 shares of company stock worth $20,839,722 over the last quarter. Insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Unity Software

Several institutional investors have recently added to or reduced their stakes in the business. Anderson Financial Strategies LLC acquired a new stake in shares of Unity Software during the fourth quarter worth about $28,000. R Squared Ltd acquired a new stake in shares of Unity Software during the fourth quarter worth about $30,000. Principal Securities Inc. lifted its holdings in shares of 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 purchasing an additional 477 shares during the period. Planning Capital Management Corp acquired a new stake in shares of Unity Software during the third quarter worth about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Unity Software during the fourth quarter worth about $36,000. Institutional investors and hedge funds 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.