Unity Software (NYSE:U) Rating Increased to Strong-Buy at Citizens Jmp

Unity Software (NYSE:U) was upgraded by stock analysts at Citizens Jmp from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group increased their target price on shares of Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, February 21st. Citigroup raised shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday. Morgan Stanley increased their price objective on shares of Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, February 21st. UBS Group increased their price objective on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Unity Software presently has a consensus rating of “Moderate Buy” and an average price target of $25.61.

Unity Software Price Performance

Shares of NYSE:U opened at $21.52 on Tuesday. The firm’s 50 day moving average price is $22.88 and its 200-day moving average price is $21.88. Unity Software has a twelve month low of $13.90 and a twelve month high of $30.88. 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 stock has a market capitalization of $8.81 billion, a PE ratio of -12.81 and a beta of 2.27.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.05. The firm had revenue of $457.10 million for 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%. Equities research analysts expect that Unity Software will post -1.25 EPS for the current year.

Insider Activity

In related news, CFO Mark Barrysmith sold 1,228 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were 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 directly owns 453,638 shares of the company’s stock, valued at $11,086,912.72. This represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tomer Bar-Zeev sold 166,667 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $20.99, for a total transaction of $3,498,340.33. Following the completion of the sale, the director now directly owns 3,481,479 shares of the company’s stock, valued at approximately $73,076,244.21. This trade represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 864,537 shares of company stock valued at $20,839,722. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Unity Software

Hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE raised its holdings in Unity Software by 159.7% in the third quarter. US Bancorp DE now owns 13,257 shares of the company’s stock worth $300,000 after purchasing an additional 8,152 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Unity Software by 6.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 111,940 shares of the company’s stock valued at $2,532,000 after acquiring an additional 6,689 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Unity Software by 28.7% in the third quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock valued at $89,000 after buying an additional 876 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Unity Software in the third quarter valued at approximately $380,000. Finally, Bouvel Investment Partners LLC boosted its position in Unity Software by 56.3% in the third quarter. Bouvel Investment Partners LLC now owns 35,595 shares of the company’s stock valued at $805,000 after buying an additional 12,823 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.