Unity Software (NYSE:U) PT Lowered to $105.00 at Credit Suisse Group

Unity Software (NYSE:UGet Rating) had its price objective trimmed by Credit Suisse Group from $137.00 to $105.00 in a research note published on Tuesday morning, The Fly reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts also recently issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of Unity Software from $154.00 to $137.00 and set a buy rating on the stock in a report on Thursday, April 14th. Stifel Nicolaus lowered their price target on shares of Unity Software from $150.00 to $100.00 in a report on Wednesday, May 11th. Piper Sandler lowered their price target on shares of Unity Software from $145.00 to $55.00 and set an overweight rating on the stock in a report on Wednesday, May 11th. Daiwa Capital Markets downgraded shares of Unity Software from an outperform rating to a neutral rating and lowered their price target for the stock from $110.00 to $34.00 in a report on Wednesday, May 11th. Finally, Wedbush lowered their price target on shares of Unity Software from $125.00 to $70.00 in a report on Wednesday, May 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Unity Software presently has an average rating of Moderate Buy and an average target price of $101.64.

U stock opened at $44.47 on Tuesday. The firm’s fifty day simple moving average is $50.55 and its 200-day simple moving average is $89.85. The company has a market capitalization of $13.16 billion, a P/E ratio of -21.18 and a beta of 2.74. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.53 and a quick ratio of 3.53. Unity Software has a 12 month low of $29.09 and a 12 month high of $210.00.

Unity Software (NYSE:UGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). Unity Software had a negative net margin of 50.40% and a negative return on equity of 20.50%. The business had revenue of $320.13 million for the quarter, compared to the consensus estimate of $321.17 million. During the same period in the prior year, the firm earned ($0.38) EPS. The business’s revenue for the quarter was up 36.4% on a year-over-year basis. As a group, sell-side analysts forecast that Unity Software will post -1.65 earnings per share for the current year.

In related news, Director David Helgason sold 2,407 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $46.29, for a total transaction of $111,420.03. Following the completion of the sale, the director now directly owns 5,322 shares in the company, valued at $246,355.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Marc Whitten sold 2,283 shares of the firm’s stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $98.59, for a total transaction of $225,080.97. Following the sale, the senior vice president now owns 219,897 shares of the company’s stock, valued at $21,679,645.23. The disclosure for this sale can be found here. Insiders sold 61,621 shares of company stock valued at $2,619,386 over the last quarter. Company insiders own 6.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Northern Oak Wealth Management Inc. purchased a new position in Unity Software during the fourth quarter worth about $25,000. Rockbridge Investment Management LCC purchased a new position in Unity Software during the fourth quarter worth about $26,000. Tcwp LLC purchased a new position in Unity Software during the first quarter worth about $26,000. Capital Advisory Group Advisory Services LLC purchased a new position in Unity Software during the first quarter worth about $28,000. Finally, San Luis Wealth Advisors LLC purchased a new position in Unity Software during the first quarter worth about $31,000. Hedge funds and other institutional investors own 75.48% of the company’s stock.

Unity Software Company Profile (Get Rating)

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.

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