Unity Software (NYSE:U) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Unity Software (NYSE:U) from a buy rating to a hold rating in a research report report published on Saturday morning.

Several other analysts have also commented on the stock. Wedbush lowered their price objective on shares of Unity Software from $37.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Citigroup decreased their target price on shares of Unity Software from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Barclays decreased their price target on shares of Unity Software from $35.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Unity Software in a research note on Wednesday, January 21st. Finally, BTIG Research cut their target price on shares of Unity Software from $60.00 to $41.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.52.

Unity Software Price Performance

NYSE U opened at $17.07 on Friday. Unity Software has a 52 week low of $15.33 and a 52 week high of $52.15. The company has a market cap of $7.39 billion, a PE ratio of -17.78, a price-to-earnings-growth ratio of 9.79 and a beta of 2.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.52. The firm’s 50-day simple moving average is $36.60 and its two-hundred day simple moving average is $39.05.

Unity Software (NYSE:U) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. Unity Software had a negative net margin of 21.77% and a negative return on equity of 4.76%. The company had revenue of $503.09 million during the quarter, compared to analysts’ expectations of $490.64 million. During the same quarter in the previous year, the company earned ($0.30) earnings per share. Unity Software’s revenue for the quarter was up 10.1% on a year-over-year basis. Research analysts predict that Unity Software will post -1.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Mark Barrysmith sold 14,407 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $50.01, for a total value of $720,494.07. Following the transaction, the chief accounting officer directly owned 394,479 shares of the company’s stock, valued at approximately $19,727,894.79. This trade represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Alexander Blum sold 1,988 shares of Unity Software stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $42.47, for a total transaction of $84,430.36. Following the completion of the sale, the chief operating officer owned 561,130 shares of the company’s stock, valued at $23,831,191.10. This trade represents a 0.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,177,484 shares of company stock valued at $56,498,571. 3.61% of the stock is 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Unity Software by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company’s stock worth $15,930,000 after purchasing an additional 45,481 shares during the last quarter. Focus Partners Wealth acquired a new stake in Unity Software in the first quarter valued at about $260,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Unity Software in the 2nd quarter valued at approximately $593,000. Stephens Inc. AR acquired a new position in Unity Software during the 2nd quarter worth approximately $275,000. Finally, Ethic Inc. purchased a new position in shares of Unity Software during the 2nd quarter worth approximately $286,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

About Unity Software

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.