Unity Software (NYSE: U – receive free report) was reduced by HSBC from a ‘buy’ rating to a ‘hold’ rating in a research report issued on Tuesday, reports MarketBeat.com. They currently have a price target of $ 40.80 on the shares, an increase in their earlier price objective of $ 37.50. The price objective of HSBC suggests a potential benefit of 6.75% compared to the current price of the company.
You have been the subject of a number of other reports. Zacks Research has reduced Unity software from a “strong buy” rating to a “hold” rating in a report on Wednesday 13 August. UBS Group increased their price target for Unity software from $ 22.00 to $ 33.00 and gave the company a “neutral” rating in a report on Thursday 17 July. Morgan Stanley increased their price target for Unity software from $ 25.00 to $ 40.00 and gave the company a “considered” rating in a report on Thursday 7 August. Wells Fargo & Company increased their price objective for Unity software from $ 24.00 to $ 29.00 and gave the company an “equal weight” rating in a research report on Thursday 7 August. Finally, Citigroup increased their price objective for Unity software from $ 29.00 to $ 44.00 and gave the company a “buy” rating in a research report on Wednesday 23 July. One analyst has assessed the share with a strong buy -rating, seven have given a buy -rating, nine have issued a hold -rating and two have awarded a sales rating to the company. Based on data from Marketbeat, the company has a consensus assessment of “Hold” and a consensus price objective of $ 32.05.
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Price performance of unit of software
NYSE: You are open on Tuesday for $ 38.22. The company has a rapid ratio of 2.73, a current ratio of 2.73 and a debt / equity ratio of 0.70. The 50-day simple advancing average of the company is $ 39.24 and the simple advancing average of two hundred day is $ 28.81. The share has a market capitalization of $ 16.15 billion, a PE ratio of -36.06 and a beta of 2.32. Unity Software has a low 52 -week -weeks of $ 15.33 and a highest point in 52 weeks of $ 46.94.
Unity Software (NYSE: U – Get Free Report) has last posted its quarterly results on Wednesday 6 August. The company reported ($ 0.26) profit per share for the quarter and lacked the consensus estimates of analysts of ($ 0.25) with ($ 0.01). The company had a turnover of $ 440.94 million for the quarter, compared to the consensus estimate of $ 425.18 million. Unity software had a negative net margin of 24.38% and a negative return on equity of 13.59%. The turnover of Unity Software fell by 1.9% compared to the same quarter last year. During the same period in the previous year, the company ($ 0.32) earned profit per share. As a group, analysts predict that Unity Software -1.25 profit per share will post for the current tax year.
Buy and sell insider
In related news, COO Alexander Blum sold 63,813 shares of Unity Software shares in a transaction of Wednesday 27 August. The share was sold at an average price of $ 39.41, for a total value of $ 2,514,870.33. After completing the transaction, the Chief Operating Officer had 603,811 shares in the company, with a value of approximately $ 23,796.191.51. This trade represents a decrease of 9.56% in their ownership of the share. The transaction was announced in a legal application for the SEC, which is accessible through this hyperlink. Director David Helgason also sold 1,350,000 shares of Unity Software shares in a transaction of Monday 8 September. The share was sold at an average price of $ 44.43, for a total value of $ 59,980,500.00. After completing the transaction, the director had 6,139.173 shares of the shares of the company, with a value of approximately $ 272,763,456.39. This represents a decrease of 18.03% in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,084,426 shares of company shares with a value of $ 88,173,284. 3.61% of the shares are currently owned by insiders.
Institutional intake and outskirts
Institutional investors and hedge funds have recently added or reduced their interests in the shares. Janey Montgomery Scott LLC has canceled his interest in Unity Software in the first quarter by 116.2%. Janey Montgomery Scott LLC now owns 29,085 shares of the shares of the company worth $ 570,000 after the purchase of an additional 15,633 shares in the last quarter. Oppenheimer & Co. Inc. Bought a new interest in Unity software worth around $ 433,000 in the first quarter. Gamma Investing LLC has canceled its interest in Unity Software in the first quarter by 72.5%. Gamma Investing LLC now has 2,822 shares of the shares of the company worth $ 55,000 after the purchase of an additional 1,186 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new interest in Unity Software worth around $ 2,215,000 in the first quarter. Finally, Amalgamated Bank lifted its interest in Unity Software in the first quarter by 3.0%. Amalgamated Bank now owns 18,132 shares of the shares of the company worth $ 355,000 after the purchase of an additional 525 shares in the last quarter. Hedge funds and other institutional investors have 73.46% of the company shares.
About Unity Software
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Unity Software Inc has a real-time 3D development platform. The platform offers software solutions to create, perform and earn 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 shopping and field sales activities 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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