Recent changes in Unity Software’s institutional investors include Tradewinds Capital Management increasing its shares by 245.6%, now holding 985 shares worth $26,000. Benjamin F. Edwards raised its stake by 2,429.3%, owning 1,037 shares valued at $28,000. Advisors Asset Management grew its holdings by 31.6%, with 2,338 shares worth $62,000. EntryPoint Capital entered a new position valued at $65,000, and Blue Trust increased its stake by 308.8%, owning 3,123 shares worth $51,000. Overall, institutional investors own 73.46% of the stock.
Analyst Ratings
Analysts have mixed ratings for Unity Software (ticker: U). Macquarie raised its target price to $15 with an underperform rating. Stifel Nicolaus set a target price of $25, rating it a buy. Wedbush increased its target to $27 and rated it outperform. Needham lowered its target from $31 to $23 but maintained a buy rating. Benchmark reduced its target from $16 to $10, issuing a sell rating. There are two sell ratings, seven holds, and six buys, giving an average rating of Hold and a target price of $24.21.
Check Out Our Latest Stock Report on Unity Software
Stock Performance
Unity Software’s stock opened at $21.18 on Wednesday. Its 50-day moving average is $18.01, and the 200-day is $19.63. The stock has a 52-week low of $13.90 and a high of $43.54. The market cap is $8.41 billion with a P/E ratio of -9.46. The company reported ($0.32) EPS for the last quarter, better than expectations of ($0.44) and revenue of $449.3 million, exceeding a $438.37 million estimate.
Insider Trading
SVP Anirma Gupta sold 1,506 shares at $16.73, totaling about $25,195, maintaining 409,540 shares afterward. SVP Felix The sold 30,000 shares at $17.89 for approximately $536,700. In total, insiders sold 283,906 shares worth $5.75 million in 90 days, with insiders owning 6.30% of the company.
Company Overview
Unity Software Inc. offers a platform for developing 2D and 3D content for various devices, including mobile and VR systems. Their products are available online and through global distributors.
Recommended Reading
- Five stocks we like better than Unity Software
- What Investors Need to Know About Upcoming IPOs
- NVIDIAs AI Dominance: Why Major Upside is Expected
- Understanding Compound Interest for Investing
- Stocks Using Buybacks for Big Gains
- Using the MarketBeat Stock Screener
- The Entry Into PepsiCo Youve Been Waiting For
Want to see what other hedge funds are holding U? Visit HoldingsChannel.com for the latest filings and insider trades for Unity Software Inc. (NYSE:U).
Receive News & Ratings for Unity Software Daily – Enter your email below for a daily summary of news and ratings regarding Unity Software with MarketBeat.com’s FREE daily email newsletter.
`
