In a report released on May 10, J. Parker Lane from Stifel Nicolaus maintained a Buy rating on Unity Software (U – Research Report), with a price target of $30.00. The company’s shares closed last Friday at $21.69.
According to TipRanks, Parker Lane is an analyst with an average return of -4.0% and a 40.28% success rate. Parker Lane covers the Technology sector, focusing on stocks such as Salesforce, Unity Software, and Adobe.
In addition to Stifel Nicolaus, Unity Software also received a Buy from William Blair’s Dylan Becker in a report issued on May 10. However, on the same day, Goldman Sachs reiterated a Hold rating on Unity Software (NYSE: U).
Based on Unity Software’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $609.27 million and a GAAP net loss of $252.08 million. In comparison, last year the company earned a revenue of $450.97 million and had a GAAP net loss of $289.33 million
Based on the recent corporate insider activity of 111 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of U in relation to earlier this year.
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Unity Software (U) Company Description:
California-based Unity Software Inc. is a video game software development company. The platform provides software solutions to create and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The products are used in the gaming industry, architecture and construction sector, animation industry, and designing sector.
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