Research and analytics firm Wall Street Zen downgraded its rating for Unity Software (NYSE: U) from "buy" to "hold" in a report issued on Friday. The report also noted other recent analyst actions, including a price target increase by Barclays and a new "neutral" rating from Goldman Sachs in the preceding months. The downgrade follows Unity's third-quarter earnings report, where the company surpassed consensus estimates for both earnings per share (EPS) and revenue. The firm reported revenue of $470.62 million for the quarter, a 5.4% increase compared to the same period in the previous year. The report also highlighted a recent insider transaction, with CEO Matthew S. Bromberg selling 41,025 shares on November 25th.
Unity Software Downgraded to 'Hold' by Wall Street Zen
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