Unity Software call volume above normal and directionally bullish » 15:2506/1706/17/21
Bullish option flow…
Bullish option flow detected in Unity Software with 35,041 calls trading, 2x expected, and implied vol increasing over 1 point to 46.68%. Jul-21 115 calls and Jul-21 120 calls are the most active options, with total volume in those strikes near 14,400 contracts. The Put/Call Ratio is 0.14. Earnings are expected on August 5th.
|Over a week ago|
Microsoft gaming news opportunity not threat to Unity, says William Blair » 07:4806/1606/16/21
William Blair analyst…
William Blair analyst Bhavan Suri addresses investor questions around Microsoft's (MSFT) recent cloud gaming announcement and whether it serves as a potential headwind or tailwind for companies like Unity Software (U). Microsoft announced last week its intentions to accelerate cloud gaming adoption through the availability of its Xbox Game Pass as a streaming service through smart TVs and its own streaming device, set for release in the coming months. This cloud delivery model "can democratize" how gamers consume content, driving an incremental reliance on tools like Unity that allow creators to build once and deploy their games across a multitude of devices, Suri tells investors in a research note. The analyst thinks Unity's platform is well positioned to benefit if adoption accelerates and could serve as a further tailwind for the company's Create business in the coming years.
Cathie Wood's ARK Investment bought 21.1K shares of Unity Software on Monday 06:2006/1506/15/21
Unity Software call volume above normal and directionally bullish » 13:0506/1406/14/21
Bullish option flow…
Bullish option flow detected in Unity Software with 17,025 calls trading, 1.7x expected, and implied vol increasing over 2 points to 45.32%. Jul-21 115 calls and Jun-21 105 calls are the most active options, with total volume in those strikes near 9,000 contracts. The Put/Call Ratio is 0.11. Earnings are expected on August 5th.
Cathie Wood's ARK Investment bought 193K shares of Unity Software on Tuesday 06:2506/0906/09/21
|Over a month ago|
Unity Software call volume above normal and directionally bullish » 11:0505/2105/21/21
Bullish option flow…
Bullish option flow detected in Unity Software with 19,757 calls trading, 5x expected, and implied vol increasing over 1 point to 52.56%. Jun-21 110 calls and May-21 95 calls are the most active options, with total volume in those strikes near 9,900 contracts. The Put/Call Ratio is 0.19. Earnings are expected on August 5th.
Fly Intel: Top five analyst upgrades » 09:5405/1405/14/21
SNOW, U, CHDN, DASH, ABNB
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Snowflake (SNOW) upgraded to Buy from Neutral at Goldman Sachs with analyst Kash Rangan saying the shares have corrected 34% since January 21 compared to an 11% decline across the broader software coverage and a 3% decline for the Nasdaq. 2. Unity Software (U) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Schwartz saying following the recent selloff, the analyst sees an "attractive entry point for a good compounding growth story." 3. Churchill Downs (CHDN) upgraded to Buy from Hold at Jefferies with analyst David Katz calling it "one of the best growth stories in Gaming" and arguing that drivers that include continued growth in the historical racing machine business in Kentucky, growth in Illinois, top line growth in the Kentucky Derby and margin benefits in regional casinos remain intact. 4. DoorDash (DASH) upgraded to Overweight from Equal Weight at Wells Fargo with analyst Brian Fitzgerald thinking DoorDash's beat and raise is large enough to offset the rotation to "value" that has afflicted growth stocks year-to-date. 5. Airbnb (ABNB) upgraded to Overweight from Equal Weight at Wells Fargo with analyst Brian Fitzgerald saying Airbnb's strong Q1 results demonstrate the company's positive momentum exiting the pandemic, with Airbnb se to benefit from secular demand shifts, increasing category familiarity/favorability, and shifts in workplace flexibility, which represent long-term tailwinds for the short-term rentals market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Unity Software upgraded to Outperform from Perform at Oppenheimer » 04:4705/1405/14/21
Oppenheimer analyst Brian…
Oppenheimer analyst Brian Schwartz upgraded Unity Software to Outperform from Perform with a $103 price target. Following the recent selloff, the analyst sees an "attractive entry point for a good compounding growth story." Investor sentiment has "materially shifted-away from expectations of sustaining unrealistically high growth rates many years into the future," Schwartz tells investors in a research note. He believes the shares and have reached an attractive risk/reward ratio following the "good" Q1 results.
Unity Software price target lowered to $150 from $175 at DA Davidson » 09:0905/1305/13/21
DA Davidson analyst…
DA Davidson analyst Franco Granda lowered the firm's price target on Unity Software to $150 from $175 and keeps a Buy rating on the shares. The company posted a "solid" Q1 earnings beat and raised its 2021 guidance, with user engagement remaining at a higher baseline than in pre-COVID times, the analyst tells investors in a research note. Granda adds that his reduced price target reflects the multiple compression in the ad tech space but believes that the 45% year-to-date selloff creates an "attractive entry point".
Cathie Wood's ARK Investment discloses 452K shares of Unity Software bought 19:5005/1205/12/21