Unity Software Inc. (NYSE:U) Receives Consensus Rating of “Hold” from Brokerages

Shares of Unity Software Inc. (NYSE:U) have been assigned a consensus rating of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $24.21.

Several brokerages recently commented on U. Piper Sandler reaffirmed a “neutral” rating and issued a $17.00 target price (down from $25.00) on shares of Unity Software in a research report on Friday, August 9th. Benchmark reduced their price objective on shares of Unity Software from $16.00 to $10.00 and set a “sell” rating for the company in a report on Friday, August 9th. Stifel Nicolaus upped their target price on shares of Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Wedbush raised their price target on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Macquarie lifted their price objective on Unity Software from $12.00 to $15.00 and gave the company an “underperform” rating in a report on Tuesday, September 17th.

Insider Buying and Selling

In other Unity Software news, Director David Helgason sold 250,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the sale, the director now directly owns 8,201,851 shares in the company, valued at $168,876,112.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Anirma Gupta sold 1,506 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $16.73, for a total value of $25,195.38. Following the transaction, the senior vice president now owns 409,540 shares of the company’s stock, valued at approximately $6,851,604.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the transaction, the director now directly owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. The disclosure for this sale can be found here. Insiders sold 283,906 shares of company stock valued at $5,753,611 over the last 90 days. Company insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Unity Software by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company’s stock valued at $703,192,000 after buying an additional 208,566 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Unity Software by 30.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company’s stock valued at $317,984,000 after purchasing an additional 2,777,884 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its position in Unity Software by 32.6% during the first quarter. Nikko Asset Management Americas Inc. now owns 11,326,547 shares of the company’s stock worth $302,419,000 after purchasing an additional 2,787,058 shares during the period. Capital Research Global Investors increased its stake in shares of Unity Software by 18.7% in the first quarter. Capital Research Global Investors now owns 8,524,448 shares of the company’s stock worth $227,603,000 after purchasing an additional 1,342,787 shares in the last quarter. Finally, Capital International Investors increased its stake in shares of Unity Software by 426.1% in the first quarter. Capital International Investors now owns 7,872,413 shares of the company’s stock worth $210,193,000 after purchasing an additional 6,376,034 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

Unity Software Trading Down 4.6 %

NYSE U opened at $21.59 on Wednesday. The company has a market capitalization of $8.57 billion, a PE ratio of -9.64 and a beta of 2.25. Unity Software has a 1-year low of $13.90 and a 1-year high of $43.54. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70. The firm’s fifty day simple moving average is $17.61 and its 200-day simple moving average is $19.79.

Unity Software (NYSE:U) last posted its earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.12. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The company had revenue of $449.30 million for the quarter, compared to analyst estimates of $438.37 million. During the same period last year, the company earned ($0.26) earnings per share. The business’s revenue was down 15.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Unity Software will post -1.86 earnings per share for the current fiscal year.

Unity Software Company Profile

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize 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 store and field sales operations 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.