Unity Software Inc. (NYSE:U) Receives Average Recommendation of “Hold” from Analysts

Shares of Unity Software Inc. (NYSE:U) have been given an average recommendation of “Hold” by the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $23.63.

A number of equities research analysts have recently issued reports on U shares. The Goldman Sachs Group cut their target price on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Benchmark cut their target price on shares of Unity Software from $16.00 to $10.00 and set a “sell” rating on the stock in a research note on Friday, August 9th. Piper Sandler restated a “neutral” rating and issued a $17.00 target price (down previously from $25.00) on shares of Unity Software in a research note on Friday, August 9th. Needham & Company LLC dropped their price objective on shares of Unity Software from $31.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Stifel Nicolaus raised their target price on shares of Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, September 13th.

Unity Software Stock Performance

Shares of U stock opened at $19.72 on Friday. Unity Software has a 12 month low of $13.90 and a 12 month high of $43.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36. The firm has a market capitalization of $7.71 billion, a P/E ratio of -8.80 and a beta of 2.28. The company’s fifty day moving average price is $19.64 and its two-hundred day moving average price is $19.17.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.12. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The firm had revenue of $449.30 million for the quarter, compared to analyst estimates of $438.37 million. During the same quarter in the previous year, the business posted ($0.26) EPS. The firm’s revenue was down 15.8% compared to the same quarter last year. On average, research analysts anticipate that Unity Software will post -1.86 earnings per share for the current fiscal year.

Insider Activity at Unity Software

In other Unity Software news, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the transaction, the senior vice president now owns 423,679 shares in the company, valued at approximately $7,579,617.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Unity Software news, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the transaction, the senior vice president now owns 423,679 shares in the company, valued at approximately $7,579,617.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the transaction, the director now owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 283,106 shares of company stock worth $5,739,195 over the last quarter. 6.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Unity Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in U. Advisors Asset Management Inc. boosted its stake in shares of Unity Software by 31.6% during the 1st quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock valued at $62,000 after buying an additional 562 shares during the period. Tradewinds Capital Management LLC boosted its stake in shares of Unity Software by 245.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock valued at $26,000 after buying an additional 700 shares during the period. GAMMA Investing LLC boosted its stake in shares of Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after buying an additional 949 shares during the period. Intech Investment Management LLC boosted its stake in shares of Unity Software by 8.2% during the 2nd quarter. Intech Investment Management LLC now owns 13,270 shares of the company’s stock valued at $216,000 after buying an additional 1,010 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Unity Software by 19.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,649 shares of the company’s stock valued at $272,000 after buying an additional 1,064 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

About Unity Software

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.