Unity Software Inc. (NYSE:U) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Unity Software Inc. (NYSE:U) have earned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $22.81.

U has been the topic of several recent research reports. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a report on Monday. Jefferies Financial Group lifted their target price on shares of Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Needham & Company LLC lifted their target price on shares of Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays lifted their price target on shares of Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, Macquarie lifted their target price on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th.

Unity Software Stock Performance

NYSE U opened at $21.40 on Tuesday. Unity Software has a 1 year low of $13.90 and a 1 year high of $35.56. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The stock has a market capitalization of $8.62 billion, a PE ratio of -10.49 and a beta of 2.32. The company’s 50 day simple moving average is $23.55 and its two-hundred day simple moving average is $20.53.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.08. The firm had revenue of $446.52 million for the quarter, compared to analysts’ expectations of $428.01 million. Unity Software had a negative net margin of 40.47% and a negative return on equity of 11.30%. During the same quarter last year, the company posted ($0.12) EPS. Analysts predict that Unity Software will post -1.72 earnings per share for the current fiscal year.

Insider Transactions at Unity Software

In related news, SVP Felix The sold 20,000 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $27.43, for a total transaction of $548,600.00. Following the sale, the senior vice president now owns 391,960 shares of the company’s stock, valued at $10,751,462.80. This represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the sale, the director now directly owns 4,248,146 shares in the company, valued at approximately $74,427,517.92. The trade was a 5.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 764,487 shares of company stock valued at $17,521,180. 6.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in U. Sei Investments Co. boosted its holdings in shares of Unity Software by 29.1% in the 2nd quarter. Sei Investments Co. now owns 27,789 shares of the company’s stock valued at $452,000 after buying an additional 6,264 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Unity Software in the 2nd quarter valued at about $515,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Unity Software by 47.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 82,105 shares of the company’s stock valued at $1,335,000 after buying an additional 26,241 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of Unity Software in the 2nd quarter valued at about $172,000. Finally, Creative Planning raised its position in shares of Unity Software by 111.7% in the 2nd quarter. Creative Planning now owns 135,195 shares of the company’s stock valued at $2,198,000 after purchasing an additional 71,325 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors.

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.