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

Shares of Unity Software Inc. (NYSE:U) have been assigned an average rating of “Hold” from the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $25.04.

U has been the subject of a number of research analyst reports. JMP Securities restated a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Barclays upped their target price on Unity Software from $18.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Macquarie upped their target price on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th. Needham & Company LLC upped their target price on Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Jefferies Financial Group upped their target price on Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, February 21st.

Unity Software Stock Down 2.3 %

Shares of Unity Software stock opened at $25.58 on Friday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a market cap of $10.30 billion, a P/E ratio of -15.22 and a beta of 2.32. Unity Software has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The business has a 50-day moving average price of $22.82 and a 200 day moving average price of $21.49.

Unity Software (NYSE:U) last issued its earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The company had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. On average, sell-side analysts forecast that Unity Software will post -1.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 210,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $26.23, for a total transaction of $5,508,300.00. Following the sale, the director now directly owns 967,650 shares of the company’s stock, valued at $25,381,459.50. The trade was a 17.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Felix The sold 20,000 shares of the business’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 transaction, the senior vice president now owns 391,960 shares in the company, valued at approximately $10,751,462.80. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 866,060 shares of company stock valued at $21,451,338 in the last three months. 6.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Unity Software

Institutional investors and hedge funds have recently modified their holdings of the stock. Anderson Financial Strategies LLC bought a new stake in Unity Software in the fourth quarter worth $28,000. R Squared Ltd bought a new stake in Unity Software in the fourth quarter worth $30,000. Principal Securities Inc. boosted its holdings in Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after purchasing an additional 477 shares in the last quarter. Planning Capital Management Corp bought a new stake in Unity Software in the third quarter worth $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Unity Software in the fourth quarter worth $36,000. 73.46% of the stock is currently owned by hedge funds and other 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.