Unity Software Inc. (NYSE:U) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Unity Software Inc. (NYSE:U) have been given an average rating of “Moderate Buy” by the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $25.61.

U has been the topic of several recent analyst reports. Barclays boosted their target price on shares of Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Macquarie started coverage on Unity Software in a research report on Monday, March 10th. They issued a “neutral” rating and a $24.00 price objective for the company. UBS Group increased their price objective on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Hsbc Global Res upgraded shares of Unity Software to a “strong-buy” rating in a research report on Friday, February 21st. Finally, Benchmark raised shares of Unity Software from a “sell” rating to a “hold” rating in a report on Thursday, February 20th.

Insider Buying and Selling

In other news, SVP Anirma Gupta sold 31,948 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $25.23, for a total value of $806,048.04. Following the sale, the senior vice president now directly owns 542,942 shares of the company’s stock, valued at approximately $13,698,426.66. This represents a 5.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total value of $6,255,000.00. Following the transaction, the director now directly owns 3,648,146 shares in the company, valued at $91,276,612.92. The trade was a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 865,236 shares of company stock worth $20,849,425. 6.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in U. Norges Bank bought a new stake in Unity Software during the fourth quarter worth about $269,320,000. Slate Path Capital LP acquired a new position in Unity Software in the 4th quarter valued at approximately $62,387,000. Capital International Investors lifted its holdings in Unity Software by 10.4% during the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company’s stock worth $424,388,000 after buying an additional 1,786,032 shares during the period. Ameriprise Financial Inc. boosted its holdings in Unity Software by 3,843.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,769,948 shares of the company’s stock valued at $39,771,000 after acquiring an additional 1,725,070 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Unity Software by 366.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company’s stock worth $43,505,000 after buying an additional 1,521,165 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Unity Software Trading Up 0.6 %

Shares of U opened at $22.87 on Wednesday. The stock’s 50-day moving average price is $22.60 and its 200 day moving average price is $22.22. 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 capitalization of $9.37 billion, a price-to-earnings ratio of -13.61 and a beta of 2.27. Unity Software has a 12-month low of $13.90 and a 12-month high of $30.88.

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

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.