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

Shares of Unity Software Inc. (NYSE:U) have received a consensus recommendation of “Hold” from the sixteen analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $23.35.

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Unity Software in a report on Monday, October 28th. They set an “equal weight” rating and a $20.00 price objective for the company. Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a report on Tuesday, September 3rd. Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. The Goldman Sachs Group decreased their price target on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Barclays raised their price objective on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th.

Unity Software Price Performance

Unity Software stock opened at $21.64 on Thursday. The stock’s 50 day moving average is $20.84 and its 200 day moving average is $18.67. Unity Software has a one year low of $13.90 and a one year high of $43.54. 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 firm has a market cap of $8.72 billion, a P/E ratio of -10.61 and a beta of 2.29.

Insider Activity

In other Unity Software news, Director Shlomo Dovrat sold 3,750 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $17.99, for a total value of $67,462.50. Following the sale, the director now directly owns 2,394,935 shares in the company, valued at $43,084,880.65. This trade represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the completion of the transaction, the director now directly owns 4,248,146 shares of the company’s stock, valued at $74,427,517.92. This trade represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 534,550 shares of company stock valued at $10,148,127 in the last 90 days. Company insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Unity Software by 343.8% in 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 in the last quarter. Planning Capital Management Corp purchased a new stake in shares of Unity Software in the third quarter valued at $34,000. Northwestern Mutual Wealth Management Co. increased its position in Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after purchasing an additional 1,389 shares in the last quarter. Brooklyn Investment Group acquired a new position in Unity Software in the 3rd quarter valued at about $43,000. Finally, Blue Trust Inc. boosted its position in Unity Software by 308.8% during the second quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock worth $51,000 after acquiring an additional 2,359 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

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.