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

Unity Software Inc. (NYSE:U) has received an average rating of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $22.27.

A number of brokerages have issued reports on U. Stifel Nicolaus boosted their target price on Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. 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. Benchmark raised their price objective on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research note on Friday, November 8th. Wedbush boosted their target price on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Barclays raised their price target on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th.

Unity Software Stock Performance

Shares of NYSE:U opened at $23.01 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software has a 1-year low of $13.90 and a 1-year high of $38.85. The stock has a market capitalization of $9.27 billion, a P/E ratio of -11.28 and a beta of 2.32. The business has a 50-day moving average price of $22.98 and a two-hundred day moving average price of $19.82.

Insider Buying and Selling at Unity Software

In related news, CFO Mark Barrysmith sold 8,112 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $24.38, for a total value of $197,770.56. Following the completion of the transaction, the chief financial officer now owns 454,866 shares of the company’s stock, valued at $11,089,633.08. The trade was a 1.75 % 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 stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the sale, the director now 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. Insiders have sold a total of 762,669 shares of company stock valued at $17,480,869 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 have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its position in Unity Software by 100.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after buying an additional 944,709 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of Unity Software in the 2nd quarter valued at $2,535,000. CIBC Asset Management Inc boosted its holdings in shares of Unity Software by 2,665.4% during the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock valued at $7,747,000 after acquiring an additional 330,088 shares in the last quarter. LMR Partners LLP bought a new stake in Unity Software during the 3rd quarter worth $611,000. Finally, Edgestream Partners L.P. increased its holdings in Unity Software by 637.9% in the 3rd quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock worth $2,328,000 after purchasing an additional 88,955 shares in the last quarter. 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.