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

Unity Software Inc. (NYSE:U – Get Rating) has earned an average recommendation of “Hold” from the eighteen research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $40.64.

U has been the subject of a number of research reports. Barclays lowered their price target on Unity Software from $32.00 to $31.00 in a research report on Thursday, May 11th. Piper Sandler boosted their price target on Unity Software from $33.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, February 23rd. Needham & Company LLC reissued a “buy” rating and set a $44.00 price target on shares of Unity Software in a research report on Friday, April 14th. The Goldman Sachs Group upped their target price on Unity Software from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 15th. Finally, Citigroup decreased their target price on Unity Software from $54.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, February 27th.

Unity Software Stock Performance

NYSE U opened at $29.10 on Friday. Unity Software has a fifty-two week low of $21.22 and a fifty-two week high of $58.63. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of -9.64 and a beta of 2.16. The business has a fifty day moving average of $28.88 and a 200-day moving average of $31.20. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.78.

Unity Software (NYSE:U – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.24). The business had revenue of $450.97 million during the quarter, compared to analysts’ expectations of $433.25 million. Unity Software had a negative net margin of 63.42% and a negative return on equity of 23.63%. As a group, analysts predict that Unity Software will post -1.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Luis Felipe Visoso sold 6,523 shares of the stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $30.30, for a total value of $197,646.90. Following the completion of the transaction, the chief financial officer now directly owns 732,215 shares of the company’s stock, valued at approximately $22,186,114.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Unity Software news, insider Tomer Bar-Zeev sold 37,500 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $32.13, for a total transaction of $1,204,875.00. Following the completion of the transaction, the insider now directly owns 1,763,959 shares of the company’s stock, valued at approximately $56,676,002.67. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Luis Felipe Visoso sold 6,523 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $30.30, for a total value of $197,646.90. Following the transaction, the chief financial officer now directly owns 732,215 shares of the company’s stock, valued at $22,186,114.50. The disclosure for this sale can be found here. Insiders sold 155,328 shares of company stock valued at $4,926,866 in the last three months. 6.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Unity Software

Hedge funds have recently modified their holdings of the stock. Credit Suisse AG boosted its position in shares of Unity Software by 19.7% in the third quarter. Credit Suisse AG now owns 711,992 shares of the company’s stock worth $22,683,000 after buying an additional 117,106 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Unity Software by 16.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,623 shares of the company’s stock worth $1,231,000 after buying an additional 5,535 shares during the period. Eudaimonia Partners LLC boosted its position in shares of Unity Software by 3.2% in the third quarter. Eudaimonia Partners LLC now owns 12,488 shares of the company’s stock worth $398,000 after buying an additional 388 shares during the period. Ontario Teachers Pension Plan Board boosted its position in shares of Unity Software by 50.1% in the third quarter. Ontario Teachers Pension Plan Board now owns 14,132 shares of the company’s stock worth $450,000 after buying an additional 4,720 shares during the period. Finally, Ensign Peak Advisors Inc boosted its position in shares of Unity Software by 55.3% in the third quarter. Ensign Peak Advisors Inc now owns 78,026 shares of the company’s stock worth $2,487,000 after buying an additional 27,800 shares during the period. 82.50% of the stock is currently owned by institutional investors and hedge funds.

About Unity Software

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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.