Unity Software Inc. (NYSE:U) Receives $37.03 Consensus PT from Brokerages

Shares of Unity Software Inc. (NYSE:U) have earned an average recommendation of “Hold” from the twenty-one brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $37.03.

Several brokerages have recently issued reports on U. Needham & Company LLC decreased their price objective on Unity Software from $40.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Citigroup lowered their target price on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Piper Sandler raised Unity Software from an “underweight” rating to a “neutral” rating and decreased their price target for the stock from $35.00 to $30.00 in a report on Tuesday, February 27th. Stifel Nicolaus raised their target price on Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Wedbush reiterated an “outperform” rating and issued a $33.50 price target on shares of Unity Software in a research note on Thursday, May 2nd.

Unity Software Trading Down 0.6 %

Shares of Unity Software stock opened at $25.33 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60. The stock’s 50 day simple moving average is $25.93 and its 200-day simple moving average is $30.27. The stock has a market cap of $9.78 billion, a P/E ratio of -11.73 and a beta of 2.40. Unity Software has a 1-year low of $22.20 and a 1-year high of $50.08.

Unity Software (NYSE:U) last posted its quarterly earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.89). The firm had revenue of $609.27 million during the quarter, compared to analysts’ expectations of $551.01 million. Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The business’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the company earned ($0.50) EPS. Analysts predict that Unity Software will post -0.63 EPS for the current fiscal year.

Insider Buying and Selling at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total value of $6,647,500.00. Following the sale, the director now directly owns 4,498,146 shares in the company, valued at approximately $119,605,702.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Anirma Gupta sold 1,037 shares of Unity Software stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $24.42, for a total transaction of $25,323.54. Following the completion of the transaction, the senior vice president now directly owns 386,706 shares in the company, valued at approximately $9,443,360.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total value of $6,647,500.00. Following the completion of the sale, the director now owns 4,498,146 shares in the company, valued at approximately $119,605,702.14. The disclosure for this sale can be found here. Insiders have sold 338,917 shares of company stock valued at $9,460,820 in the last 90 days. 6.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its position in shares of Unity Software by 245.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after acquiring an additional 700 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Unity Software during the 4th quarter worth approximately $27,000. Huntington National Bank boosted its position in Unity Software by 665.0% in the third quarter. Huntington National Bank now owns 895 shares of the company’s stock valued at $28,000 after buying an additional 778 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Unity Software during the fourth quarter worth $28,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Unity Software by 2,429.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after acquiring an additional 996 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

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.