Unity Software Inc. (NYSE:U) Receives $25.61 Average PT from Brokerages

Shares of Unity Software Inc. (NYSE:U) have earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $25.32.

Several equities research analysts recently issued reports on the stock. Citizens Jmp raised shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Hsbc Global Res upgraded Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. UBS Group raised their price objective on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Friday, February 21st. Finally, Morgan Stanley raised their price target on shares of Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st.

Insider Activity at Unity Software

In other Unity Software news, CAO Mark Barrysmith sold 1,362 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total value of $29,841.42. Following the sale, the chief accounting officer now directly owns 452,276 shares in the company, valued at approximately $9,909,367.16. This trade represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the transaction, the director now directly owns 3,648,146 shares of the company’s stock, valued at approximately $91,276,612.92. This trade represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 865,236 shares of company stock valued at $20,849,425 in the last quarter. Insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Unity Software

Large investors have recently made changes to their positions in the company. California State Teachers Retirement System grew its stake in shares of Unity Software by 0.4% in the fourth quarter. California State Teachers Retirement System now owns 261,740 shares of the company’s stock worth $5,881,000 after purchasing an additional 1,031 shares in the last quarter. Soviero Asset Management LP acquired a new position in shares of Unity Software during the fourth quarter valued at approximately $2,247,000. Sphera Management Technology Funds Ltd bought a new stake in Unity Software during the fourth quarter worth approximately $1,128,000. Two Sigma Advisers LP acquired a new stake in Unity Software in the fourth quarter worth approximately $494,000. Finally, Two Sigma Investments LP bought a new position in Unity Software during the 4th quarter valued at $22,999,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Trading Up 3.0 %

Shares of U opened at $20.18 on Wednesday. Unity Software has a 12 month low of $13.90 and a 12 month high of $30.88. The stock’s 50-day moving average is $22.50 and its two-hundred day moving average is $22.32. 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 stock has a market cap of $8.27 billion, a PE ratio of -12.01 and a beta of 2.27.

Unity Software (NYSE:U) last released its quarterly 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 for the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. Equities analysts forecast that Unity Software will post -1.25 earnings per share for the current fiscal 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.