Unity Software Inc. (NYSE:U) Receives $23.35 Average Target Price from Analysts

Unity Software Inc. (NYSE:U) has received an average recommendation of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $22.21.

Several equities analysts recently weighed in on U shares. Needham & Company LLC increased their price objective on shares of Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a report on Friday, November 8th. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Benchmark raised their price target on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research report on Friday, November 8th. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Finally, UBS Group raised their target price on Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, October 18th.

Unity Software Stock Performance

Shares of NYSE:U opened at $22.34 on Monday. Unity Software has a 1-year low of $13.90 and a 1-year high of $43.54. The business has a 50-day moving average price of $22.32 and a two-hundred day moving average price of $19.16. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $9.00 billion, a P/E ratio of -10.95 and a beta of 2.33.

Insider Activity

In related news, SVP Felix The sold 11,719 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $24.39, for a total value of $285,826.41. Following the completion of the transaction, the senior vice president now directly owns 411,960 shares of the company’s stock, valued at approximately $10,047,704.40. This represents a 2.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark Barrysmith sold 1,228 shares of Unity Software stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $24.44, for a total value of $30,012.32. Following the completion of the sale, the chief financial officer now directly owns 453,638 shares in the company, valued at $11,086,912.72. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 512,669 shares of company stock worth $11,225,869 in the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Unity Software

Several institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Unity Software by 100.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after buying an additional 944,709 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Unity Software in the third quarter valued at about $12,317,000. Van ECK Associates Corp raised its holdings in Unity Software by 35.0% during the second quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company’s stock worth $31,805,000 after acquiring an additional 507,274 shares in the last quarter. Monolith Management Ltd acquired a new position in Unity Software during the third quarter valued at approximately $10,993,000. Finally, Weiss Asset Management LP acquired a new position in Unity Software during the third quarter valued at approximately $10,335,000. Institutional investors 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.