Brokerages Set Unity Software Inc. (NYSE:U) PT at $22.27

Shares of Unity Software Inc. (NYSE:U) have received an average rating of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $22.27.

A number of equities research analysts have recently commented on U shares. Macquarie upped their target price on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a report on Friday, November 8th. Needham & Company LLC lifted their price objective on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a report on Friday, November 8th. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Wells Fargo & Company assumed coverage on Unity Software in a report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price target for the company. Finally, UBS Group raised their target price on Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, October 18th.

Unity Software Price Performance

Shares of NYSE U opened at $20.96 on Friday. The stock’s 50-day simple moving average is $22.98 and its 200-day simple moving average is $19.90. The firm has a market capitalization of $8.44 billion, a PE ratio of -10.27 and a beta of 2.32. Unity Software has a fifty-two week low of $13.90 and a fifty-two week high of $37.04. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Insider Transactions at Unity Software

In other news, SVP Felix The sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the sale, the senior vice president now owns 391,960 shares of the company’s stock, valued at approximately $10,751,462.80. This trade represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the 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 owns 3,648,146 shares in the company, valued at $91,276,612.92. This trade represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 762,669 shares of company stock valued at $17,480,869. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in Unity Software by 9.7% in the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after buying an additional 413,474 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Unity Software by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock valued at $37,806,000 after purchasing an additional 200,008 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 valued at $42,662,000 after purchasing an additional 944,709 shares during the period. Primecap Management Co. CA grew its position in Unity Software by 7.1% in the 3rd quarter. Primecap Management Co. CA now owns 811,994 shares of the company’s stock worth $18,367,000 after purchasing an additional 53,541 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Unity Software by 161.3% during the second quarter. Canada Pension Plan Investment Board now owns 579,179 shares of the company’s stock valued at $9,417,000 after buying an additional 357,500 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

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.