Unity Software (NYSE:U) Earns Neutral Rating from Analysts at Macquarie

Investment analysts at Macquarie assumed coverage on shares of Unity Software (NYSE:U) in a research report issued on Monday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $24.00 price target on the stock. Macquarie’s price objective points to a potential upside of 14.37% from the stock’s previous close.

U has been the topic of a number of other reports. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Hsbc Global Res raised shares of Unity Software to a “strong-buy” rating in a report on Friday, February 21st. Benchmark raised shares of Unity Software from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. UBS Group boosted their target price on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Jefferies Financial Group increased their price target on shares of Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.61.

Unity Software Price Performance

U opened at $20.99 on Monday. Unity Software has a twelve month low of $13.90 and a twelve month high of $30.88. 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 firm has a market cap of $8.60 billion, a price-to-earnings ratio of -12.49 and a beta of 2.27. The company has a fifty day simple moving average of $22.90 and a 200 day simple moving average of $21.88.

Unity Software (NYSE:U) last announced its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The business had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Equities research analysts expect that Unity Software will post -1.25 EPS for the current fiscal year.

Insider Transactions at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 236,337 shares of Unity Software stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the sale, the director now owns 3,161,809 shares of the company’s stock, valued at $75,630,471.28. The trade was a 6.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Barrysmith sold 1,228 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $24.44, for a total value of $30,012.32. Following the transaction, the chief financial officer now owns 453,638 shares of the company’s stock, valued at $11,086,912.72. This trade represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 864,537 shares of company stock worth $20,839,722. Insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Unity Software

Large investors have recently bought and sold shares of the stock. Anderson Financial Strategies LLC bought a new position in shares of Unity Software in the fourth quarter valued at approximately $28,000. R Squared Ltd acquired a new stake in Unity Software in the fourth quarter worth approximately $30,000. Principal Securities Inc. boosted its stake in Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after purchasing an additional 477 shares in the last quarter. Planning Capital Management Corp acquired a new position in shares of Unity Software during the 3rd quarter valued at $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Unity Software in the 4th quarter worth $36,000. Institutional investors and hedge funds 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.