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

Shares of Unity Software Inc. (NYSE:U) have been given an average rating of “Moderate Buy” by the eighteen analysts that are covering the firm, Marketbeat Ratings reports. Ten research 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 target among brokerages that have issued a report on the stock in the last year is $25.61.

Several brokerages have recently weighed in on U. HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Friday, February 21st. Citigroup raised Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, March 11th. Macquarie started coverage on shares of Unity Software in a research report on Monday, March 10th. They issued a “neutral” rating and a $24.00 target price for the company. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $27.00 price target on shares of Unity Software in a report on Thursday, February 13th.

Insider Buying and Selling

In other news, COO Alexander Blum sold 1,479 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total transaction of $37,359.54. Following the completion of the transaction, the chief operating officer now directly owns 495,648 shares of the company’s stock, valued at approximately $12,520,068.48. This represents a 0.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Mark Barrysmith sold 1,445 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $20.61, for a total value of $29,781.45. Following the completion of the transaction, the chief accounting officer now owns 483,417 shares of the company’s stock, valued at $9,963,224.37. The trade was a 0.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 865,236 shares of company stock worth $20,849,425 over the last 90 days. 6.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Unity Software by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company’s stock valued at $699,335,000 after purchasing an additional 625,872 shares during the last quarter. Capital International Investors raised its holdings in shares of Unity Software by 10.4% in the fourth quarter. Capital International Investors now owns 18,886,853 shares of the company’s stock worth $424,388,000 after acquiring an additional 1,786,032 shares during the last quarter. Norges Bank purchased a new stake in Unity Software during the 4th quarter worth about $269,320,000. Geode Capital Management LLC lifted its holdings in Unity Software by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 4,769,609 shares of the company’s stock valued at $107,208,000 after purchasing an additional 84,480 shares in the last quarter. Finally, Slate Path Capital LP purchased a new stake in shares of Unity Software during the fourth quarter worth about $62,387,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Price Performance

Shares of NYSE:U opened at $20.52 on Wednesday. The company’s 50 day moving average is $22.58 and its 200 day moving average is $22.24. The company has a market cap of $8.41 billion, a PE ratio of -12.21 and a beta of 2.27. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software has a twelve month low of $13.90 and a twelve month high of $30.88.

Unity Software (NYSE:U) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating 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 company had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. On average, sell-side analysts forecast that Unity Software will post -1.25 EPS for the current year.

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.