Unity Software Inc. (NYSE:U) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Unity Software Inc. (NYSE:U) have been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $23.35.

U has been the subject of a number of research reports. UBS Group increased their target price on Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Morgan Stanley upgraded shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price on the stock in a report on Tuesday, September 3rd. Wedbush increased their price target on shares of Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, Piper Sandler reissued a “neutral” rating and set a $17.00 price objective (down from $25.00) on shares of Unity Software in a research note on Friday, August 9th.

Unity Software Price Performance

Shares of NYSE:U opened at $24.01 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of -11.77 and a beta of 2.29. The firm has a fifty day moving average price of $21.06 and a 200 day moving average price of $18.59. Unity Software has a fifty-two week low of $13.90 and a fifty-two week high of $43.54.

Insider Activity

In other Unity Software news, SVP Felix The sold 30,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the sale, the senior vice president now directly owns 423,679 shares of the company’s stock, valued at approximately $7,579,617.31. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the completion of the transaction, the director now directly owns 4,248,146 shares in the company, valued at approximately $74,427,517.92. The trade was a 5.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 554,381 shares of company stock worth $10,631,723. Corporate insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Unity Software

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Unity Software by 0.8% during the first quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company’s stock valued at $703,192,000 after buying an additional 208,566 shares during the last quarter. Capital Research Global Investors grew its stake in Unity Software by 18.7% during the 1st quarter. Capital Research Global Investors now owns 8,524,448 shares of the company’s stock valued at $227,603,000 after purchasing an additional 1,342,787 shares during the last quarter. Capital International Investors increased its holdings in shares of Unity Software by 426.1% in the first quarter. Capital International Investors now owns 7,872,413 shares of the company’s stock valued at $210,193,000 after purchasing an additional 6,376,034 shares during the period. Geode Capital Management LLC raised its stake in shares of Unity Software by 9.7% in the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after purchasing an additional 413,474 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Unity Software by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock worth $37,806,000 after purchasing an additional 200,008 shares during the period. Institutional investors and hedge funds 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.