Unity Software Inc. (NYSE:U) Receives Average Rating of “Hold” from Brokerages

Shares of Unity Software Inc. (NYSE:U) have been given an average recommendation of “Hold” by the twenty-one brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $37.03.

Several equities research analysts have recently commented on the stock. Macquarie downgraded shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price objective for the company. in a research note on Monday, February 12th. Barclays reduced their target price on shares of Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, February 27th. Citigroup decreased their price objective on Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Wedbush reaffirmed an “outperform” rating and set a $33.50 target price on shares of Unity Software in a report on Thursday, May 2nd. Finally, Stifel Nicolaus boosted their price target on Unity Software from $32.00 to $35.00 and gave the company a “buy” rating in a report on Friday, March 1st.

Unity Software Stock Up 0.2 %

Shares of U stock opened at $24.16 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60. The company has a market cap of $9.32 billion, a price-to-earnings ratio of -11.15 and a beta of 2.40. The stock’s fifty day moving average price is $25.72 and its 200 day moving average price is $30.21. Unity Software has a 1-year low of $22.20 and a 1-year high of $50.08.

Unity Software (NYSE:U) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.89). The company had revenue of $609.27 million during the quarter, compared to analysts’ expectations of $551.01 million. Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.50) earnings per share. On average, research analysts expect that Unity Software will post -0.63 earnings per share for the current fiscal year.

Insider Activity at Unity Software

In other Unity Software news, SVP Felix The sold 4,374 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $32.55, for a total value of $142,373.70. Following the transaction, the senior vice president now owns 298,948 shares in the company, valued at approximately $9,730,757.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Anirma Gupta sold 1,037 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $24.42, for a total value of $25,323.54. Following the completion of the sale, the senior vice president now owns 386,706 shares of the company’s stock, valued at $9,443,360.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Felix The sold 4,374 shares of Unity Software stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $32.55, for a total transaction of $142,373.70. Following the transaction, the senior vice president now directly owns 298,948 shares in the company, valued at $9,730,757.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 338,917 shares of company stock valued at $9,460,820. 6.30% of the stock is owned by corporate insiders.

Institutional Trading of Unity Software

Several hedge funds have recently made changes to their positions in the company. Tradewinds Capital Management LLC raised its holdings in Unity Software by 245.6% in the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock valued at $26,000 after buying an additional 700 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Unity Software in the 4th quarter valued at approximately $27,000. Huntington National Bank lifted its holdings in shares of Unity Software by 665.0% in the 3rd quarter. Huntington National Bank now owns 895 shares of the company’s stock worth $28,000 after acquiring an additional 778 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Unity Software during the 4th quarter worth approximately $28,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Unity Software by 2,429.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after purchasing an additional 996 shares during the last quarter. Hedge funds and other institutional investors 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.