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

Unity Software Inc. (NYSE:U) has been given an average recommendation of “Hold” by the eighteen analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $24.21.

A number of equities research analysts have recently issued reports on U shares. Citizens Jmp raised shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Stifel Nicolaus cut their price target on shares of Unity Software from $35.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Jefferies Financial Group reduced their price objective on Unity Software from $24.00 to $16.00 and set a “hold” rating on the stock in a research note on Monday, April 7th. Citigroup raised Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, March 11th. Finally, HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Friday, February 21st.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 83,333 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $25.44, for a total value of $2,119,991.52. Following the sale, the director now owns 3,398,146 shares in the company, valued at approximately $86,448,834.24. This represents a 2.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Alexander Blum sold 1,479 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total value of $37,359.54. Following the completion of the sale, the chief operating officer now directly owns 495,648 shares in the company, valued at approximately $12,520,068.48. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 781,785 shares of company stock worth $18,023,491 over the last 90 days. 6.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Unity Software

A number of institutional investors have recently made changes to their positions in U. Cornerstone Planning Group LLC raised its position in Unity Software by 30,300.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after buying an additional 1,212 shares during the last quarter. Anderson Financial Strategies LLC bought a new stake in shares of Unity Software in the fourth quarter worth approximately $28,000. Banque Transatlantique SA purchased a new position in shares of Unity Software during the first quarter valued at approximately $28,000. R Squared Ltd bought a new position in Unity Software during the fourth quarter valued at approximately $30,000. Finally, Principal Securities Inc. boosted its holdings in Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after purchasing an additional 477 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Stock Down 2.5%

U opened at $22.25 on Thursday. The business’s fifty day simple moving average is $20.53 and its 200 day simple moving average is $22.07. Unity Software has a 52 week low of $13.90 and a 52 week high of $30.88. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $9.25 billion, a PE ratio of -13.24 and a beta of 2.29.

Unity Software (NYSE:U) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.19. The firm had revenue of $435.00 million for the quarter, compared to analyst estimates of $415.77 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The company’s revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 EPS. As a group, research analysts expect that Unity Software will post -1.25 earnings per share for the current fiscal year.

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.