Analysts Set Unity Software Inc. (NYSE:U) Price Target at $37.03

Unity Software Inc. (NYSE:U) has earned a consensus recommendation of “Hold” from the twenty-one research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $37.03.

A number of analysts have recently weighed in on U shares. Piper Sandler upgraded shares of Unity Software from an “underweight” rating to a “neutral” rating and dropped their target price for the stock from $35.00 to $30.00 in a report on Tuesday, February 27th. Macquarie cut Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 target price on the stock. in a research note on Monday, February 12th. Wedbush reaffirmed an “outperform” rating and issued a $33.50 price target on shares of Unity Software in a research note on Thursday, May 2nd. Barclays decreased their price objective 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. Finally, Stifel Nicolaus lifted their price objective on Unity Software from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, March 1st.

Insiders Place Their Bets

In other Unity Software news, CMO Carol W. Carpenter sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $24.18, for a total transaction of $48,360.00. Following the completion of the sale, the chief marketing officer now directly owns 442,617 shares in the company, valued at approximately $10,702,479.06. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Felix The sold 4,374 shares of Unity Software stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.55, for a total transaction 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Carol W. Carpenter sold 2,000 shares of Unity Software stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $24.18, for a total value of $48,360.00. Following the transaction, the chief marketing officer now owns 442,617 shares in the company, valued at $10,702,479.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 338,917 shares of company stock valued at $9,460,820. 6.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd bought a new position in shares of Unity Software during the fourth quarter worth $27,000. GAMMA Investing LLC purchased a new position in shares of Unity Software in the fourth quarter valued at $28,000. Pacifica Partners Inc. bought a new stake in Unity Software in the fourth quarter worth $33,000. Huntington National Bank lifted its position in Unity Software by 665.0% during the third quarter. Huntington National Bank now owns 895 shares of the company’s stock valued at $28,000 after purchasing an additional 778 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of Unity Software in the 4th quarter worth $37,000. 73.46% of the stock is currently owned by institutional investors.

Unity Software Stock Down 0.6 %

Shares of NYSE:U opened at $25.33 on Friday. The stock has a market capitalization of $9.78 billion, a P/E ratio of -11.73 and a beta of 2.40. The stock’s 50-day moving average price is $25.93 and its 200-day moving average price is $30.27. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.85. Unity Software has a 12-month low of $22.20 and a 12-month high of $50.08.

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