Unity Software Inc. (NYSE:U) Receives $23.35 Average Price Target from Brokerages

Shares of Unity Software Inc. (NYSE:U) have been given an average recommendation of “Hold” by the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $23.35.

Several brokerages have issued reports on U. Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a research note on Tuesday, September 3rd. Wedbush boosted their target price on shares of Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. JMP Securities restated a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Macquarie upped their price objective on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a report on Friday, November 8th. Finally, Oppenheimer restated a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th.

Insider Transactions at Unity Software

In other Unity Software news, Director David Helgason sold 250,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the transaction, the director now owns 8,201,851 shares in the company, valued at $168,876,112.09. This trade represents a 2.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shlomo Dovrat sold 3,750 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $17.99, for a total transaction of $67,462.50. Following the completion of the sale, the director now directly owns 2,394,935 shares in the company, valued at approximately $43,084,880.65. The trade was a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 534,550 shares of company stock worth $10,148,127 over the last quarter. Corporate insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

Institutional investors and hedge funds have recently modified their holdings of the business. Magnetar Financial LLC bought a new position in shares of Unity Software during the 2nd quarter valued at about $2,535,000. CIBC Asset Management Inc grew its position in Unity Software by 2,665.4% during the third quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock valued at $7,747,000 after acquiring an additional 330,088 shares during the last quarter. Vanguard Group Inc. raised its stake 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 worth $703,192,000 after acquiring an additional 208,566 shares in the last quarter. LMR Partners LLP bought a new stake in shares of Unity Software in the 3rd quarter worth approximately $611,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Unity Software by 187.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 353,516 shares of the company’s stock valued at $9,440,000 after purchasing an additional 230,696 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Price Performance

Shares of U opened at $23.53 on Thursday. The business has a 50-day moving average of $20.98 and a 200-day moving average of $18.63. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The company has a market capitalization of $9.48 billion, a price-to-earnings ratio of -11.53 and a beta of 2.29. Unity Software has a 1 year low of $13.90 and a 1 year high of $43.54.

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.