Unity Software Inc. (NYSE:U) Receives $25.04 Consensus Target Price from Analysts

Unity Software Inc. (NYSE:U) has received a consensus rating of “Hold” from the sixteen research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $25.04.

Several analysts recently commented on the company. Hsbc Global Res upgraded Unity Software to a “strong-buy” rating in a research report on Friday, February 21st. HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Friday, February 21st. Morgan Stanley raised their price target on shares of Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Wells Fargo & Company upped their price objective on shares of Unity Software from $20.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Finally, Macquarie increased 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.

Unity Software Stock Up 2.8 %

Shares of NYSE U opened at $25.42 on Friday. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of -15.13 and a beta of 2.27. The company’s 50-day simple moving average is $22.94 and its 200-day simple moving average is $21.70. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software has a 52-week low of $13.90 and a 52-week high of $30.88.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The company had revenue of $457.10 million for the quarter, compared to analysts’ expectations of $433.47 million. Equities analysts predict that Unity Software will post -1.25 EPS for the current fiscal year.

Insider Activity at Unity Software

In other Unity Software news, Director David Helgason sold 38,924 shares of Unity Software stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $26.92, for a total value of $1,047,834.08. Following the completion of the transaction, the director now directly owns 7,828,494 shares of the company’s stock, valued at $210,743,058.48. The trade was a 0.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Felix The sold 20,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $27.43, for a total transaction of $548,600.00. Following the sale, the senior vice president now owns 391,960 shares in the company, valued at $10,751,462.80. This trade represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 892,397 shares of company stock worth $21,596,219. Insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its holdings in Unity Software by 1,787.9% in the third quarter. International Assets Investment Management LLC now owns 14,839 shares of the company’s stock valued at $336,000 after purchasing an additional 14,053 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Unity Software by 13.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 30,568 shares of the company’s stock valued at $691,000 after buying an additional 3,727 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Unity Software by 996.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 16,450 shares of the company’s stock valued at $372,000 after buying an additional 14,950 shares during the period. First Trust Direct Indexing L.P. acquired a new position in shares of Unity Software during the third quarter worth about $242,000. Finally, US Bancorp DE increased its stake in shares of Unity Software by 159.7% during the third quarter. US Bancorp DE now owns 13,257 shares of the company’s stock worth $300,000 after buying an additional 8,152 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.