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

Shares of Unity Software Inc. (NYSE:U) have been given a consensus recommendation of “Hold” by the sixteen research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $25.04.

A number of research analysts have recently commented on the stock. UBS Group upped their price objective on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Morgan Stanley upped their price objective on shares of Unity Software from $26.00 to $32.00 and gave the company an “overweight” 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 price objective for the company in a research report on Friday, February 21st. Benchmark raised shares of Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, 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 research report on Friday, November 8th.

Insiders Place Their Bets

In other Unity Software news, CFO Mark Barrysmith sold 1,228 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $24.44, for a total transaction of $30,012.32. Following the sale, the chief financial officer now directly owns 453,638 shares of the company’s stock, valued at approximately $11,086,912.72. This represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Alexander Blum sold 1,479 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total transaction of $37,359.54. Following the sale, the chief operating officer now directly owns 495,648 shares in the company, valued at $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. Over the last ninety days, insiders have sold 866,060 shares of company stock valued at $21,451,338. 6.30% of the stock is currently owned by insiders.

Institutional Trading of Unity Software

Several hedge funds have recently modified their holdings of U. Vanguard Group Inc. boosted its stake in Unity Software by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company’s stock valued at $699,335,000 after acquiring an additional 625,872 shares during the last quarter. Capital International Investors boosted its stake in Unity Software by 10.4% in the fourth quarter. Capital International Investors now owns 18,886,853 shares of the company’s stock valued at $424,388,000 after acquiring an additional 1,786,032 shares during the last quarter. Norges Bank bought a new position in Unity Software in the fourth quarter valued at approximately $269,320,000. Geode Capital Management LLC boosted its stake in Unity Software by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 4,769,609 shares of the company’s stock valued at $107,208,000 after acquiring an additional 84,480 shares during the last quarter. Finally, Slate Path Capital LP bought a new position in Unity Software in the fourth quarter valued at approximately $62,387,000. 73.46% of the stock is owned by institutional investors.

Unity Software Stock Down 2.3 %

U stock opened at $25.58 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software has a 52-week low of $13.90 and a 52-week high of $30.88. The company has a 50-day moving average of $22.82 and a two-hundred day moving average of $21.49. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of -15.22 and a beta of 2.32.

Unity Software (NYSE:U) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The company had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. As a group, equities research analysts anticipate that Unity Software will post -1.25 EPS 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.