Unity Software Inc. (NYSE:U) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Unity Software Inc. (NYSE:U) have been given an average recommendation of “Hold” by the twenty-two research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $34.79.

Several brokerages have recently weighed in on U. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research report on Friday, May 10th. The Goldman Sachs Group lowered their target price on Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Barclays cut their price target on Unity Software from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Citigroup decreased their price objective on Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $31.00 target price on shares of Unity Software in a research note on Friday, May 10th.

Unity Software Trading Up 2.8 %

Shares of NYSE U opened at $15.97 on Monday. Unity Software has a twelve month low of $15.23 and a twelve month high of $50.08. The firm has a market cap of $6.24 billion, a PE ratio of -7.13 and a beta of 2.28. The business has a fifty day simple moving average of $20.83 and a two-hundred day simple moving average of $28.21. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.13. Unity Software had a negative return on equity of 7.73% and a negative net margin of 40.11%. The firm had revenue of $460.38 million during the quarter, compared to the consensus estimate of $422.53 million. Analysts expect that Unity Software will post -1.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Unity Software

In other news, CMO Carol W. Carpenter sold 2,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $26.58, for a total transaction of $53,160.00. Following the sale, the chief marketing officer now directly owns 444,617 shares of the company’s stock, valued at $11,817,919.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CMO Carol W. Carpenter sold 2,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $26.58, for a total value of $53,160.00. Following the completion of the transaction, the chief marketing officer now directly owns 444,617 shares in the company, valued at $11,817,919.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Marc Whitten sold 31,466 shares of Unity Software stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $19.10, for a total value of $601,000.60. Following the sale, the insider now directly owns 958,241 shares of the company’s stock, valued at approximately $18,302,403.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 246,170 shares of company stock worth $4,860,412. 6.30% of the stock is owned by corporate insiders.

Institutional Trading of Unity Software

Large investors have recently made changes to their positions in the business. Cetera Advisors LLC purchased a new position in shares of Unity Software during the first quarter worth $2,747,000. Cetera Investment Advisers grew its position in Unity Software by 346.5% during the 1st quarter. Cetera Investment Advisers now owns 119,938 shares of the company’s stock worth $3,202,000 after purchasing an additional 93,078 shares during the period. PGGM Investments purchased a new position in shares of Unity Software during the 1st quarter valued at about $693,000. Virtu Financial LLC acquired a new position in shares of Unity Software in the 1st quarter valued at about $1,147,000. Finally, EMC Capital Management boosted its stake in shares of Unity Software by 100.0% in the first quarter. EMC Capital Management now owns 5,000 shares of the company’s stock worth $130,000 after buying an additional 2,500 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.