Unity Software Inc. (NYSE:U) Receives $22.27 Average PT from Analysts

Shares of Unity Software Inc. (NYSE:U) have earned an average rating of “Hold” from the fifteen ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $22.27.

U has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price target on shares of Unity Software from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Benchmark increased their price target on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research note on Friday, November 8th. Wedbush boosted their price objective on Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Oppenheimer restated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Finally, Barclays lifted their target price on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th.

Insider Activity

In other Unity Software news, Director Shlomo Dovrat sold 3,750 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $17.99, for a total value of $67,462.50. Following the completion of the sale, the director now owns 2,394,935 shares in the company, valued at $43,084,880.65. This represents a 0.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the transaction, the director now owns 4,248,146 shares in the company, valued at approximately $74,427,517.92. This represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 762,669 shares of company stock worth $17,480,869 over the last 90 days. 6.30% of the stock is owned by company insiders.

Institutional Trading of Unity Software

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its stake in shares of Unity Software by 100.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after acquiring an additional 944,709 shares in the last quarter. Magnetar Financial LLC acquired a new position in Unity Software during the second quarter valued at approximately $2,535,000. CIBC Asset Management Inc raised its position in shares of Unity Software by 2,665.4% in the third quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock valued at $7,747,000 after purchasing an additional 330,088 shares during the period. LMR Partners LLP acquired a new stake in shares of Unity Software in the third quarter worth $611,000. Finally, Edgestream Partners L.P. boosted its holdings in shares of Unity Software by 637.9% during the 3rd quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock worth $2,328,000 after buying an additional 88,955 shares during the period. 73.46% of the stock is owned by institutional investors.

Unity Software Price Performance

Shares of NYSE U opened at $20.96 on Friday. The stock has a market cap of $8.44 billion, a P/E ratio of -10.27 and a beta of 2.32. The firm’s 50-day simple moving average is $22.98 and its 200 day simple moving average is $19.90. Unity Software has a fifty-two week low of $13.90 and a fifty-two week high of $37.04. 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 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.