Unity Software Inc. (NYSE:U) Receives $22.81 Consensus Price Target from Analysts

Unity Software Inc. (NYSE:U) has been assigned a consensus rating of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $22.81.

Several analysts have recently weighed in on U shares. Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Barclays raised their price target on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Morgan Stanley upped their price objective on shares of Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. JMP Securities restated a “market perform” rating on shares of Unity Software in a report on Monday. Finally, UBS Group increased their price objective on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd.

Unity Software Price Performance

Shares of Unity Software stock opened at $21.20 on Tuesday. The stock has a 50 day moving average price of $23.41 and a 200-day moving average price of $20.61. Unity Software has a one year low of $13.90 and a one year high of $35.56. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of -10.39 and a beta of 2.32. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.08. The company had revenue of $446.52 million during the quarter, compared to analysts’ expectations of $428.01 million. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. During the same quarter in the previous year, the business earned ($0.12) EPS. Equities analysts expect that Unity Software will post -1.72 EPS for the current year.

Insider Buying and Selling at Unity Software

In other Unity Software news, SVP Felix The sold 11,719 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $24.39, for a total transaction of $285,826.41. Following the completion of the transaction, the senior vice president now directly owns 411,960 shares in the company, valued at approximately $10,047,704.40. This represents a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated 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 completion of the sale, the director now owns 4,248,146 shares in the company, valued at approximately $74,427,517.92. This trade represents a 5.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 931,154 shares of company stock worth $21,019,520. Insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

Several large investors have recently made changes to their positions in U. Geode Capital Management LLC lifted its position in Unity Software by 9.7% during the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after buying an additional 413,474 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Unity Software by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,958,400 shares of the company’s stock valued at $44,005,000 after purchasing an additional 72,384 shares during the period. Primecap Management Co. CA raised its stake in Unity Software by 7.1% during the third quarter. Primecap Management Co. CA now owns 811,994 shares of the company’s stock worth $18,367,000 after purchasing an additional 53,541 shares during the period. Erste Asset Management GmbH acquired a new position in Unity Software in the 3rd quarter valued at about $12,317,000. Finally, Monolith Management Ltd purchased a new position in Unity Software in the third quarter worth approximately $10,993,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

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.