Unity Software Inc. (NYSE:U) Given Consensus Rating of “Moderate Buy” by Analysts

Unity Software Inc. (NYSE:U) has earned an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $25.61.

A number of analysts have issued reports on U shares. Barclays raised their target price on Unity Software from $18.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Citizens Jmp raised shares of Unity Software from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Needham & Company LLC upped their price target on shares of Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Benchmark upgraded Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Macquarie began coverage on Unity Software in a research report on Monday, March 10th. They issued a “neutral” rating and a $24.00 price target for the company.

Insider Buying and Selling at Unity Software

In related news, COO Alexander Blum sold 1,479 shares of Unity Software stock in a transaction that occurred on 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. The trade was a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mark Barrysmith sold 1,362 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total value of $29,841.42. Following the transaction, the chief accounting officer now directly owns 452,276 shares of the company’s stock, valued at $9,909,367.16. This represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 865,236 shares of company stock worth $20,849,425. 6.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Unity Software during the fourth quarter valued at approximately $269,320,000. Slate Path Capital LP bought a new stake in Unity Software in the fourth quarter worth $62,387,000. Capital International Investors increased its holdings in shares of Unity Software by 10.4% during 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 in the last quarter. Ameriprise Financial Inc. raised its position in shares of Unity Software by 3,843.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,769,948 shares of the company’s stock worth $39,771,000 after purchasing an additional 1,725,070 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Unity Software by 366.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company’s stock worth $43,505,000 after buying an additional 1,521,165 shares in the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

Unity Software Stock Up 0.6 %

Shares of NYSE:U opened at $22.87 on Wednesday. Unity Software has a 12-month low of $13.90 and a 12-month high of $30.88. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of -13.61 and a beta of 2.27. The business’s 50 day moving average is $22.60 and its 200 day moving average is $22.22.

Unity Software (NYSE:U) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. On average, sell-side analysts forecast that Unity Software will post -1.25 earnings per share for the current fiscal year.

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.