Analysts Set Unity Software Inc. (NYSE:U) Target Price at $23.35

Unity Software Inc. (NYSE:U) has received an average rating of “Hold” from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $22.21.

U has been the subject of several recent analyst reports. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Stifel Nicolaus upped their price target on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Macquarie increased their price objective on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Friday, November 8th. Benchmark lifted their target price on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company began coverage on shares of Unity Software in a research report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price target for the company.

Insider Buying and Selling

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the completion of the transaction, the director now owns 4,248,146 shares of the company’s stock, valued at $74,427,517.92. This represents a 5.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark Barrysmith sold 1,228 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $24.44, for a total value of $30,012.32. Following the completion of the sale, the chief financial officer now owns 453,638 shares in the company, valued at approximately $11,086,912.72. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 512,669 shares of company stock valued at $11,225,869. 6.30% of the stock is owned by company insiders.

Institutional Trading of Unity Software

Several hedge funds have recently modified their holdings of U. GAMMA Investing LLC lifted its position in Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after buying an additional 949 shares in the last quarter. Planning Capital Management Corp acquired a new position in shares of Unity Software during the third quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Unity Software by 163.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after purchasing an additional 1,389 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Unity Software in the third quarter valued at approximately $43,000. Finally, Blue Trust Inc. raised its position in Unity Software by 308.8% in the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock worth $51,000 after purchasing an additional 2,359 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Stock Performance

Shares of U opened at $22.34 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The firm’s 50 day moving average is $22.32 and its 200-day moving average is $19.16. Unity Software has a 12-month low of $13.90 and a 12-month high of $43.54. The stock has a market capitalization of $9.00 billion, a P/E ratio of -10.95 and a beta of 2.33.

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.