Unity Software Inc. (NYSE:U) Receives Average Rating of “Hold” from Analysts

Shares of Unity Software Inc. (NYSE:U) have earned an average rating of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $24.21.

A number of research firms have recently weighed in on U. Needham & Company LLC dropped their target price on Unity Software from $31.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, August 9th. The Goldman Sachs Group cut their target price on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a research report on Friday, August 9th. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. Piper Sandler restated a “neutral” rating and issued a $17.00 price objective (down from $25.00) on shares of Unity Software in a report on Friday, August 9th. Finally, Benchmark lowered their target price on shares of Unity Software from $16.00 to $10.00 and set a “sell” rating for the company in a report on Friday, August 9th.

Unity Software Trading Down 0.1 %

Shares of Unity Software stock opened at $21.18 on Wednesday. The firm has a market capitalization of $8.41 billion, a PE ratio of -9.46 and a beta of 2.28. The company’s fifty day moving average price is $18.01 and its two-hundred day moving average price is $19.63. Unity Software has a 52-week low of $13.90 and a 52-week high of $43.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.12. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The company had revenue of $449.30 million during the quarter, compared to analyst estimates of $438.37 million. During the same quarter last year, the business posted ($0.26) earnings per share. The company’s revenue was down 15.8% on a year-over-year basis. On average, analysts expect that Unity Software will post -1.86 EPS for the current year.

Insider Activity at Unity Software

In other news, Director David Helgason sold 250,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the sale, the director now owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Anirma Gupta sold 1,506 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $16.73, for a total transaction of $25,195.38. Following the completion of the transaction, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at $6,851,604.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Helgason sold 250,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the sale, the director now directly owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 283,906 shares of company stock worth $5,753,611. 6.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Unity Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in U. Capital Research Global Investors boosted its stake in shares of Unity Software by 510.2% during the 4th quarter. Capital Research Global Investors now owns 7,181,661 shares of the company’s stock worth $293,658,000 after buying an additional 6,004,655 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Unity Software in the first quarter valued at approximately $3,878,000. Magnetar Financial LLC acquired a new position in shares of Unity Software during the 2nd quarter worth approximately $2,535,000. Vanguard Group Inc. raised its stake in shares of Unity Software by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company’s stock worth $703,192,000 after purchasing an additional 208,566 shares in the last quarter. Finally, Seven Eight Capital LP boosted its holdings in shares of Unity Software by 84.4% in the 4th quarter. Seven Eight Capital LP now owns 180,844 shares of the company’s stock valued at $7,395,000 after buying an additional 82,796 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

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.