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

Shares of Unity Software Inc. (NYSE:U) have been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $25.04.

Several equities analysts have issued reports on U shares. Wells Fargo & Company lifted their target price on Unity Software from $20.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Morgan Stanley boosted their price objective on shares of Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Hsbc Global Res upgraded shares of Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. Finally, Macquarie upped their price target on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th.

Insider Buying and Selling at Unity Software

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the completion of the transaction, the director now owns 3,648,146 shares of the company’s stock, valued at $91,276,612.92. This trade represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mark Barrysmith sold 1,362 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total transaction of $29,841.42. Following the completion of the sale, the chief accounting officer now directly owns 452,276 shares in the company, valued at approximately $9,909,367.16. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 892,397 shares of company stock worth $21,596,219. 6.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Unity Software in the fourth quarter worth about $269,320,000. Slate Path Capital LP purchased a new position in shares of Unity Software in the 4th quarter valued at about $62,387,000. Capital International Investors increased its stake in shares of Unity Software by 10.4% in the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company’s stock valued at $424,388,000 after purchasing an additional 1,786,032 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Unity Software by 366.6% during 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 purchasing an additional 1,521,165 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Trading Up 2.8 %

NYSE:U opened at $25.42 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a 50-day simple moving average of $22.94 and a 200-day simple moving average of $21.70. Unity Software has a one year low of $13.90 and a one year high of $30.88. The firm has a market cap of $10.41 billion, a P/E ratio of -15.13 and a beta of 2.27.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. The company had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Equities analysts anticipate that Unity Software will post -1.25 EPS for the current fiscal year.

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.