Brokerages Set Unity Software Inc. (NYSE:U) PT at $34.79

Shares of Unity Software Inc. (NYSE:U) have earned a consensus recommendation of “Hold” from the twenty-two research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $33.47.

A number of analysts have recently issued reports on the stock. Barclays lowered their target price on shares of Unity Software from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. The Goldman Sachs Group lowered their target price on shares of Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Wedbush reissued an “outperform” rating and set a $33.50 target price on shares of Unity Software in a research note on Friday, May 10th. Benchmark reaffirmed a “sell” rating and issued a $16.00 price objective on shares of Unity Software in a research note on Friday, May 10th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research note on Friday, May 10th.

Insider Activity

In other news, SVP Anirma Gupta sold 1,037 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $24.42, for a total transaction of $25,323.54. Following the transaction, the senior vice president now owns 386,706 shares in the company, valued at $9,443,360.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Anirma Gupta sold 1,037 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $24.42, for a total value of $25,323.54. Following the transaction, the senior vice president now owns 386,706 shares in the company, valued at approximately $9,443,360.52. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CMO Carol W. Carpenter sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $24.18, for a total transaction of $48,360.00. Following the completion of the transaction, the chief marketing officer now owns 442,617 shares in the company, valued at approximately $10,702,479.06. The disclosure for this sale can be found here. Insiders have sold a total of 247,736 shares of company stock worth $4,885,280 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Unity Software

Several hedge funds have recently bought and sold shares of the stock. Cetera Advisors LLC purchased a new stake in Unity Software in the 1st quarter worth approximately $2,747,000. Cetera Investment Advisers boosted its position in Unity Software by 346.5% in the 1st quarter. Cetera Investment Advisers now owns 119,938 shares of the company’s stock worth $3,202,000 after purchasing an additional 93,078 shares in the last quarter. PGGM Investments purchased a new stake in Unity Software in the 1st quarter worth approximately $693,000. Virtu Financial LLC purchased a new position in shares of Unity Software during the 1st quarter valued at approximately $1,147,000. Finally, EMC Capital Management lifted its position in shares of Unity Software by 100.0% during the 1st quarter. EMC Capital Management now owns 5,000 shares of the company’s stock valued at $130,000 after buying an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Trading Down 1.9 %

U stock opened at $16.23 on Monday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.70. Unity Software has a twelve month low of $15.23 and a twelve month high of $50.08. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of -7.25 and a beta of 2.28. The firm’s fifty day simple moving average is $20.10 and its two-hundred day simple moving average is $27.69.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.13. Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. The business had revenue of $460.38 million for the quarter, compared to analysts’ expectations of $422.53 million. As a group, analysts anticipate that Unity Software will post -1.81 earnings per share for the current 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.