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

Shares of Unity Software Inc. (NYSE:U) have been assigned a consensus rating of “Hold” from the twenty-two ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $33.47.

A number of equities analysts recently commented on the stock. Wedbush reissued an “outperform” rating and issued a $33.50 price objective on shares of Unity Software in a research note on Friday, May 10th. Stifel Nicolaus reduced their price target on Unity Software from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, June 10th. Benchmark reaffirmed a “sell” rating and set a $16.00 price target on shares of Unity Software in a research report on Friday, May 10th. Barclays reduced their price target on Unity Software from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. Finally, Macquarie reduced their price target on Unity Software from $20.00 to $14.00 and set an “underperform” rating on the stock in a research report on Thursday.

Unity Software Trading Down 1.7 %

Unity Software stock opened at $16.26 on Monday. The company has a 50 day moving average price of $20.10 and a 200-day moving average price of $27.60. 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 fifty-two week low of $15.23 and a fifty-two week high of $50.08.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.13. The company had revenue of $460.38 million during the quarter, compared to the consensus estimate of $422.53 million. Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. On average, equities research analysts forecast that Unity Software will post -1.81 earnings per share for the current year.

Insider Buying and Selling at Unity Software

In other Unity Software news, insider Marc Whitten sold 86,768 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $20.60, for a total value of $1,787,420.80. Following the sale, the insider now directly owns 2,483 shares of the company’s stock, valued at $51,149.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Unity Software news, insider Marc Whitten sold 86,768 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $20.60, for a total value of $1,787,420.80. Following the completion of the transaction, the insider now owns 2,483 shares in the company, valued at $51,149.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Carol W. Carpenter sold 18,775 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $19.10, for a total transaction of $358,602.50. Following the completion of the transaction, the chief marketing officer now owns 423,842 shares of the company’s stock, valued at approximately $8,095,382.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 245,736 shares of company stock valued at $4,832,120. 6.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Tradewinds Capital Management LLC raised its position in shares of Unity Software by 245.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Unity Software in the 4th quarter valued at about $27,000. GAMMA Investing LLC acquired a new stake in Unity Software in the 4th quarter valued at about $28,000. Benjamin F. Edwards & Company Inc. raised its holdings in Unity Software by 2,429.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after acquiring an additional 996 shares during the last quarter. Finally, Pacifica Partners Inc. acquired a new stake in Unity Software in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

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.