Unity Software Inc. (NYSE:U) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Unity Software Inc. (NYSE:UGet Free Report) have received a consensus recommendation of “Hold” from the twenty-one analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $37.03.

U has been the subject of several research analyst reports. Wedbush cut their price objective on Unity Software from $50.00 to $33.50 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Stifel Nicolaus lifted their price objective on Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Barclays cut their price objective on Unity Software from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, February 27th. William Blair reaffirmed an “outperform” rating on shares of Unity Software in a report on Tuesday, January 9th. Finally, HSBC started coverage on Unity Software in a report on Monday, December 18th. They issued a “hold” rating and a $37.00 price objective for the company.

Check Out Our Latest Analysis on U

Insider Activity

In other news, CEO James M. Whitehurst sold 44,091 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $32.56, for a total value of $1,435,602.96. Following the transaction, the chief executive officer now directly owns 155,909 shares in the company, valued at $5,076,397.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Anirma Gupta sold 2,551 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $39.99, for a total value of $102,014.49. Following the sale, the senior vice president now directly owns 397,741 shares in the company, valued at $15,905,662.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James M. Whitehurst sold 44,091 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $32.56, for a total value of $1,435,602.96. Following the completion of the sale, the chief executive officer now owns 155,909 shares in the company, valued at $5,076,397.04. The disclosure for this sale can be found here. Insiders have sold 383,293 shares of company stock worth $11,219,158 over the last ninety days. Corporate insiders own 9.00% of the company’s stock.

Institutional Investors Weigh In On Unity Software

Hedge funds have recently made changes to their positions in the company. Xcel Wealth Management LLC increased its stake in Unity Software by 4.0% during the fourth quarter. Xcel Wealth Management LLC now owns 7,755 shares of the company’s stock worth $222,000 after acquiring an additional 298 shares during the last quarter. First Republic Investment Management Inc. increased its stake in Unity Software by 1.6% during the first quarter. First Republic Investment Management Inc. now owns 18,918 shares of the company’s stock worth $1,877,000 after acquiring an additional 298 shares during the last quarter. BluePath Capital Management LLC increased its stake in Unity Software by 6.7% during the fourth quarter. BluePath Capital Management LLC now owns 5,453 shares of the company’s stock worth $223,000 after acquiring an additional 342 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Unity Software by 8.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,349 shares of the company’s stock worth $431,000 after acquiring an additional 350 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Unity Software by 21.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,972 shares of the company’s stock worth $86,000 after acquiring an additional 351 shares during the last quarter. 64.74% of the stock is currently owned by hedge funds and other institutional investors.

Unity Software Stock Down 2.1 %

Unity Software stock opened at $26.99 on Friday. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of -12.76 and a beta of 2.44. The stock has a fifty day simple moving average of $31.07 and a two-hundred day simple moving average of $31.92. Unity Software has a 12 month low of $22.20 and a 12 month high of $50.08. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.85.

Unity Software (NYSE:UGet Free Report) last posted its earnings results on Monday, February 26th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). The business had revenue of $609.27 million during the quarter, compared to the consensus estimate of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.50) EPS. Equities analysts predict that Unity Software will post -0.63 EPS for the current fiscal year.

Unity Software Company Profile

(Get Free Report

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.

Featured Stories

Analyst Recommendations for Unity Software (NYSE:U)

Receive News & Ratings for Unity Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unity Software and related companies with MarketBeat.com's FREE daily email newsletter.