Brokerages Set Unity Software Inc. (NYSE:U) Price Target at $26.46

Shares of Unity Software Inc. (NYSE:U) have been assigned a consensus recommendation of “Hold” from the twenty research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $26.46.

Several brokerages have recently issued reports on U. Macquarie decreased their price target on shares of Unity Software from $14.00 to $12.00 and set an “underperform” rating for the company in a report on Friday, August 9th. Stifel Nicolaus decreased their price target on shares of Unity Software from $25.00 to $20.00 and set a “buy” rating for the company in a report on Friday, August 9th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Friday, May 10th. Needham & Company LLC decreased their price target on shares of Unity Software from $31.00 to $23.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Benchmark decreased their price target 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.

Insiders Place Their Bets

In other Unity Software news, SVP Anirma Gupta sold 1,506 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $16.73, for a total transaction of $25,195.38. Following the sale, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at approximately $6,851,604.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Unity Software news, SVP Anirma Gupta sold 1,506 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $16.73, for a total transaction of $25,195.38. Following the sale, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at approximately $6,851,604.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marc Whitten sold 31,466 shares of the business’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 $601,000.60. Following the sale, the insider now directly owns 958,241 shares in the company, valued at $18,302,403.10. The disclosure for this sale can be found here. Insiders have sold 245,005 shares of company stock valued at $4,798,048 in the last three months. 6.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Unity Software

A number of institutional investors and hedge funds have recently modified their holdings of U. Tradewinds Capital Management LLC raised its holdings in shares of Unity Software by 245.6% in the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock valued at $26,000 after purchasing an additional 700 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Unity Software in the 4th quarter valued at about $27,000. GAMMA Investing LLC acquired a new position in Unity Software in the 4th quarter valued at about $28,000. Benjamin F. Edwards & Company Inc. grew its stake 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 buying an additional 996 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Unity Software by 163.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares during the last quarter. 73.46% of the stock is owned by institutional investors.

Unity Software Price Performance

U opened at $16.51 on Tuesday. The company has a fifty day moving average price of $16.15 and a two-hundred day moving average price of $22.51. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.36. Unity Software has a 52 week low of $13.90 and a 52 week high of $43.54. The firm has a market capitalization of $6.45 billion, a PE ratio of -7.37 and a beta of 2.25.

Unity Software (NYSE:U) last released its earnings results on Thursday, August 8th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $449.30 million during the quarter, compared to analyst estimates of $438.37 million. During the same quarter in the previous year, the business earned ($0.26) EPS. The business’s quarterly revenue was down 15.8% compared to the same quarter last year. 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.