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

Shares of Unity Software Inc. (NYSE:U) have earned an average recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $23.35.

Several equities research analysts have recently issued reports on U shares. Wells Fargo & Company started coverage on shares of Unity Software in a research report on Monday, October 28th. They set an “equal weight” rating and a $20.00 price objective for the company. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Barclays boosted their price objective on shares of Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. The Goldman Sachs Group cut their price target on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Morgan Stanley upgraded shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research note on Tuesday, September 3rd.

Unity Software Stock Up 0.5 %

Shares of Unity Software stock opened at $23.48 on Thursday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software has a 52-week low of $13.90 and a 52-week high of $43.54. The company has a market capitalization of $9.46 billion, a P/E ratio of -11.51 and a beta of 2.29. The company has a 50 day moving average of $21.18 and a 200 day moving average of $18.64.

Insider Transactions at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the completion of the transaction, the director now directly owns 4,248,146 shares of the company’s stock, valued at approximately $74,427,517.92. This trade represents a 5.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Felix The sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the transaction, the senior vice president now directly owns 423,679 shares of the company’s stock, valued at $7,579,617.31. The trade was a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 554,381 shares of company stock worth $10,631,723 over the last ninety days. 6.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Capital International Investors increased its stake in shares of Unity Software by 426.1% during the 1st quarter. Capital International Investors now owns 7,872,413 shares of the company’s stock worth $210,193,000 after purchasing an additional 6,376,034 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Unity Software by 18.7% in the first quarter. Capital Research Global Investors now owns 8,524,448 shares of the company’s stock worth $227,603,000 after acquiring an additional 1,342,787 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Unity Software by 100.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after acquiring an additional 944,709 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in Unity Software during the 3rd quarter worth about $12,317,000. Finally, Van ECK Associates Corp lifted its holdings in Unity Software by 35.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company’s stock valued at $31,805,000 after purchasing an additional 507,274 shares in the last quarter. Hedge funds and other institutional investors 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.