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

Unity Software Inc. (NYSE:U) has received an average rating of “Moderate Buy” from the eighteen research firms that are presently covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $25.61.

A number of brokerages have issued reports on U. Wedbush restated an “outperform” rating and set a $27.00 target price on shares of Unity Software in a research report on Thursday, February 13th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Wells Fargo & Company reduced their target price on Unity Software from $27.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. Barclays increased their target price on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Finally, Hsbc Global Res raised Unity Software to a “strong-buy” rating in a report on Friday, February 21st.

Unity Software Stock Performance

NYSE U opened at $20.52 on Wednesday. The business has a 50 day moving average price of $22.58 and a 200 day moving average price of $22.31. The company has a market capitalization of $8.41 billion, a P/E ratio of -12.21 and a beta of 2.27. Unity Software has a 1-year low of $13.90 and a 1-year high of $30.88. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

Unity Software (NYSE:U) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. The business had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. Sell-side analysts expect that Unity Software will post -1.25 EPS for the current fiscal year.

Insider Activity

In other Unity Software news, CAO Mark Barrysmith sold 1,445 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $20.61, for a total transaction of $29,781.45. Following the completion of the sale, the chief accounting officer now directly owns 483,417 shares in the company, valued at $9,963,224.37. This represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Anirma Gupta sold 31,948 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $25.23, for a total value of $806,048.04. Following the completion of the transaction, the senior vice president now owns 542,942 shares in the company, valued at approximately $13,698,426.66. This trade represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 865,236 shares of company stock valued at $20,849,425 in the last 90 days. 6.30% of the stock is currently owned by insiders.

Institutional Trading of Unity Software

A number of institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System increased its holdings in Unity Software by 0.4% in the 4th quarter. California State Teachers Retirement System now owns 261,740 shares of the company’s stock valued at $5,881,000 after purchasing an additional 1,031 shares in the last quarter. Soviero Asset Management LP purchased a new stake in shares of Unity Software in the fourth quarter worth about $2,247,000. Sphera Management Technology Funds Ltd acquired a new stake in shares of Unity Software in the fourth quarter valued at about $1,128,000. Two Sigma Advisers LP acquired a new stake in shares of Unity Software in the fourth quarter valued at about $494,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Unity Software during the 4th quarter valued at about $22,999,000. 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.