Unity Software Inc. (NYSE:U) Receives $34.79 Average PT from Analysts

Unity Software Inc. (NYSE:U - Get Free Report) has been assigned a consensus rating of "Hold" from the twenty-two research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $34.79.

U has been the subject of a number of research reports. Needham & Company LLC reiterated a "buy" rating and set a $31.00 target price on shares of Unity Software in a report on Friday, May 10th. Barclays decreased their price target on Unity Software from $28.00 to $27.00 and set an "equal weight" rating for the company in a report on Friday, May 10th. Stifel Nicolaus decreased their price target on Unity Software from $30.00 to $25.00 and set a "buy" rating for the company in a report on Monday, June 10th. Citigroup decreased their price target on Unity Software from $50.00 to $38.00 and set a "buy" rating for the company in a report on Wednesday, February 28th. Finally, JMP Securities restated a "market perform" rating on shares of Unity Software in a report on Friday, May 10th.

Unity Software Trading Up 4.6 %

U traded up $0.73 during midday trading on Monday, hitting $16.70. The company's stock had a trading volume of 11,151,774 shares, compared to its average volume of 9,720,889. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.70. The firm has a market cap of $6.53 billion, a P/E ratio of -7.21 and a beta of 2.28. The firm has a 50-day moving average price of $20.83 and a two-hundred day moving average price of $28.19. Unity Software has a 52-week low of $15.23 and a 52-week high of $50.08.

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

Insider Transactions at Unity Software

In other news, insider Marc Whitten sold 31,466 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $19.10, for a total value of $601,000.60. Following the completion of the transaction, the insider now owns 958,241 shares of the company's stock, valued at $18,302,403.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Anirma Gupta sold 1,037 shares of the firm's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $24.42, for a total transaction of $25,323.54. Following the completion of the transaction, the senior vice president now owns 386,706 shares of the company's stock, valued at $9,443,360.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Marc Whitten sold 31,466 shares of the firm's stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $19.10, for a total value of $601,000.60. Following the transaction, the insider now directly owns 958,241 shares of the company's stock, valued at approximately $18,302,403.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 247,736 shares of company stock valued at $4,885,280. 6.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Unity Software

Several hedge funds have recently modified their holdings of U. Norges Bank purchased a new stake in shares of Unity Software during the fourth quarter valued at $379,180,000. Capital International Investors lifted its stake in Unity Software by 426.1% in the 1st quarter. Capital International Investors now owns 7,872,413 shares of the company's stock worth $210,193,000 after acquiring an additional 6,376,034 shares in the last quarter. Capital Research Global Investors lifted its stake in Unity Software by 510.2% in the 4th quarter. Capital Research Global Investors now owns 7,181,661 shares of the company's stock worth $293,658,000 after acquiring an additional 6,004,655 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its stake in Unity Software by 32.6% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 11,326,547 shares of the company's stock worth $302,419,000 after acquiring an additional 2,787,058 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Unity Software by 30.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company's stock worth $317,984,000 after acquiring an additional 2,777,884 shares in the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.