Brokerages Set Unity Software Inc. (NYSE:U) PT at $24.21

Shares of Unity Software Inc. (NYSE:U - Get Free Report) have received a consensus recommendation of "Hold" from the fifteen brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six 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 $24.21.

A number of brokerages recently issued reports on U. Wedbush upped their price objective on shares of Unity Software from $21.00 to $27.00 and gave the company an "outperform" rating in a report on Monday, September 16th. The Goldman Sachs Group dropped their price target on shares of Unity Software from $26.00 to $22.50 and set a "neutral" rating for the company in a research note on Friday, August 9th. Stifel Nicolaus lifted their price target on shares of Unity Software from $20.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Macquarie increased their price objective on Unity Software from $12.00 to $15.00 and gave the stock an "underperform" rating in a research report on Tuesday, September 17th. Finally, Piper Sandler restated a "neutral" rating and issued a $17.00 target price (down previously from $25.00) on shares of Unity Software in a research report on Friday, August 9th.

Insider Activity at Unity Software

In related news, Director David Helgason sold 250,000 shares of the company's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the sale, the director now directly owns 8,201,851 shares in the company, valued at $168,876,112.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Unity Software news, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the sale, the director now directly owns 8,201,851 shares of the company's stock, valued at approximately $168,876,112.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Felix The sold 30,000 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the sale, the senior vice president now directly owns 423,679 shares in the company, valued at approximately $7,579,617.31. The disclosure for this sale can be found here. Over the last three months, insiders sold 283,906 shares of company stock worth $5,753,611. Company insiders own 6.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in U. Vanguard Group Inc. raised its stake in Unity Software by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company's stock valued at $703,192,000 after acquiring an additional 208,566 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased 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 valued at $317,984,000 after buying an additional 2,777,884 shares during the period. Nikko Asset Management Americas Inc. raised its position in Unity Software by 32.6% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 11,326,547 shares of the company's stock worth $302,419,000 after buying an additional 2,787,058 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Unity Software by 18.7% in the 1st 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 period. Finally, Capital International Investors boosted its holdings in shares of Unity Software by 426.1% in the first quarter. Capital International Investors now owns 7,872,413 shares of the company's stock valued at $210,193,000 after acquiring an additional 6,376,034 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company's stock.

Unity Software Price Performance

Shares of NYSE U traded down $0.56 during mid-day trading on Wednesday, reaching $21.03. The company's stock had a trading volume of 12,450,546 shares, compared to its average volume of 10,634,087. The stock has a 50-day moving average of $17.72 and a two-hundred day moving average of $19.80. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.36. The stock has a market capitalization of $8.22 billion, a P/E ratio of -9.39 and a beta of 2.27. Unity Software has a 1-year low of $13.90 and a 1-year high of $43.54.

Unity Software (NYSE:U - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share 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 business had revenue of $449.30 million for the quarter, compared to analyst estimates of $438.37 million. During the same period last year, the company posted ($0.26) EPS. The business's revenue was down 15.8% on a year-over-year basis. On average, equities research analysts anticipate that Unity Software will post -1.86 EPS for the current fiscal year.

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.