Unity Software Inc. (NYSE:U) Receives Consensus Recommendation of "Hold" from Analysts

Unity Software Inc. (NYSE:U - Get Free Report) has been given a consensus recommendation of "Hold" by the sixteen research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $23.63.

U has been the topic of a number of analyst reports. Macquarie boosted their price objective on shares of Unity Software from $12.00 to $15.00 and gave the company an "underperform" rating in a research report on Tuesday, September 17th. The Goldman Sachs Group lowered their target price 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. UBS Group boosted their target price on shares of Unity Software from $15.00 to $20.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Piper Sandler reissued a "neutral" rating and set a $17.00 target price (down from $25.00) on shares of Unity Software in a research note on Friday, August 9th. Finally, JMP Securities reissued a "market perform" rating on shares of Unity Software in a research note on Friday, September 13th.

Unity Software Price Performance

U traded down $0.69 during trading hours on Friday, hitting $19.72. The company's stock had a trading volume of 14,852,625 shares, compared to its average volume of 10,444,413. The business's 50-day moving average price is $19.64 and its 200-day moving average price is $19.12. Unity Software has a 12 month low of $13.90 and a 12 month high of $43.54. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of -8.80 and a beta of 2.28. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $449.30 million for the quarter, compared to analysts' expectations of $438.37 million. During the same quarter in the previous year, the business posted ($0.26) earnings per share. Unity Software's quarterly revenue was down 15.8% on a year-over-year basis. Sell-side analysts expect that Unity Software will post -1.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Anirma Gupta sold 1,506 shares of Unity Software stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $16.73, for a total transaction of $25,195.38. Following the completion of the transaction, the senior vice president now directly owns 409,540 shares of the company's stock, valued at $6,851,604.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Anirma Gupta sold 1,506 shares of the 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 $6,851,604.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David Helgason sold 250,000 shares of the 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 sale, the director now directly owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 283,106 shares of company stock worth $5,739,195. 6.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of U. Tradewinds Capital Management LLC raised its position in shares of Unity Software by 245.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company's stock worth $26,000 after purchasing an additional 700 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company's stock worth $28,000 after purchasing an additional 949 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company's stock worth $36,000 after purchasing an additional 1,389 shares during the last quarter. Blue Trust Inc. raised its position in shares of Unity Software by 308.8% during the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company's stock worth $51,000 after purchasing an additional 2,359 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Unity Software by 31.6% during the 1st quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company's stock worth $62,000 after purchasing an additional 562 shares during the last quarter. 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.