Unity Software Inc. (NYSE:U) Receives Average Recommendation of "Hold" from Brokerages

Shares of Unity Software Inc. (NYSE:U - Get Free Report) have received an average rating of "Hold" from the sixteen analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $23.35.

U has been the subject of a number of recent research reports. JMP Securities reiterated a "market perform" rating on shares of Unity Software in a research report on Friday, September 13th. Benchmark lifted their price target on shares of Unity Software from $10.00 to $15.00 and gave the stock a "sell" rating in a report on Friday, November 8th. Macquarie upped their price objective on shares of Unity Software from $15.00 to $16.00 and gave the company an "underperform" rating in a research note on Friday, November 8th. Wedbush lifted their target price on Unity Software from $21.00 to $27.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Finally, UBS Group raised their price objective on Unity Software from $15.00 to $20.00 and gave the stock a "neutral" rating in a report on Friday, October 18th.

Unity Software Price Performance

U traded up $0.73 during trading on Monday, reaching $25.17. 10,135,865 shares of the stock were exchanged, compared to its average volume of 10,678,688. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of -12.34 and a beta of 2.33. Unity Software has a 1 year low of $13.90 and a 1 year high of $43.54. The business's 50 day moving average price is $22.23 and its two-hundred day moving average price is $19.09.

Insider Buying and Selling at Unity Software

In related news, Director David Helgason sold 7,860 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $26.45, for a total value of $207,897.00. Following the completion of the sale, the director now owns 10,493 shares of the company's stock, valued at $277,539.85. This represents a 42.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the sale, the director now owns 4,248,146 shares in the company, valued at $74,427,517.92. This trade represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 513,469 shares of company stock worth $11,242,333. 6.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of U. Wealth Enhancement Advisory Services LLC grew its position in Unity Software by 56.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,234 shares of the company's stock worth $231,000 after buying an additional 5,128 shares during the last quarter. Blue Trust Inc. raised its position in shares of Unity Software by 308.8% during the second 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 period. Bank of New York Mellon Corp raised its position in shares of Unity Software by 40.6% during the second quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company's stock worth $23,929,000 after purchasing an additional 424,806 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Unity Software by 82.8% during the second quarter. HB Wealth Management LLC now owns 106,202 shares of the company's stock valued at $1,727,000 after purchasing an additional 48,110 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in shares of Unity Software by 29.0% in the 2nd quarter. Whittier Trust Co. now owns 424,949 shares of the company's stock valued at $6,905,000 after purchasing an additional 95,414 shares during the period. 73.46% of the stock is owned by institutional investors and hedge funds.

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.