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

Shares of Unity Software Inc. (NYSE:U - Get Free Report) have been assigned an average recommendation of "Hold" from the sixteen analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $25.04.

Several research firms have recently commented on U. Hsbc Global Res upgraded Unity Software to a "strong-buy" rating in a report on Friday, February 21st. Macquarie boosted their price objective on Unity Software from $15.00 to $16.00 and gave the company an "underperform" rating in a report on Friday, November 8th. HSBC upgraded Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a report on Friday, February 21st. Morgan Stanley boosted their price objective on Unity Software from $26.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Wedbush reaffirmed an "outperform" rating and set a $27.00 target price on shares of Unity Software in a research report on Thursday, February 13th.

Unity Software Trading Down 2.3 %

U stock traded down $0.60 during mid-day trading on Friday, reaching $25.58. The company's stock had a trading volume of 13,728,765 shares, compared to its average volume of 12,864,354. The company has a market cap of $10.48 billion, a price-to-earnings ratio of -15.22 and a beta of 2.32. The business's 50 day moving average price is $22.82 and its 200 day moving average price is $21.52. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software has a 12 month low of $13.90 and a 12 month high of $30.88.

Unity Software (NYSE:U - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping analysts' consensus estimates of ($0.35) by $0.05. The business had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. On average, equities research analysts predict that Unity Software will post -1.25 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Felix The sold 20,000 shares of the company's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $27.43, for a total transaction of $548,600.00. Following the transaction, the senior vice president now owns 391,960 shares of the company's stock, valued at $10,751,462.80. This represents a 4.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mark Barrysmith sold 1,362 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total value of $29,841.42. Following the transaction, the chief accounting officer now directly owns 452,276 shares in the company, valued at $9,909,367.16. This represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 866,060 shares of company stock valued at $21,451,338. Insiders own 6.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Anderson Financial Strategies LLC bought a new stake in shares of Unity Software during the 4th quarter valued at $28,000. R Squared Ltd bought a new stake in shares of Unity Software during the 4th quarter valued at $30,000. Principal Securities Inc. raised its stake in shares of Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after purchasing an additional 477 shares during the period. Planning Capital Management Corp bought a new stake in shares of Unity Software during the 3rd quarter valued at $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Unity Software during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 73.46% of the company's stock.

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.