Analysts Set Unity Software Inc. (NYSE:U) Price Target at $22.81

Shares of Unity Software Inc. (NYSE:U - Get Free Report) have earned an average recommendation of "Hold" from the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $22.81.

A number of brokerages have weighed in on U. Jefferies Financial Group raised their price objective on Unity Software from $20.00 to $23.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Macquarie raised their price target on shares of Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a research report on Friday, November 8th. Oppenheimer reaffirmed a "market perform" rating on shares of Unity Software in a report on Friday, October 18th. Morgan Stanley boosted their target price on shares of Unity Software from $24.00 to $26.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Finally, Needham & Company LLC increased their target price on Unity Software from $23.00 to $26.00 and gave the stock a "buy" rating in a report on Friday, November 8th.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction on 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 completion of the transaction, the director now directly owns 4,248,146 shares of the company's stock, valued at approximately $74,427,517.92. This trade represents a 5.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mark Barrysmith sold 1,362 shares of the business's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total value of $29,841.42. Following the completion of the sale, 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. Insiders sold 931,154 shares of company stock worth $21,019,520 in the last 90 days. Corporate insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Unity Software

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company's stock valued at $28,000 after acquiring an additional 949 shares during the period. R Squared Ltd purchased a new stake in shares of Unity Software in the fourth quarter valued at $30,000. Principal Securities Inc. boosted its position in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after buying an additional 477 shares during the period. Planning Capital Management Corp purchased a new position in shares of Unity Software during the third quarter valued at $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in Unity Software in the 4th quarter worth about $40,000. 73.46% of the stock is owned by institutional investors.

Unity Software Stock Down 0.7 %

Shares of U stock traded down $0.15 on Tuesday, hitting $21.05. The stock had a trading volume of 5,696,281 shares, compared to its average volume of 8,711,275. The stock's 50 day moving average is $23.36 and its 200-day moving average is $20.61. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of -10.32 and a beta of 2.32. Unity Software has a 52-week low of $13.90 and a 52-week high of $35.56. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating analysts' consensus estimates of ($0.39) by $0.08. Unity Software had a negative net margin of 40.47% and a negative return on equity of 11.30%. The company had revenue of $446.52 million during the quarter, compared to analysts' expectations of $428.01 million. During the same period in the prior year, the company posted ($0.12) EPS. As a group, research analysts expect that Unity Software will post -1.72 earnings per share for the current year.

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.