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

Unity Software Inc. (NYSE:U - Get Free Report) has been given an average rating of "Hold" by the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $22.27.

Several research firms recently issued reports on U. 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 research note on Friday, November 8th. Stifel Nicolaus lifted their price target on shares of Unity Software from $20.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, September 13th. Wedbush raised their price objective on shares of Unity Software from $21.00 to $27.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Needham & Company LLC raised their price objective on shares of Unity Software from $23.00 to $26.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, Oppenheimer reissued a "market perform" rating on shares of Unity Software in a report on Friday, October 18th.

Unity Software Trading Down 8.7 %

Shares of U stock traded down $1.99 during mid-day trading on Friday, reaching $20.96. The company's stock had a trading volume of 9,168,492 shares, compared to its average volume of 13,965,274. The company's 50 day simple moving average is $22.98 and its 200-day simple moving average is $19.85. Unity Software has a 12-month low of $13.90 and a 12-month high of $37.04. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $8.44 billion, a PE ratio of -10.27 and a beta of 2.32.

Insider Transactions at Unity Software

In related news, SVP Felix The sold 20,000 shares of the business's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $27.43, for a total transaction of $548,600.00. Following the transaction, the senior vice president now directly owns 391,960 shares of the company's stock, valued at approximately $10,751,462.80. The trade was a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark Barrysmith sold 1,228 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $24.44, for a total transaction of $30,012.32. Following the transaction, the chief financial officer now directly owns 453,638 shares in the company, valued at $11,086,912.72. The trade was a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 762,669 shares of company stock valued at $17,480,869 over the last ninety days. Corporate insiders own 6.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its stake in shares of Unity Software by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company's stock worth $106,008,000 after purchasing an additional 413,474 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Unity Software by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company's stock worth $37,806,000 after buying an additional 200,008 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Unity Software by 100.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock worth $42,662,000 after buying an additional 944,709 shares during the period. Primecap Management Co. CA boosted its holdings in shares of Unity Software by 7.1% during the 3rd quarter. Primecap Management Co. CA now owns 811,994 shares of the company's stock worth $18,367,000 after buying an additional 53,541 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Unity Software by 161.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 579,179 shares of the company's stock worth $9,417,000 after buying an additional 357,500 shares during the period. 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.