Unity Software Inc. (NYSE:U) Receives $23.35 Average PT from Analysts

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

U has been the subject of several analyst reports. The Goldman Sachs Group lowered their price target on shares of Unity Software from $26.00 to $22.50 and set a "neutral" rating for the company in a report on Friday, August 9th. Oppenheimer restated a "market perform" rating on shares of Unity Software in a report on Friday, October 18th. Needham & Company LLC increased their price target on shares of Unity Software from $23.00 to $26.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Macquarie increased their price target on shares of Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a research note on Friday, November 8th. Finally, UBS Group increased their price target on shares of Unity Software from $15.00 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th.

Insider Activity

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the sale, the director now directly owns 4,248,146 shares of the company's stock, valued at approximately $74,427,517.92. This represents a 5.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Felix The sold 30,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the sale, the senior vice president now directly owns 423,679 shares in the company, valued at approximately $7,579,617.31. The trade was a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 534,550 shares of company stock worth $10,148,127 in the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Unity Software

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake 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. Planning Capital Management Corp acquired a new stake in shares of Unity Software in the third quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company's stock worth $36,000 after acquiring an additional 1,389 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Unity Software in the third quarter worth approximately $43,000. Finally, Blue Trust Inc. boosted its position in shares of Unity Software by 308.8% in the second quarter. Blue Trust Inc. now owns 3,123 shares of the company's stock worth $51,000 after acquiring an additional 2,359 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Trading Up 9.3 %

NYSE U opened at $21.64 on Thursday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software has a 52 week low of $13.90 and a 52 week high of $43.54. The stock has a market capitalization of $8.72 billion, a PE ratio of -10.61 and a beta of 2.29. The firm has a 50 day moving average of $20.84 and a two-hundred day moving average of $18.67.

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.