Unity Software Inc. (NYSE:U) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Unity Software Inc. (NYSE:U – Get Rating) have been assigned a consensus recommendation of “Buy” from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $149.64.

U has been the subject of a number of recent research reports. The Goldman Sachs Group cut their price objective on shares of Unity Software from $154.00 to $137.00 and set a “buy” rating for the company in a report on Thursday. Credit Suisse Group lowered their price objective on shares of Unity Software from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Friday, February 4th. Jefferies Financial Group initiated coverage on shares of Unity Software in a research report on Tuesday, March 8th. They issued a “hold” rating and a $100.00 price target for the company. Stifel Nicolaus decreased their price target on shares of Unity Software from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, March 21st. Finally, Daiwa Capital Markets assumed coverage on shares of Unity Software in a report on Monday, March 28th. They issued an “outperform” rating and a $110.00 price objective on the stock.

In related news, SVP Clive Downie sold 32,934 shares of the firm’s stock in a transaction that occurred on Friday, February 4th. The shares were sold at an average price of $106.69, for a total transaction of $3,513,728.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Helgason sold 83,333 shares of the firm’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $101.31, for a total transaction of $8,442,466.23. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,405 shares of company stock worth $13,540,164. Corporate insiders own 19.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Wolff Wiese Magana LLC raised its holdings in shares of Unity Software by 25.8% in the third quarter. Wolff Wiese Magana LLC now owns 371 shares of the company’s stock valued at $47,000 after buying an additional 76 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Unity Software by 4.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,339 shares of the company’s stock valued at $334,000 after purchasing an additional 89 shares during the period. First Republic Investment Management Inc. grew its position in shares of Unity Software by 1.0% in the 3rd quarter. First Republic Investment Management Inc. now owns 9,272 shares of the company’s stock valued at $1,171,000 after purchasing an additional 90 shares during the period. PNC Financial Services Group Inc. boosted its position in Unity Software by 3.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,794 shares of the company’s stock worth $352,000 after acquiring an additional 93 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in Unity Software by 9.9% during the 4th quarter. Harbour Investments Inc. now owns 1,036 shares of the company’s stock worth $148,000 after acquiring an additional 93 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

Shares of U stock opened at $89.13 on Friday. The company has a market cap of $26.21 billion, a PE ratio of -47.16 and a beta of 2.38. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.71. Unity Software has a 12-month low of $73.12 and a 12-month high of $210.00. The business’s fifty day simple moving average is $96.75 and its 200-day simple moving average is $125.94.

Unity Software (NYSE:U – Get Rating) last posted its earnings results on Thursday, February 3rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.01). Unity Software had a negative return on equity of 20.13% and a negative net margin of 47.96%. The firm had revenue of $315.86 million for the quarter, compared to analysts’ expectations of $291.21 million. During the same period in the previous year, the company earned ($0.28) earnings per share. On average, equities analysts forecast that Unity Software will post -1.55 earnings per share for the current year.

Unity Software Company Profile (Get Rating)

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.

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