Unity Software Inc. (NYSE:U) Receives Average Recommendation of “Moderate Buy” from Analysts

Unity Software Inc. (NYSE:U) has earned an average recommendation of “Moderate Buy” from the twenty-three research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $39.7263.

Several research firms recently weighed in on U. Morgan Stanley raised their target price on shares of Unity Software from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. BTIG Research lowered their price objective on shares of Unity Software from $60.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. UBS Group dropped their target price on shares of Unity Software from $46.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, February 10th. Freedom Capital upgraded Unity Software to a “strong-buy” rating in a report on Thursday, January 15th. Finally, Wells Fargo & Company lowered their price target on Unity Software from $54.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 125,000 shares of Unity Software stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $50.85, for a total transaction of $6,356,250.00. Following the completion of the transaction, the director directly owned 923,146 shares of the company’s stock, valued at $46,941,974.10. The trade was a 11.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Alexander Blum sold 10,164 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total transaction of $183,663.48. Following the completion of the transaction, the chief operating officer owned 550,966 shares in the company, valued at approximately $9,955,955.62. This represents a 1.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 618,343 shares of company stock worth $29,413,946 in the last three months. 3.61% of the stock is owned by company insiders.

Institutional Trading of Unity Software

Several hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Unity Software by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company’s stock worth $15,930,000 after acquiring an additional 45,481 shares during the period. Focus Partners Wealth acquired a new stake in Unity Software during the 1st quarter worth approximately $260,000. Envestnet Asset Management Inc. bought a new stake in Unity Software in the 2nd quarter valued at $238,000. Bank of New York Mellon Corp boosted its stake in Unity Software by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,275,663 shares of the company’s stock valued at $30,871,000 after purchasing an additional 20,142 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new position in Unity Software in the 2nd quarter valued at $28,000. Institutional investors own 73.46% of the company’s stock.

Unity Software Trading Down 2.8%

Shares of NYSE:U opened at $20.66 on Wednesday. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of -21.52, a PEG ratio of 11.40 and a beta of 2.14. Unity Software has a 12 month low of $15.33 and a 12 month high of $52.15. The company’s fifty day simple moving average is $30.98 and its 200 day simple moving average is $37.72. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.52.

Unity Software (NYSE:U) last released its earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $503.09 million during the quarter, compared to analysts’ expectations of $490.64 million. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.30) EPS. As a group, research analysts forecast that Unity Software will post -1.25 EPS for the current fiscal year.

Unity Software Company Profile

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.