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

Shares of Unity Software Inc. (NYSE:U) have earned a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $37.4105.

A number of research firms have recently commented on U. The Goldman Sachs Group dropped their price target on Unity Software from $47.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Bank of America increased their target price on Unity Software from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, March 27th. Morgan Stanley raised their target price on shares of Unity Software from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. Wall Street Zen lowered shares of Unity Software from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $37.00 price target on shares of Unity Software in a report on Friday, March 27th.

Insider Activity at Unity Software

In related news, CFO Jarrod Yahes sold 6,205 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $21.03, for a total value of $130,491.15. Following the completion of the transaction, the chief financial officer directly owned 728,381 shares of the company’s stock, valued at approximately $15,317,852.43. This represents a 0.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark Barrysmith sold 10,578 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total value of $191,144.46. Following the transaction, the chief accounting officer owned 383,901 shares of the company’s stock, valued at approximately $6,937,091.07. This trade represents a 2.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 41,684 shares of company stock valued at $773,350. 3.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in Unity Software in the 3rd quarter valued at approximately $27,000. REAP Financial Group LLC bought a new position in shares of Unity Software during the 4th quarter worth approximately $28,000. Larson Financial Group LLC raised its holdings in shares of Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Unity Software in the fourth quarter valued at approximately $30,000. Finally, IFP Advisors Inc bought a new stake in shares of Unity Software in the third quarter worth $33,000. 73.46% of the stock is currently owned by institutional investors.

Unity Software Price Performance

Shares of U stock opened at $22.75 on Friday. 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 has a 12-month low of $15.33 and a 12-month high of $52.15. The firm has a fifty day moving average of $22.36 and a 200-day moving average of $34.96. The firm has a market capitalization of $9.93 billion, a price-to-earnings ratio of -23.70, a price-to-earnings-growth ratio of 10.03 and a beta of 2.00.

Unity Software (NYSE:U) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The business had revenue of $503.09 million for the quarter, compared to the consensus estimate of $490.64 million. During the same quarter last year, the business posted ($0.30) EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Unity Software will post -1.25 earnings per share for the current 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.