Unity Software Inc. (NYSE:U) Given Average Rating of “Hold” by Analysts

Unity Software Inc. (NYSE:U) has been given a consensus rating of “Hold” by the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $22.27.

A number of analysts recently weighed in on the company. Benchmark increased their price objective on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a report on Friday, November 8th. Wells Fargo & Company assumed coverage on Unity Software in a research note on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price target for the company. Jefferies Financial Group lifted their price objective on Unity Software from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday. Macquarie increased their target price on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Friday, November 8th. Finally, Barclays boosted their price target on shares of Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th.

Unity Software Trading Down 0.3 %

Shares of NYSE U opened at $23.01 on Friday. The firm has a 50 day moving average price of $22.98 and a two-hundred day moving average price of $19.82. The stock has a market cap of $9.27 billion, a P/E ratio of -11.28 and a beta of 2.32. Unity Software has a 52-week low of $13.90 and a 52-week high of $38.85. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Insider Activity

In other news, Director Shlomo Dovrat sold 3,750 shares of Unity Software stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $17.99, for a total transaction of $67,462.50. Following the completion of the transaction, the director now directly owns 2,394,935 shares in the company, valued at $43,084,880.65. This trade represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Barrysmith sold 8,112 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $24.38, for a total transaction of $197,770.56. Following the completion of the sale, the chief financial officer now owns 454,866 shares in the company, valued at $11,089,633.08. This represents a 1.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 762,669 shares of company stock worth $17,480,869. Company insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in shares of Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Unity Software by 4.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock valued at $315,000 after buying an additional 538 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Unity Software by 4.9% during the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock worth $349,000 after buying an additional 723 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Unity Software by 28.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock worth $89,000 after buying an additional 876 shares during the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Unity Software by 8.2% in the second quarter. Intech Investment Management LLC now owns 13,270 shares of the company’s stock valued at $216,000 after acquiring an additional 1,010 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

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.