Unity Software Inc. (NYSE:U) Receives $39.29 Average PT from Analysts

Shares of Unity Software Inc. (NYSE:U) have earned a consensus recommendation of “Moderate Buy” from the twenty-four research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $39.29.

U has been the subject of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Unity Software in a research report on Wednesday, February 11th. Oppenheimer raised Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Tuesday, February 10th. BTIG Research decreased their price target on Unity Software from $60.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Wedbush lowered their price objective on shares of Unity Software from $37.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Finally, Citigroup reduced their target price on shares of Unity Software from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th.

Insider Activity

In other news, Director Tomer Bar-Zeev sold 50,000 shares of Unity Software stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $47.00, for a total transaction of $2,350,000.00. Following the sale, the director directly owned 873,146 shares of the company’s stock, valued at approximately $41,037,862. The trade was a 5.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jarrod Yahes sold 27,742 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $42.79, for a total value of $1,187,080.18. Following the completion of the transaction, the chief financial officer directly owned 546,129 shares of the company’s stock, valued at $23,368,859.91. This represents a 4.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,337,204 shares of company stock worth $63,108,672 over the last three months. 3.61% of the stock is currently owned by corporate insiders.

Institutional Trading of Unity Software

Several institutional investors and hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in shares of Unity Software in the 3rd quarter valued at approximately $27,000. Atlantic Union Bankshares Corp acquired a new position in Unity Software in the second quarter worth $28,000. REAP Financial Group LLC acquired a new position in Unity Software in the fourth quarter worth $28,000. Larson Financial Group LLC increased its stake in Unity Software by 88.1% during 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. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Unity Software during the fourth quarter worth $30,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Trading Down 5.3%

NYSE U opened at $18.60 on Friday. Unity Software has a one year low of $15.33 and a one year high of $52.15. The company’s 50 day moving average price is $39.57 and its 200 day moving average price is $39.58. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of -19.38, a PEG ratio of 9.83 and a beta of 2.05.

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