Analysts Set Unity Software Inc. (NYSE:U) Price Target at $23.35

Shares of Unity Software Inc. (NYSE:U) have earned a consensus rating of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $22.21.

A number of equities analysts have commented on the company. Wedbush raised their price objective on Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Needham & Company LLC boosted their price target on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 8th. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Finally, Morgan Stanley raised shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price target for the company in a report on Tuesday, September 3rd.

Unity Software Stock Up 1.1 %

U stock opened at $22.51 on Monday. The business’s fifty day moving average price is $22.37 and its two-hundred day moving average price is $19.21. The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of -11.03 and a beta of 2.33. Unity Software has a fifty-two week low of $13.90 and a fifty-two week high of $43.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

Insider Buying and Selling

In other Unity Software news, SVP Felix The sold 11,719 shares of Unity Software stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $24.39, for a total transaction of $285,826.41. Following the completion of the transaction, the senior vice president now owns 411,960 shares in the company, valued at approximately $10,047,704.40. The trade was a 2.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Barrysmith sold 1,228 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $24.44, for a total value of $30,012.32. Following the completion of the sale, the chief financial officer now directly owns 453,638 shares of the company’s stock, valued at approximately $11,086,912.72. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 512,669 shares of company stock valued at $11,225,869. 6.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after acquiring an additional 949 shares during the last quarter. Planning Capital Management Corp purchased a new stake in shares of Unity Software during the 3rd quarter valued at $34,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Unity Software by 163.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after purchasing an additional 1,389 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Unity Software during the 3rd quarter worth $43,000. Finally, Blue Trust Inc. boosted its holdings in shares of Unity Software by 308.8% in the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock worth $51,000 after buying an additional 2,359 shares during the last quarter. 73.46% of the stock is owned by institutional investors.

About Unity Software

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.