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

Shares of Unity Software Inc. (NYSE:U) have received an average recommendation of “Hold” from the fifteen analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $22.58.

A number of equities research analysts have recently weighed in on U shares. Wells Fargo & Company started coverage on Unity Software in a research report on Monday, October 28th. They set an “equal weight” rating and a $20.00 target price for the company. Macquarie lifted their price objective on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research report on Friday, November 8th. Oppenheimer restated a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Jefferies Financial Group lifted their price target on shares of Unity Software from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Benchmark increased their price objective on shares of Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a report on Friday, November 8th.

Unity Software Stock Performance

U stock opened at $22.02 on Friday. The company has a 50 day moving average price of $23.02 and a 200 day moving average price of $19.98. Unity Software has a fifty-two week low of $13.90 and a fifty-two week high of $35.56. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The stock has a market capitalization of $8.87 billion, a PE ratio of -10.79 and a beta of 2.32.

Insider Activity

In other news, CFO Mark Barrysmith sold 1,228 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 453,638 shares in the company, valued at $11,086,912.72. This trade represents a 0.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Felix The sold 11,719 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were 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 directly owns 411,960 shares of the company’s stock, valued at $10,047,704.40. This represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 762,669 shares of company stock worth $17,480,869 in the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Unity Software by 343.8% in the 3rd 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 period. Planning Capital Management Corp acquired a new stake in Unity Software during the third quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Unity Software by 163.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after acquiring an additional 1,389 shares during the period. Brooklyn Investment Group acquired a new position in shares of Unity Software in the third quarter valued at approximately $43,000. Finally, Versant Capital Management Inc increased its stake in shares of Unity Software by 186.9% during the fourth quarter. Versant Capital Management Inc now owns 2,812 shares of the company’s stock worth $63,000 after purchasing an additional 1,832 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

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.