Unity Software Inc. (NYSE:U) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Unity Software Inc. (NYSE:U) has earned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $39.7263.

A number of analysts have recently weighed in on U shares. Piper Sandler raised Unity Software from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $43.00 to $59.00 in a research report on Thursday, December 11th. Oppenheimer upgraded shares of Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Unity Software in a research note on Wednesday, January 21st. Wall Street Zen upgraded Unity Software from a “hold” rating to a “buy” rating in a report on Saturday. Finally, UBS Group decreased their target price on shares of Unity Software from $46.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 10th.

Unity Software Stock Up 1.6%

Shares of NYSE:U opened at $20.09 on Wednesday. The firm has a market capitalization of $8.70 billion, a PE ratio of -20.92, a price-to-earnings-growth ratio of 10.60 and a beta of 2.15. The business has a 50 day simple moving average of $28.48 and a two-hundred day simple moving average of $37.01. Unity Software has a 1 year low of $15.33 and a 1 year high of $52.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.84 and a quick ratio of 1.84.

Unity Software (NYSE:U) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $503.09 million during the quarter, compared to analyst estimates of $490.64 million. During the same period last year, the company earned ($0.30) EPS. Unity Software’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities analysts predict that Unity Software will post -1.25 EPS for the current year.

Insider Transactions at Unity Software

In related news, COO Alexander Blum sold 10,164 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total transaction of $183,663.48. Following the completion of the transaction, the chief operating officer owned 550,966 shares of the company’s stock, valued at approximately $9,955,955.62. This trade represents a 1.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Mark Barrysmith sold 10,578 shares of Unity Software stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total transaction of $191,144.46. Following the completion of the sale, the chief accounting officer owned 383,901 shares of the company’s stock, valued at $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 three months, insiders have sold 41,684 shares of company stock worth $773,350. 3.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Unity Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Unity Software during the 3rd quarter worth $27,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Unity Software in the second quarter valued at $28,000. REAP Financial Group LLC purchased a new stake in Unity Software during the 4th quarter worth about $28,000. Larson Financial Group LLC increased its stake in shares of Unity Software by 88.1% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after acquiring an additional 341 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in Unity Software in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

About Unity Software

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.