Brokerages Set Unity Software Inc. (NYSE:U) PT at $45.27

Shares of Unity Software Inc. (NYSE:U) have earned a consensus recommendation of “Moderate Buy” from the twenty-four analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, twelve have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $45.2667.

Several research firms have issued reports on U. Citigroup increased their price objective on Unity Software from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Freedom Capital upgraded shares of Unity Software to a “strong-buy” rating in a research report on Thursday, January 15th. Jefferies Financial Group lifted their price target on shares of Unity Software from $49.00 to $55.00 and gave the company a “buy” rating in a report on Monday, January 5th. Macquarie raised shares of Unity Software from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $33.00 to $50.00 in a research note on Friday, November 7th. Finally, Morgan Stanley raised their price objective on shares of Unity Software from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th.

Insider Activity

In other news, Director Tomer Bar-Zeev sold 50,000 shares of the stock in a transaction on 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 owned 873,146 shares in the company, valued at approximately $41,037,862. This represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark Barrysmith sold 14,407 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $50.01, for a total value of $720,494.07. Following the completion of the sale, the chief accounting officer owned 394,479 shares of the company’s stock, valued at approximately $19,727,894.79. This trade represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,647,935 shares of company stock worth $75,174,498. 3.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Unity Software

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Unity Software by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company’s stock valued at $15,930,000 after acquiring an additional 45,481 shares during the last quarter. Focus Partners Wealth acquired a new position in Unity Software during the 1st quarter valued at about $260,000. Wedmont Private Capital bought a new position in shares of Unity Software in the 2nd quarter valued at about $229,000. CX Institutional acquired a new stake in shares of Unity Software during the 2nd quarter worth approximately $25,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Unity Software by 4.4% during the second quarter. Farther Finance Advisors LLC now owns 10,766 shares of the company’s stock worth $261,000 after buying an additional 454 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Stock Performance

NYSE:U opened at $42.09 on Tuesday. The firm has a market capitalization of $18.01 billion, a PE ratio of -40.09, a price-to-earnings-growth ratio of 44.01 and a beta of 2.04. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.70. Unity Software has a 12-month low of $15.33 and a 12-month high of $52.15. The firm has a 50-day moving average price of $43.83 and a 200 day moving average price of $39.83.

Unity Software (NYSE:U) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Unity Software had a negative return on equity of 9.45% and a negative net margin of 24.15%.The company had revenue of $470.62 million for the quarter, compared to the consensus estimate of $452.87 million. During the same period in the previous year, the business earned ($0.31) earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Research analysts anticipate that Unity Software will post -1.25 earnings per share for the current fiscal 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.