Unity Software Inc. (NYSE:U) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Unity Software Inc. (NYSE:U) have been assigned an average rating of “Moderate Buy” from the twenty-three brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $48.86.

A number of brokerages have recently commented on U. Citigroup upped their price target on Unity Software from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Wells Fargo & Company lifted their price objective on shares of Unity Software from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. UBS Group lifted their price objective on shares of Unity Software from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday. HSBC upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $47.10 price objective for the company in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Unity Software from a “hold” rating to a “buy” rating and upped their target price for the company from $31.00 to $50.00 in a research note on Friday, August 7th.

Unity Software Stock Down 1.7%

Shares of Unity Software stock opened at $39.42 on Thursday. The business has a fifty day simple moving average of $42.90 and a 200 day simple moving average of $31.88. The stock has a market cap of $17.35 billion, a PE ratio of -28.98, a price-to-earnings-growth ratio of 1.79 and a beta of 2.11. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55. Unity Software has a 12 month low of $16.78 and a 12 month high of $52.15.

Unity Software (NYSE:U) last released its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.39. Unity Software had a positive return on equity of 4.64% and a negative net margin of 28.97%. The firm had revenue of $546.47 million for the quarter, compared to analyst estimates of $514.72 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up 24.0% on a year-over-year basis. Research analysts predict that Unity Software will post 0.55 EPS for the current year.

Insider Activity

In other Unity Software news, CFO Jarrod Yahes sold 26,017 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $45.31, for a total value of $1,178,830.27. Following the completion of the sale, the chief financial officer directly owned 678,343 shares in the company, valued at $30,735,721.33. This represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Alexander Blum sold 43,556 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $43.51, for a total value of $1,895,121.56. Following the sale, the chief operating officer directly owned 661,855 shares in the company, valued at approximately $28,797,311.05. This represents a 6.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 109,547 shares of company stock worth $4,884,202 over the last quarter. Corporate insiders own 0.77% of the company’s stock.

Institutional Trading of Unity Software

A number of large investors have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Unity Software by 22.9% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 25,800 shares of the company’s stock valued at $1,056,000 after purchasing an additional 4,800 shares during the last quarter. Parcion Private Wealth LLC lifted its position in shares of Unity Software by 70.3% in the third quarter. Parcion Private Wealth LLC now owns 15,163 shares of the company’s stock valued at $621,000 after buying an additional 6,260 shares during the last quarter. Soltis Investment Advisors LLC acquired a new stake in shares of Unity Software in the third quarter valued at approximately $318,000. Choreo LLC lifted its position in shares of Unity Software by 14.4% in the third quarter. Choreo LLC now owns 14,654 shares of the company’s stock valued at $600,000 after buying an additional 1,842 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its stake in shares of Unity Software by 9.3% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 47,000 shares of the company’s stock worth $1,867,000 after acquiring an additional 4,000 shares during the period. 73.46% of the stock is owned by institutional investors.

Unity Software Company Profile

Unity Software Inc develops software and services for creating, operating and monetizing interactive, real-time content. Its core product is the Unity engine, a development platform used to build video games and experiences for mobile devices, personal computers, consoles, augmented and virtual reality systems, and other platforms.

The company also provides tools and services that support the development and operation of interactive applications, including collaboration and cloud-based development tools, multiplayer and voice communication capabilities, analytics, advertising, and in-app monetization solutions.