Unity Software Inc. (NYSE:U) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Unity Software Inc. (NYSE:U - Get Free Report) have earned an average rating of "Moderate Buy" from the nineteen ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $24.47.

A number of research firms have recently weighed in on U. Macquarie initiated coverage on Unity Software in a research note on Monday, March 10th. They issued a "neutral" rating and a $24.00 target price for the company. Citizens Jmp raised Unity Software from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Wedbush raised Unity Software to a "strong-buy" rating in a research note on Tuesday. Stifel Nicolaus cut their target price on shares of Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Citigroup raised shares of Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 target price on the stock in a research note on Tuesday, March 11th.

Insider Activity

In other news, Director David Helgason sold 261,473 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $25.70, for a total value of $6,719,856.10. Following the completion of the transaction, the director owned 7,489,173 shares in the company, valued at $192,471,746.10. This trade represents a 3.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew S. Bromberg sold 133,072 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $21.24, for a total value of $2,826,449.28. Following the completion of the sale, the chief executive officer directly owned 1,222,812 shares in the company, valued at approximately $25,972,526.88. The trade was a 9.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,127,944 shares of company stock worth $27,166,375. Company insiders own 3.61% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Cornerstone Planning Group LLC increased its position in Unity Software by 30,300.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after buying an additional 1,212 shares in the last quarter. Anderson Financial Strategies LLC bought a new position in Unity Software in the 4th quarter worth about $28,000. Banque Transatlantique SA bought a new stake in Unity Software during the 1st quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Unity Software in the fourth quarter worth about $36,000. Finally, Itau Unibanco Holding S.A. lifted its stake in shares of Unity Software by 150.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock worth $40,000 after buying an additional 1,068 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Stock Performance

NYSE:U opened at $26.14 on Friday. The company has a market capitalization of $10.86 billion, a price-to-earnings ratio of -23.33 and a beta of 2.29. The business has a 50 day moving average of $23.14 and a 200 day moving average of $22.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.74 and a quick ratio of 2.74. Unity Software has a 1-year low of $13.90 and a 1-year high of $30.88.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($0.38) by $0.19. Unity Software had a negative net margin of 25.21% and a negative return on equity of 14.12%. The firm had revenue of $435.00 million during the quarter, compared to analyst estimates of $415.77 million. During the same period in the previous year, the business posted $0.28 EPS. The business's quarterly revenue was down 5.5% on a year-over-year basis. On average, sell-side analysts predict that Unity Software will post -1.25 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.