Unity Software Inc. (NYSE:U) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Unity Software Inc. (NYSE:U - Get Free Report) have received an average rating of "Moderate Buy" from the eighteen research firms that are presently covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $23.96.

U has been the topic of a number of recent research reports. Barclays lifted their target price on Unity Software from $18.00 to $26.00 and gave the company an "equal weight" rating in a research report on Friday, February 21st. Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. UBS Group reduced their price target on Unity Software from $30.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Morgan Stanley decreased their price objective on Unity Software from $32.00 to $25.00 and set an "overweight" rating for the company in a report on Thursday, April 17th.

Unity Software Trading Up 4.1 %

NYSE U traded up $0.86 on Friday, reaching $21.81. The company had a trading volume of 1,313,322 shares, compared to its average volume of 10,876,811. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of -12.94 and a beta of 2.31. The stock's 50 day moving average is $21.51 and its 200-day moving average is $21.99. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software has a 52 week low of $13.90 and a 52 week high of $30.88.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping analysts' consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The company had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Equities analysts predict that Unity Software will post -1.25 earnings per share for the current year.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 236,337 shares of Unity Software stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the completion of the sale, the director now owns 3,161,809 shares of the company's stock, valued at $75,630,471.28. The trade was a 6.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mark Barrysmith sold 1,395 shares of Unity Software stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total transaction of $30,243.60. Following the transaction, the chief accounting officer now directly owns 450,881 shares in the company, valued at $9,775,100.08. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 782,231 shares of company stock valued at $17,933,528. Company insiders own 6.30% of the company's stock.

Hedge Funds Weigh In On Unity Software

A number of hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after purchasing an additional 411 shares during the last quarter. Principal Securities Inc. lifted its stake in Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after acquiring an additional 477 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Unity Software by 3.5% during the 4th quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company's stock valued at $324,000 after acquiring an additional 488 shares during the last quarter. Bouvel Investment Partners LLC raised its holdings in shares of Unity Software by 1.7% during the first quarter. Bouvel Investment Partners LLC now owns 35,595 shares of the company's stock valued at $697,000 after purchasing an additional 580 shares during the last quarter. Finally, Tidal Investments LLC grew its position in Unity Software by 4.9% in the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company's stock worth $349,000 after purchasing an additional 723 shares during the period. Hedge funds and other institutional investors own 73.46% of the company's stock.

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.