Unity Software Inc. (NYSE:U) Receives $38.52 Consensus Target Price from Analysts

by · The Cerbat Gem

Shares of Unity Software Inc. (NYSE:U – Get Free Report) have been given an average rating of “Hold” by the twenty-three analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $39.9889.

U has been the topic of several research analyst reports. Wedbush boosted their price objective on Unity Software from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unity Software in a research note on Wednesday, October 8th. Zacks Research cut shares of Unity Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Arete raised shares of Unity Software from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Monday. Finally, UBS Group lifted their price objective on shares of Unity Software from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, October 20th.

Check Out Our Latest Research Report on Unity Software

Insiders Place Their Bets

In related news, CFO Jarrod Yahes sold 34,719 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $41.38, for a total transaction of $1,436,672.22. Following the completion of the transaction, the chief financial officer directly owned 573,871 shares of the company’s stock, valued at $23,746,781.98. The trade was a 5.70% 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 41,025 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $41.38, for a total value of $1,697,614.50. Following the transaction, the chief executive officer directly owned 1,192,541 shares of the company’s stock, valued at approximately $49,347,346.58. This represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 2,506,658 shares of company stock valued at $107,478,975. Corporate insiders own 3.61% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of U. GAMMA Investing LLC raised its stake in Unity Software by 10.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,967 shares of the company’s stock worth $119,000 after acquiring an additional 288 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of Unity Software by 12.9% during the third quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock worth $108,000 after purchasing an additional 308 shares during the last quarter. Xponance Inc. grew its holdings in shares of Unity Software by 1.8% during the third quarter. Xponance Inc. now owns 18,291 shares of the company’s stock worth $732,000 after purchasing an additional 328 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after purchasing an additional 341 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Unity Software by 28.4% in the 2nd quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock valued at $45,000 after purchasing an additional 412 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Stock Performance

Shares of U stock opened at $44.70 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.78 and a current ratio of 2.78. The firm has a market cap of $19.13 billion, a P/E ratio of -42.58 and a beta of 2.04. The firm’s 50 day moving average price is $38.89 and its 200-day moving average price is $34.64. Unity Software has a one year low of $15.33 and a one year high of $46.94.

Unity Software (NYSE:U – Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.20 earnings per share (EPS) 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 analyst estimates of $452.87 million. During the same quarter in the previous year, the company earned ($0.31) earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts predict that Unity Software will post -1.25 EPS for the current year.

Unity Software Company Profile

(Get Free Report)

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.

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