Analysts Set Unity Software Inc. (NYSE:U) PT at $23.35

Unity Software Inc. (NYSE:U) has been given a consensus rating of “Hold” by the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $22.21.

A number of brokerages have recently issued reports on U. Wedbush increased their price objective on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. UBS Group increased their price target on Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Needham & Company LLC boosted their price objective on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, November 8th. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. Finally, Stifel Nicolaus lifted their target price on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, September 13th.

Insider Activity

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the transaction, the director now owns 4,248,146 shares in the company, valued at $74,427,517.92. The trade was a 5.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Helgason sold 7,860 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $26.45, for a total transaction of $207,897.00. Following the completion of the sale, the director now owns 10,493 shares of the company’s stock, valued at $277,539.85. This trade represents a 42.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 512,669 shares of company stock worth $11,225,869. 6.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Oddo BHF Asset Management Sas bought a new position in Unity Software in the third quarter worth approximately $728,000. Tidal Investments LLC lifted its holdings in shares of 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 buying an additional 723 shares during the period. Neo Ivy Capital Management bought a new position in shares of Unity Software during the 3rd quarter worth $714,000. Coldstream Capital Management Inc. increased its stake in shares of Unity Software by 1.0% during the third quarter. Coldstream Capital Management Inc. now owns 140,659 shares of the company’s stock valued at $3,180,000 after buying an additional 1,424 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Unity Software by 9.7% in the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after acquiring an additional 413,474 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Trading Up 1.1 %

Unity Software stock opened at $22.51 on Monday. Unity Software has a 12-month low of $13.90 and a 12-month high of $43.54. The firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of -11.03 and a beta of 2.33. The firm has a 50 day moving average of $22.37 and a 200 day moving average of $19.22. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software Company Profile

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.