Unity Software Inc. (NYSE:U) Given Consensus Recommendation of “Hold” by Analysts

Shares of Unity Software Inc. (NYSE:U) have been assigned a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $22.81.

U has been the subject of several research analyst reports. Jefferies Financial Group increased their price objective on Unity Software from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Morgan Stanley raised their price target on Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Barclays raised their target price on shares of Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Wells Fargo & Company initiated coverage on Unity Software in a report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 target price on the stock. Finally, UBS Group boosted their price objective on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd.

Insider Transactions at Unity Software

In other Unity Software news, Director David Helgason sold 7,860 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $26.45, for a total transaction of $207,897.00. Following the transaction, the director now owns 10,493 shares of the company’s stock, valued at $277,539.85. The trade was a 42.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the completion of the transaction, the director now directly owns 4,248,146 shares in the company, valued at $74,427,517.92. The trade was a 5.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 931,154 shares of company stock worth $21,019,520 in the last quarter. 6.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Unity Software

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 949 shares in the last quarter. R Squared Ltd bought a new stake in Unity Software during the 4th quarter valued at $30,000. Principal Securities Inc. raised its holdings in Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after buying an additional 477 shares during the last quarter. Planning Capital Management Corp acquired a new position in shares of Unity Software during the third quarter valued at about $34,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Unity Software by 163.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after acquiring an additional 1,389 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Price Performance

NYSE U opened at $20.40 on Tuesday. Unity Software has a 1 year low of $13.90 and a 1 year high of $35.56. The company’s 50 day simple moving average is $23.30 and its two-hundred day simple moving average is $20.70. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

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.