Unity Software (NYSE:U) Earns Neutral Rating from Analysts at Macquarie

Macquarie assumed coverage on shares of Unity Software (NYSE:U) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $24.00 target price on the stock.

U has been the topic of several other reports. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. UBS Group increased their price target on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and set a $27.00 price objective on shares of Unity Software in a research report on Thursday, February 13th. Jefferies Financial Group upped their target price on shares of Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. Finally, Needham & Company LLC lifted their price target on shares of Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.61.

Unity Software Stock Up 2.6 %

Shares of NYSE:U opened at $21.52 on Monday. The firm has a market capitalization of $8.81 billion, a PE ratio of -12.81 and a beta of 2.27. Unity Software has a 1 year low of $13.90 and a 1 year high of $30.88. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The firm’s 50-day moving average is $22.88 and its two-hundred day moving average is $21.88.

Unity Software (NYSE:U) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. The firm had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Analysts predict that Unity Software will post -1.25 EPS for the current year.

Insider Activity at Unity Software

In other news, Director Tomer Bar-Zeev sold 236,337 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total value of $5,653,181.04. Following the completion of the sale, the director now directly owns 3,161,809 shares of the company’s stock, valued at approximately $75,630,471.28. This represents a 6.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Helgason sold 38,924 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $26.92, for a total transaction of $1,047,834.08. Following the completion of the sale, the director now owns 7,828,494 shares of the company’s stock, valued at approximately $210,743,058.48. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 864,537 shares of company stock valued at $20,839,722 in the last ninety days. Insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Anderson Financial Strategies LLC acquired a new position in shares of Unity Software in the fourth quarter valued at approximately $28,000. R Squared Ltd acquired a new stake in shares of Unity Software during the fourth quarter worth $30,000. Principal Securities Inc. grew its position in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares during the last quarter. Planning Capital Management Corp purchased a new position in Unity Software in the 3rd quarter valued at $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Unity Software in the 4th quarter valued at $36,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.