Unity Software Inc. (NYSE:U) Receives $26.46 Average Target Price from Analysts

Shares of Unity Software Inc. (NYSE:U) have been assigned an average rating of “Hold” from the nineteen analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $26.46.

A number of brokerages recently weighed in on U. The Goldman Sachs Group reduced their target price on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a report on Friday, August 9th. Stifel Nicolaus decreased their target price on Unity Software from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Wedbush cut their price target on Unity Software from $33.50 to $21.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Benchmark lowered their price objective on shares of Unity Software from $16.00 to $10.00 and set a “sell” rating on the stock in a research note on Friday, August 9th. Finally, Piper Sandler reiterated a “neutral” rating and set a $17.00 target price (down from $25.00) on shares of Unity Software in a research note on Friday, August 9th.

Insider Transactions at Unity Software

In other Unity Software news, SVP Anirma Gupta sold 1,506 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $16.73, for a total value of $25,195.38. Following the transaction, the senior vice president now directly owns 409,540 shares in the company, valued at approximately $6,851,604.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 5,472 shares of company stock worth $90,871. Corporate insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

Institutional investors and hedge funds have recently made changes to their positions in the business. Principal Securities Inc. bought a new stake in Unity Software in the fourth quarter valued at approximately $37,000. Tidemark LLC bought a new stake in shares of Unity Software in the 4th quarter valued at $39,000. Tradewinds Capital Management LLC raised its stake in Unity Software by 245.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after buying an additional 700 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in Unity Software by 2,429.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock worth $28,000 after acquiring an additional 996 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in 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 own 73.46% of the company’s stock.

Unity Software Stock Performance

Shares of Unity Software stock opened at $17.22 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.36. Unity Software has a 1 year low of $13.90 and a 1 year high of $43.54. The firm’s 50-day simple moving average is $16.29 and its 200-day simple moving average is $20.50. The firm has a market cap of $6.83 billion, a PE ratio of -7.69 and a beta of 2.25.

Unity Software (NYSE:U) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.12. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The company had revenue of $449.30 million during the quarter, compared to analysts’ expectations of $438.37 million. During the same quarter in the prior year, the business posted ($0.26) earnings per share. The company’s revenue for the quarter was down 15.8% compared to the same quarter last year. Equities analysts forecast that Unity Software will post -1.86 earnings per share for the current fiscal year.

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.