Marketbeat reports that Unity Software Inc. (NYSE:U – Get Free Report) stock receives an average recommendation of “Hold” from the 21 rating agencies currently covering the company. 1 research analyst recommends the company’s stock as a sell, 11 recommend it as a hold, and 9 recommend it as a buy. The average one-year price target among analysts who published reports on the company’s stock last year is $37.03.
Several stock analysts are paying close attention to U stock. Citigroup lowered their target price on Unity Software from $50.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Macquarie downgraded Unity Software shares from a “neutral” rating to an “underperform” rating and set a $20.00 price target for the company. In a report on Monday, February 12th. Piper Sandler upgraded shares of Unity Software from an “underweight” rating to a “neutral” rating and lowered their price target for the company from $35.00 to $30.00 in a research note on Tuesday, February 27th. Needham & Company LLC lowered their target price on shares of Unity Software from his $40.00 to his $31.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus increased their target price on shares of Unity Software from his $32.00 to his $35.00 and gave the company a “buy” rating in a research report on Friday, March 1st.
Read the latest stock analysis on Unity Software
Insiders place bets
In related news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total transaction of $6,647,500.00. Following the transaction, the director now directly owns 4,498,146 shares of the company’s stock, valued at $119,605,702.14. The sale was disclosed in his SEC filing, which can be accessed through this link. In other Unity Software news, SVP Anirma Gupta sold 2,551 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $39.99, for a total value of $102,014.49. Following the completion of the sale, the senior vice president now owns 397,741 shares of the company’s stock, valued at $15,905,662.59. The sale was disclosed in his SEC filing, which is available at this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total transaction of $6,647,500.00. Following the transaction, the director now owns 4,498,146 shares of the company’s stock, valued at approximately $119,605,702.14. Disclosures regarding this sale can be found here. Insiders sold a total of 533,293 shares of company stock worth $17,357,158 over the past three months. Company insiders own 9.00% of the company’s stock.
Institutional investors take note of Unity software
A number of large investors have recently bought and sold shares in the company. Harvest Fund Management Co. Ltd bought a new position in shares of Unity Software during the 4th quarter valued at approximately $27,000. Front Row Advisors LLC grew its holdings in shares of Unity Software by 15,550.0% in the 2nd quarter. Front Row Advisors LLC now owns 626 shares of the company’s stock valued at $27,000 after acquiring an additional 622 shares during the period. Huntington National Bank boosted its position in Unity Software by 665.0% in the 3rd quarter. Huntington National Bank now owns 895 shares of the company’s stock valued at $28,000 after purchasing an additional 778 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Unity Software during the 4th quarter valued at $28,000. Finally, Meitav Investment House Ltd. acquired a new stake in Unity Software during the 2nd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 64.74% of the company’s stock.
Unity software trading up 0.4%
U’s stock opened Friday at $26.10. The company has a market capitalization of $10.07 billion, a P/E ratio of -12.08 and a beta of 2.44. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60, and a quick ratio of 2.60. Unity Software has a 1-year low of $22.20 and a 1-year high of $50.08. The company’s 50 day simple moving average is $31.87 and its 200 day simple moving average is $32.21.
Unity Software (NYSE:U – Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported ($0.66 EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.89). The company had revenue of $609.27 million for the quarter, compared to analyst estimates of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net profit margin of 37.64%. The company’s revenue for the quarter increased 35.1% compared to the same period last year. The company’s EPS for the same period last year was ($0.50). On average, equity analysts expect Unity Software to post -0.63 earnings per share for the current fiscal year.
Unity Software Company Profile
(Get your free report
Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions for creating, running, and monetizing interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented reality and virtual reality devices. The company provides 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. We offer solutions.
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