Unity Software Inc. (NYSE:U) Receives $23.35 Consensus Price Target from Brokerages

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

A number of equities research analysts recently weighed in on U shares. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. UBS Group raised their price target on shares of Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Stifel Nicolaus boosted their price objective on shares of Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Macquarie increased their target price on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Friday, November 8th. Finally, Barclays lifted their price target on shares of Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th.

Insider Activity

In related news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $17.52, for a total value of $4,380,000.00. Following the sale, the director now directly owns 4,248,146 shares in the company, valued at approximately $74,427,517.92. The trade was a 5.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Shlomo Dovrat sold 3,750 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $17.99, for a total transaction of $67,462.50. Following the completion of the transaction, the director now directly owns 2,394,935 shares in the company, valued at approximately $43,084,880.65. This represents a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 512,669 shares of company stock valued at $11,225,869 in the last ninety days. Insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

Several hedge funds have recently made changes to their positions in U. Farther Finance Advisors LLC increased its stake in Unity Software by 4.0% in the third quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock valued at $315,000 after purchasing an additional 538 shares during the period. Tidal Investments LLC raised its position in Unity Software by 4.9% in the third quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock worth $349,000 after acquiring an additional 723 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Unity Software by 28.7% in the third quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock valued at $89,000 after acquiring an additional 876 shares during the period. GAMMA Investing LLC lifted its stake in shares of Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after purchasing an additional 949 shares during the period. Finally, Intech Investment Management LLC grew its holdings in shares of Unity Software by 8.2% in the 2nd quarter. Intech Investment Management LLC now owns 13,270 shares of the company’s stock worth $216,000 after acquiring an additional 1,010 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Stock Up 1.1 %

Unity Software stock opened at $22.51 on Monday. Unity Software has a twelve month low of $13.90 and a twelve month high of $43.54. The business has a fifty day moving average of $22.37 and a two-hundred day moving average of $19.22. The firm has a market cap of $9.07 billion, a P/E ratio of -11.03 and a beta of 2.33. The company has a quick ratio of 2.41, a current 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.