Unity Software Inc. (NYSE:U) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Unity Software Inc. (NYSE:U) have received an average rating of “Moderate Buy” from the twenty-two ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $38.7667.

U has been the topic of a number of research analyst reports. BTIG Research lifted their price target on shares of Unity Software from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. UBS Group raised their price objective on Unity Software from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. The Goldman Sachs Group decreased their price objective on Unity Software from $47.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Citizens Jmp restated a “market outperform” rating and issued a $37.00 price objective on shares of Unity Software in a report on Friday, March 27th. Finally, Wells Fargo & Company raised their price objective on Unity Software from $29.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, May 8th.

Insider Buying and Selling at Unity Software

In other Unity Software news, CAO Mark Barrysmith sold 10,578 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total value of $191,144.46. Following the transaction, the chief accounting officer owned 383,901 shares in the company, valued at approximately $6,937,091.07. This trade represents a 2.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Alexander Blum sold 10,164 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total value of $183,663.48. Following the completion of the transaction, the chief operating officer owned 550,966 shares in the company, valued at $9,955,955.62. The trade was a 1.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 41,684 shares of company stock worth $773,350. Corporate insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Unity Software by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 35,553,296 shares of the company’s stock worth $1,570,389,000 after acquiring an additional 996,685 shares during the period. Wellington Management Group LLP raised its holdings in shares of Unity Software by 58.7% during the 3rd quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock worth $729,284,000 after acquiring an additional 6,734,285 shares during the period. Geode Capital Management LLC raised its holdings in shares of Unity Software by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 5,852,047 shares of the company’s stock worth $258,547,000 after acquiring an additional 328,595 shares during the period. Norges Bank purchased a new position in shares of Unity Software during the 4th quarter worth $230,285,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of Unity Software by 37.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,628,328 shares of the company’s stock worth $112,006,000 after acquiring an additional 1,270,798 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Price Performance

Unity Software stock opened at $25.50 on Monday. The company’s fifty day moving average price is $23.57 and its 200 day moving average price is $31.78. Unity Software has a 1 year low of $16.78 and a 1 year high of $52.15. The stock has a market capitalization of $11.13 billion, a P/E ratio of -16.24, a P/E/G ratio of 2.91 and a beta of 2.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 1.95.

Unity Software Company Profile

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.