Shares of Unity Software Inc. (NYSE:U – Get Rating) has earned an average rating of “Moderate Buy” from the nineteen brokerages that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The average 12-month price target among analysts that issued a report on the stock in the last year is $49.65.
UU has been the subject of numerous research analyst reports. DA Davidson reduced their price target on Unity Software from $60.00 to $40.00 in a research report on Thursday, November 10th. Citigroup cut their target price on Unity Software from $61.00 to $54.00 in a research report on Monday, November 21st. Needham & Company LLC initiated coverage on Unity Software in a research report on Friday, October 7th. They set a “buy” rating and a $50.00 target price on the stock. Wedbush cut their target price on Unity Software from $70.00 to $45.00 in a research report on Thursday, November 10th. Finally, Piper Sandler cut their target price on Unity Software from $38.00 to $33.00. and set an “overweight” rating on the stock in a research report on Thursday, November 10.
Unity Software Trading Down 1.3 %
NYSE:U opened at $35.69 on Friday. The company has a market cap of $10.73 billion, a PE ratio of -13.27 and a beta of 1.77. The stock has a fifty day moving average of $31.42 and a 200 day moving average of $37.78. Unity Software has a 12-month low of $21.22 and a 12-month high of $186.60. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.77.
Unity Software (NYSE:U – Get Estimates ) last announced its quarterly earnings results on Wednesday, November 9. The company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.17). The business had revenue of $322.88 million for the quarter, compared to analysts’ expectations of $323.33 million. Unity Software had a negative return on equity of 26.00% and a negative margin of 63.17%. Sell-side analysts anticipate that Unity Software will post -1.69 earnings per share for the current fiscal year.
Insider Transactions at Unity Software
In other news, CMO Carol W. Carpenter sold 797 shares of the business’s stock in a transaction that occurred on Tuesday, November 15. The stock was sold at an average price of $34.40, for a total of $27,416.80. Following the sale, the chief marketing officer now owns 437,978 shares of the company’s stock, valued at approximately $15,066,443.20. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this link. Insiders sold 2,391 shares of company stock worth $81,127 in the last quarter. 6.90% of the stock is currently owned by corporate insiders.
Institutional Investors Measure Through Unity Software
Most institutional investors and hedge funds have recently bought and sold shares of stock. Toroso Investments LLC raised its holdings in Unity Software by 39.2% in the 3rd quarter. Toroso Investments LLC now owns 13,863 shares of the company’s stock worth $441,000 after acquiring an additional 3,901 shares during the last quarter. Seaport Global Advisors LLC raised its holdings in Unity Software by 39.8% in the 3rd quarter. Seaport Global Advisors LLC now owns 3,073 shares of the company’s stock worth $98,000 after acquiring an additional 875 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Unity Software by 214.8% in the 3rd quarter. Captrust Financial Advisors now owns 10,407 shares of the company’s stock worth $332,000 after acquiring an additional 7,101 shares during the last quarter. Maven Securities LTD acquired a new position in Unity Software during the 3rd quarter valued at $486,000. Finally, Nomura Holdings Inc. raised its holdings in Unity Software by 1,746.0% in the 3rd quarter. Nomura Holdings Inc. now owns 739,024 shares of the company’s stock worth $23,558,000 after acquiring an additional 698,990 shares during the last quarter. Hedge funds and other institutional investors own 77.37% of the company’s shares.
Unity Software Company Profile
Unity Software Inc uses 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 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, and indirectly through independent distributors and resellers worldwide.
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