Unity Software Inc. (NYSE:U) Receives $149.64 Average PT from Analysts

Unity Software Inc. (NYSE:UGet Rating) has earned an average recommendation of “Buy” from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $149.64.

A number of research analysts have recently commented on U shares. Oppenheimer lowered their target price on Unity Software from $185.00 to $135.00 in a research report on Friday, February 4th. The Goldman Sachs Group lowered their target price on Unity Software from $154.00 to $137.00 and set a “buy” rating for the company in a research report on Thursday, April 14th. Stifel Nicolaus lowered their price target on Unity Software from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, March 21st. Credit Suisse Group lowered their price target on Unity Software from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Friday, February 4th. Finally, Zacks Investment Research upgraded Unity Software from a “sell” rating to a “hold” rating in a research report on Wednesday, January 12th.

In related news, Director David Helgason sold 83,333 shares of the firm’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $101.31, for a total transaction of $8,442,466.23. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Marc Whitten sold 2,283 shares of the firm’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $98.59, for a total transaction of $225,080.97. Following the sale, the senior vice president now owns 219,897 shares in the company, valued at approximately $21,679,645.23. The disclosure for this sale can be found here. Insiders have sold 131,405 shares of company stock valued at $13,540,164 in the last ninety days. Corporate insiders own 19.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Northern Oak Wealth Management Inc. purchased a new position in shares of Unity Software in the fourth quarter worth about $25,000. Parkside Financial Bank & Trust lifted its stake in shares of Unity Software by 6,700.0% in the third quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock worth $26,000 after buying an additional 201 shares in the last quarter. Rockbridge Investment Management LCC acquired a new stake in Unity Software during the fourth quarter worth about $26,000. Liberty Wealth Management LLC increased its position in Unity Software by 376.7% during the third quarter. Liberty Wealth Management LLC now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 162 shares during the last quarter. Finally, Ellevest Inc. increased its position in Unity Software by 276.7% during the fourth quarter. Ellevest Inc. now owns 226 shares of the company’s stock worth $32,000 after purchasing an additional 166 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of U opened at $87.30 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.44 and a quick ratio of 3.44. Unity Software has a 1 year low of $73.12 and a 1 year high of $210.00. The company has a 50 day simple moving average of $96.34 and a two-hundred day simple moving average of $125.67. The firm has a market cap of $25.67 billion, a P/E ratio of -46.14 and a beta of 2.38.

Unity Software (NYSE:UGet Rating) last announced its quarterly earnings data on Thursday, February 3rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01). Unity Software had a negative net margin of 47.96% and a negative return on equity of 20.13%. The company had revenue of $315.86 million for the quarter, compared to analysts’ expectations of $291.21 million. During the same period last year, the business earned ($0.28) earnings per share. On average, sell-side analysts anticipate that Unity Software will post -1.55 earnings per share for the current year.

Unity Software Company Profile (Get Rating)

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.

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