Unity Software Inc. (NYSE:U) Given Average Rating of “Hold” by Analysts

Shares of Unity Software Inc. (NYSE:U) have been assigned a consensus rating of “Hold” from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $22.81.

A number of research analysts have weighed in on the company. UBS Group lifted their target price on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Barclays raised their price target on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Wells Fargo & Company assumed coverage on Unity Software in a research note on Monday, October 28th. They issued an “equal weight” rating and a $20.00 target price on the stock. Finally, Macquarie lifted their price objective on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th.

Insider Buying and Selling at Unity Software

In related news, Director David Helgason sold 7,860 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $26.45, for a total value of $207,897.00. Following the completion of the transaction, the director now directly owns 10,493 shares in the company, valued at approximately $277,539.85. The trade was a 42.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the 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 transaction, the director now owns 4,248,146 shares of the company’s stock, valued at approximately $74,427,517.92. The trade was a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 931,154 shares of company stock valued at $21,019,520 in the last 90 days. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Unity Software

Several institutional investors and hedge funds have recently modified their holdings of U. GAMMA Investing LLC boosted its stake in Unity Software by 343.8% during the 3rd 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 last quarter. R Squared Ltd purchased a new stake in Unity Software in the 4th quarter valued at $30,000. Principal Securities Inc. boosted its holdings in Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after acquiring an additional 477 shares during the last quarter. Planning Capital Management Corp purchased a new stake in shares of Unity Software in the third quarter valued at about $34,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Unity Software by 163.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after purchasing an additional 1,389 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Stock Down 3.1 %

Shares of U opened at $20.40 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The business has a 50-day moving average of $23.30 and a 200-day moving average of $20.70. Unity Software has a 1 year low of $13.90 and a 1 year high of $35.56.

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.