Analysts Set Unity Software Inc. (NYSE:U) Price Target at $34.79

Shares of Unity Software Inc. (NYSE:U) have earned a consensus rating of “Hold” from the twenty-two analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $33.47.

Several research analysts have issued reports on the company. Macquarie cut their price target on Unity Software from $20.00 to $14.00 and set an “underperform” rating on the stock in a report on Thursday. The Goldman Sachs Group dropped their target price on Unity Software from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Wedbush restated an “outperform” rating and issued a $33.50 target price on shares of Unity Software in a report on Friday, May 10th. Barclays dropped their target price on Unity Software from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Finally, Needham & Company LLC restated a “buy” rating and issued a $31.00 target price on shares of Unity Software in a report on Friday, May 10th.

Insider Activity at Unity Software

In related news, insider Marc Whitten sold 86,768 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $20.60, for a total transaction of $1,787,420.80. Following the sale, the insider now directly owns 2,483 shares in the company, valued at approximately $51,149.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Luis Felipe Visoso sold 42,718 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $19.10, for a total transaction of $815,913.80. Following the completion of the transaction, the chief financial officer now directly owns 1,598,345 shares in the company, valued at $30,528,389.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Marc Whitten sold 86,768 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $20.60, for a total value of $1,787,420.80. Following the transaction, the insider now owns 2,483 shares of the company’s stock, valued at $51,149.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 245,736 shares of company stock worth $4,832,120. 6.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Unity Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC purchased a new position in shares of Unity Software in the 1st quarter worth about $2,747,000. Cetera Investment Advisers boosted its holdings in shares of Unity Software by 346.5% in the 1st quarter. Cetera Investment Advisers now owns 119,938 shares of the company’s stock worth $3,202,000 after purchasing an additional 93,078 shares in the last quarter. PGGM Investments purchased a new position in shares of Unity Software in the 1st quarter worth about $693,000. Virtu Financial LLC purchased a new position in shares of Unity Software in the 1st quarter worth about $1,147,000. Finally, EMC Capital Management boosted its holdings in shares of Unity Software by 100.0% in the 1st quarter. EMC Capital Management now owns 5,000 shares of the company’s stock worth $130,000 after purchasing an additional 2,500 shares in the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Unity Software Stock Performance

Shares of Unity Software stock opened at $16.26 on Monday. Unity Software has a one year low of $15.23 and a one year high of $50.08. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.15 and a current ratio of 2.15. The stock’s 50-day moving average is $20.10 and its 200 day moving average is $27.60.

Unity Software (NYSE:U) last announced its earnings results on Thursday, May 9th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.13. Unity Software had a negative return on equity of 7.73% and a negative net margin of 40.11%. The company had revenue of $460.38 million for the quarter, compared to analyst estimates of $422.53 million. As a group, equities analysts anticipate that Unity Software will post -1.81 EPS for the current fiscal year.

Unity Software Company Profile

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.