Brokerages Set Unity Software Inc. (NYSE:U) PT at $45.16

Shares of Unity Software Inc. (NYSE:U) have earned a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $45.1632.

Several equities research analysts have commented on U shares. Citizens Jmp boosted their target price on shares of Unity Software from $37.00 to $45.00 and gave the stock a “market outperform” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Unity Software from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Bank of America upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and raised their price objective for the company from $30.00 to $50.00 in a research note on Friday, August 7th. UBS Group reissued an “outperform” rating on shares of Unity Software in a report on Friday, August 7th. Finally, Zacks Research upgraded shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th.

Unity Software Stock Up 2.6%

U opened at $42.73 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.03 and a quick ratio of 2.03. Unity Software has a 12 month low of $16.78 and a 12 month high of $52.15. The stock has a market capitalization of $18.81 billion, a P/E ratio of -31.42, a P/E/G ratio of 1.82 and a beta of 2.06. The business has a 50 day simple moving average of $37.13 and a 200-day simple moving average of $28.78.

Unity Software (NYSE:U) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.39. The firm had revenue of $546.47 million for the quarter, compared to analyst estimates of $514.72 million. Unity Software had a positive return on equity of 4.64% and a negative net margin of 28.97%.Unity Software’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. On average, equities analysts anticipate that Unity Software will post 0.55 earnings per share for the current fiscal year.

Insider Activity at Unity Software

In other news, SVP Rebecca Boyden sold 1,032 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $45.32, for a total transaction of $46,770.24. Following the sale, the senior vice president owned 308,413 shares of the company’s stock, valued at $13,977,277.16. The trade was a 0.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew Bromberg sold 16,383 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $45.31, for a total value of $742,313.73. Following the completion of the sale, the chief executive officer owned 1,541,131 shares in the company, valued at approximately $69,828,645.61. This represents a 1.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 109,547 shares of company stock valued at $4,884,202 in the last 90 days. Insiders own 0.77% of the company’s stock.

Institutional Trading of Unity Software

Institutional investors have recently bought and sold shares of the company. REAP Financial Group LLC purchased a new position in shares of Unity Software in the fourth quarter valued at $28,000. Larson Financial Group LLC boosted its position in shares of Unity Software by 88.1% in the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after buying an additional 341 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Unity Software in the 4th quarter valued at about $36,000. IFP Advisors Inc acquired a new stake in Unity Software in the 3rd quarter valued at about $33,000. Finally, Los Angeles Capital Management LLC purchased a new position in Unity Software during the 4th quarter valued at about $68,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

About Unity Software

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.