Unity Software Inc. (NYSE:U) has been assigned a consensus recommendation of “Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $128.30.
Several equities analysts have recently weighed in on the company. Morgan Stanley initiated coverage on Unity Software in a report on Wednesday, June 30th. They set an “equal weight” rating and a $115.00 price target on the stock. Wedbush lowered their target price on Unity Software from $175.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, May 12th. Stifel Nicolaus raised Unity Software from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a research report on Wednesday, May 12th. Oppenheimer raised shares of Unity Software from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 20th. Finally, Credit Suisse Group began coverage on shares of Unity Software in a report on Monday, April 5th. They issued an “outperform” rating and a $170.00 price objective on the stock.
Shares of U traded up $0.77 on Thursday, hitting $104.08. 69,086 shares of the stock traded hands, compared to its average volume of 2,542,248. Unity Software has a one year low of $65.11 and a one year high of $174.94. The stock has a market cap of $29.08 billion and a P/E ratio of -89.06. The firm has a 50 day simple moving average of $99.95.
In other news, major shareholder 2020 Aps Otee sold 120,000 shares of the company’s stock in a transaction dated Friday, May 21st. The shares were sold at an average price of $93.10, for a total transaction of $11,172,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Ruth Ann Keene sold 7,000 shares of Unity Software stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $83.31, for a total value of $583,170.00. Following the completion of the transaction, the senior vice president now owns 77,121 shares of the company’s stock, valued at approximately $6,424,950.51. The disclosure for this sale can be found here. Insiders sold 953,585 shares of company stock worth $92,408,152 over the last ninety days.
A number of hedge funds have recently bought and sold shares of U. Stifel Financial Corp raised its holdings in shares of Unity Software by 627.5% in the first quarter. Stifel Financial Corp now owns 152,346 shares of the company’s stock worth $15,282,000 after buying an additional 131,405 shares during the period. LA Financiere DE L Echiquier grew its holdings in Unity Software by 230.6% during the 1st quarter. LA Financiere DE L Echiquier now owns 162,000 shares of the company’s stock worth $16,251,000 after acquiring an additional 113,000 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Unity Software by 449.8% in the 1st quarter. D.A. Davidson & CO. now owns 11,694 shares of the company’s stock valued at $1,173,000 after purchasing an additional 9,567 shares in the last quarter. Morgan Stanley increased its holdings in Unity Software by 45.2% during the fourth quarter. Morgan Stanley now owns 3,575,338 shares of the company’s stock valued at $548,705,000 after buying an additional 1,113,783 shares during the period. Finally, HarbourVest Partners LLC purchased a new stake in Unity Software during the first quarter worth $2,197,000. Institutional investors and hedge funds own 75.72% of the company’s stock.
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.
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