Shares of Unity Software Inc. (NYSE:U – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the twenty-three ratings firms 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 assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $45.1632.
A number of equities analysts have recently issued reports on the stock. BTIG Research increased their price target on shares of Unity Software from $43.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Barclays boosted their price objective on shares of Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. UBS Group restated an “outperform” rating on shares of Unity Software in a research report on Friday, August 7th. Bank of America raised shares of Unity Software from a “neutral” rating to a “buy” rating and increased their target price for the company from $30.00 to $50.00 in a report on Friday, August 7th. Finally, Wells Fargo & Company increased their target price on shares of Unity Software from $36.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, August 7th.
View Our Latest Stock Report on U
Unity Software Trading Down 1.1%
Unity Software (NYSE:U – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.39. Unity Software had a negative net margin of 28.97% and a positive return on equity of 4.64%. The firm had revenue of $546.47 million during the quarter, compared to the consensus estimate of $514.72 million. During the same quarter last year, the firm earned $0.18 earnings per share. The firm’s revenue was up 24.0% compared to the same quarter last year. Equities research analysts expect that Unity Software will post 0.55 EPS for the current year.
Insider Transactions at Unity Software
In related news, SVP Rebecca Boyden sold 1,032 shares of the firm’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 value of $46,770.24. Following the completion of the transaction, the senior vice president directly owned 308,413 shares of the company’s stock, valued at $13,977,277.16. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jarrod Yahes sold 26,017 shares of Unity Software stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $45.31, for a total value of $1,178,830.27. Following the transaction, the chief financial officer directly owned 678,343 shares of the company’s stock, valued at $30,735,721.33. This trade represents a 3.69% 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. In the last 90 days, insiders have sold 109,547 shares of company stock worth $4,884,202. 0.77% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Unity Software
A number of large investors have recently bought and sold shares of U. Corient Private Wealth LP increased its position in Unity Software by 194.1% during the second quarter. Corient Private Wealth LP now owns 48,691 shares of the company’s stock worth $1,392,000 after buying an additional 32,135 shares in the last quarter. Amundi lifted its holdings in Unity Software by 4.7% in the 2nd quarter. Amundi now owns 2,334,695 shares of the company’s stock valued at $66,726,000 after purchasing an additional 105,268 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Unity Software by 5.9% during the 2nd quarter. HighTower Advisors LLC now owns 49,198 shares of the company’s stock worth $1,406,000 after purchasing an additional 2,762 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Unity Software during the 2nd quarter worth about $600,000. Finally, California State Teachers Retirement System grew its holdings in shares of Unity Software by 2,948.2% during the second quarter. California State Teachers Retirement System now owns 11,202,931 shares of the company’s stock worth $320,180,000 after buying an additional 10,835,410 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.
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.
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