According to Bloomberg Ratings, Unity Software Inc. $Unity Software Inc.(U)$ has received a consensus rating of “Hold” from the seventeen analysts currently covering the company. Out of the seventeen analysts, one analyst has rated the stock as a sell, seven analysts have given it a hold recommendation, and nine analysts recommend buying Unity Software shares. The average 12-month price target for the stock, based on analysis from various brokerages in the past year, is $42.69.
In recent news related to Unity Software, Director Shlomo Dovrat sold 116,775 shares of the company’s stock in a transaction that took place on Thursday, June 1st. The average selling price per share was $29.91, resulting in a total transaction value of $3,492,740.25. Following this sale, the director now holds 105,330 shares valued at $3,150,420.30. This transaction was disclosed through a filing with the Securities and Exchange Commission (SEC), accessible via their official website.
Similarly, Chief Marketing Officer Carol W. Carpenter sold 2,000 shares of Unity Software’s stock on June 1st at an average price of $29.09 per share for a total value of $58,180.00. Post-sale completion, the chief marketing officer owns 389,928 shares worth $11,343,005.52.
It is noteworthy to mention that Director Shlomo Dovrat also sold an additional 116,775 shares on June 1st at an average price of $29.91 per share for a total value of $3,492,740.25. Following this completion of this sale transaction as well , the director retains ownership of approximately 105,330 shares valued at approximately $3 ,150 ,420 .30 . Additional details regarding this particular sale can be found through the provided hyperlink.
Throughout the last 90 days, insiders within Unity Software have sold a cumulative total of 596,571 shares of company stock with an estimated value of $23,661,047. This translates to insiders holding approximately 9.00% of the company’s stock.
Furthermore, Unity Software recently released its earnings results for the quarter ended on August 2nd. The company reported earnings per share (EPS) of ($0.26), surpassing analysts’ consensus estimates by $0.04. During the same period, Unity Software generated a revenue of $533.48 million compared to analyst estimates of $514.80 million. The company exhibited a negative net margin of 54.46% and a negative return on equity of 19.44%. Consensus among sell-side analysts predicts that Unity Software will post an EPS of -0.88 for the current year.
In conclusion, based on data from Bloomberg Ratings and recent transactions conducted by insiders in Unity Software Inc., it is clear that there is a balanced sentiment among analysts regarding this stock as reflected in the “Hold” rating given by most analysts covering the firm. Investors should carefully consider this information along with other relevant factors before making any investment decisions related to Unity Software Inc.
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