In a report released today, Dylan Becker from William Blair maintained a Buy rating on Unity Software (U – Research Report). The company’s shares closed yesterday at $24.55.
According to TipRanks, Becker is a 3-star analyst with an average return of 4.3% and a 52.38% success rate. Becker covers the Technology sector, focusing on stocks such as Unity Software, Autodesk, and Powerfleet.
Unity Software has an analyst consensus of Moderate Buy, with a price target consensus of $31.05.
Based on Unity Software’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $609.27 million and a GAAP net loss of $252.08 million. In comparison, last year the company earned a revenue of $450.97 million and had a GAAP net loss of $289.33 million
Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of U in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Unity Software (U) Company Description:
California-based Unity Software Inc. is a video game software development company. The platform provides software solutions to create and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The products are used in the gaming industry, architecture and construction sector, animation industry, and designing sector.
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