Oppenheimer Sticks to Its Hold Rating for Unity Software (U)

In a report released today, Martin Yang from Oppenheimer maintained a Hold rating on Unity Software (U – Research Report). The company’s shares closed yesterday at $24.16.

Yang covers the Technology sector, focusing on stocks such as Universal Display, Unity Software, and AppLovin. According to TipRanks, Yang has an average return of -0.5% and a 40.56% success rate on recommended stocks.

In addition to Oppenheimer, Unity Software also received a Hold from JMP Securities’s Andrew Boone in a report issued today. However, on the same day, Needham reiterated a Buy rating on Unity Software (NYSE: U).

U market cap is currently $9.44B and has a P/E ratio of -10.80.

Based on the recent corporate insider activity of 111 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.

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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.