Goldman Sachs Remains a Hold on Unity Software (U)

In a report released yesterday, Eric Sheridan from Goldman Sachs maintained a Hold rating on Unity Software, with a price target of $29.00. The company’s shares closed yesterday at $22.80.

Claim 30% Off TipRanks

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

Sheridan covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Netflix. According to TipRanks, Sheridan has an average return of 2.0% and a 46.11% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Unity Software with a $32.63 average price target.

Based on Unity Software’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $503.09 million and a GAAP net loss of $89.96 million. In comparison, last year the company earned a revenue of $457.1 million and had a GAAP net loss of $122.73 million

Based on the recent corporate insider activity of 73 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. Last month, Jarrod Yahes, the SVP & CFO of U sold 6,205.00 shares for a total of $130,491.15.