Unity Software Inc. (NYSE:U) Director Sells $16,464.00 in Stock

Unity Software Inc. (NYSE:U) Director Michelle K. Lee sold 800 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $20.58, for a total value of $16,464.00. Following the sale, the director now directly owns 7,215 shares of the company’s stock, valued at approximately $148,484.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Unity Software Price Performance

Unity Software stock opened at $20.28 on Friday. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $43.54. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average price of $16.72 and a 200-day moving average price of $20.14. The firm has a market capitalization of $8.05 billion, a PE ratio of -9.05 and a beta of 2.25.

Unity Software (NYSE:U) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.12. The business had revenue of $449.30 million during the quarter, compared to the consensus estimate of $438.37 million. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The firm’s quarterly revenue was down 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.26) earnings per share. As a group, equities research analysts forecast that Unity Software Inc. will post -1.86 EPS for the current year.

Wall Street Analyst Weigh In

U has been the topic of a number of recent analyst reports. Wedbush raised their price target on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a report on Monday. Morgan Stanley raised shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research note on Tuesday, September 3rd. Macquarie boosted their price target on shares of Unity Software from $12.00 to $15.00 and gave the stock an “underperform” rating in a research note on Tuesday. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Finally, Piper Sandler reissued a “neutral” rating and set a $17.00 price target (down from $25.00) on shares of Unity Software in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $27.46.

Hedge Funds Weigh In On Unity Software

A number of large investors have recently bought and sold shares of the business. Tradewinds Capital Management LLC increased its stake in Unity Software by 245.6% in the first quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Unity Software by 2,429.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after purchasing an additional 996 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after purchasing an additional 1,389 shares during the last quarter. Principal Securities Inc. purchased a new position in Unity Software in the 4th quarter worth about $37,000. Finally, Tidemark LLC bought a new stake in Unity Software during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Company Profile

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.