Unity Software Inc. (NYSE:U – Get Rating) CMO Carol W. Carpenter sold 797 shares of Unity Software stock in a transaction on Monday, October 17th. The shares were sold at an average price of $30.72, for a total value of $24,483.84. Following the transaction, the chief marketing officer now owns 218,803 shares in the company, valued at $6,721,628.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Unity Software Price Performance
Shares of NYSE U traded up $0.49 during midday trading on Tuesday, reaching $31.37. 5,996,084 shares of the stock traded hands, compared to its average volume of 7,316,645. The stock has a market capitalization of $9.43 billion, a PE ratio of -13.88 and a beta of 1.97. The company’s 50 day moving average is $40.06 and its 200 day moving average is $47.58. Unity Software Inc. has a one year low of $28.34 and a one year high of $210.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.44 and a quick ratio of 3.44.
Unity Software (NYSE:U – Get Rating) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.02). The company had revenue of $297.00 million during the quarter, compared to the consensus estimate of $299.05 million. Unity Software had a negative return on equity of 22.71% and a negative net margin of 54.01%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.34) earnings per share. On average, equities research analysts anticipate that Unity Software Inc. will post -1.79 earnings per share for the current year.
Institutional Trading of Unity Software
A number of institutional investors have recently bought and sold shares of U. BlackRock Inc. lifted its position in Unity Software by 9.4% in the fourth quarter. BlackRock Inc. now owns 8,175,886 shares of the company’s stock worth $1,169,073,000 after buying an additional 701,113 shares during the last quarter. JustInvest LLC lifted its position in shares of Unity Software by 64.8% during the fourth quarter. JustInvest LLC now owns 5,019 shares of the company’s stock worth $718,000 after purchasing an additional 1,974 shares during the last quarter. Norges Bank bought a new stake in shares of Unity Software during the fourth quarter worth $221,021,000. Harbour Capital Advisors LLC lifted its position in shares of Unity Software by 102.6% during the first quarter. Harbour Capital Advisors LLC now owns 6,052 shares of the company’s stock worth $600,000 after purchasing an additional 3,065 shares during the last quarter. Finally, Arden Trust Co bought a new stake in shares of Unity Software during the first quarter worth $403,000. 77.37% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms recently weighed in on U. Wolfe Research began coverage on Unity Software in a research report on Tuesday, August 16th. They set an “outperform” rating and a $70.00 target price on the stock. Citigroup decreased their price target on Unity Software from $68.00 to $61.00 in a report on Thursday, August 18th. Credit Suisse Group dropped their price objective on Unity Software from $137.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, June 21st. Needham & Company LLC started coverage on Unity Software in a research note on Friday, October 7th. They set a “buy” rating and a $50.00 target price on the stock. Finally, BTIG Research dropped their price target on Unity Software to $68.00 in a research note on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.94.
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.