Unity Software Inc. (NYSE:U – Get Free Report) saw some unusual options trading activity on Thursday. Investors bought 68,215 call options on the stock. That’s an 86% increase compared to the typical volume of 36,711 call options.
Unity Software Stock Performance
Shares of NYSE U opened at $17.11 on Friday. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of -7.64 and a beta of 2.25. The company’s 50-day moving average price is $18.50 and its 200-day moving average price is $26.14. Unity Software has a 52-week low of $15.15 and a 52-week high of $50.08. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.70.
Unity Software (NYSE:U – Get Free Report) last released quarterly earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.13. The company had revenue of $460.38 million during the quarter, compared to analyst estimates of $422.53 million. Unity Software had a negative return on equity of 7.73% and a negative net margin of 40.11%. As a group, sell-side analysts are predicting that Unity Software will post -1.81 EPS for the current year.
Analysts set new price targets
You have been the subject of several recent research reports. Benchmark reiterated a “sell” rating and set a $16.00 price target on shares of Unity Software in a research note on Friday, May 10th. Stifel Nicolaus lowered their price target on shares of Unity Software from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, June 10th. Needham & Company LLC reiterated a “buy” rating and set a $31.00 price target on shares of Unity Software in a research note on Friday, May 10th. Macquarie lowered their price target on Unity Software from $20.00 to $14.00 and set an “underperform” rating on the stock in a research note on Thursday, June 27th. Finally, JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Friday, May 10th. Two equities analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given the company a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.47.
Check out our latest analysis of Unity Software
Insider activity
In other Unity Software news, SVP Anirma Gupta sold 1,037 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $24.42, for a total transaction of $25,323.54. Following the completion of the sale, the senior vice president now directly owns 386,706 shares of the company’s stock, valued at $9,443,360.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In other Unity Software news, SVP Anirma Gupta sold 1,037 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $24.42, for a total transaction of $25,323.54. Following the completion of the sale, the senior vice president now directly owns 386,706 shares of the company’s stock, valued at $9,443,360.52. The transaction was disclosed in a legal filing with the SEC, available at this link . Also, CMO Carol W. Carpenter sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $24.18, for a total transaction of $48,360.00. Following the completion of the transaction, the chief marketing officer now directly owns 442,617 shares of the company’s stock, valued at approximately $10,702,479.06. The disclosure for this sale can be found here . Insiders sold 245,736 shares of the company’s stock worth $4,832,120 in the last ninety days. Company insiders own 6.30% of the company’s stock.
Hedge Funds Weigh In on Unity Software
Institutional investors have recently changed their holdings in the company. 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. Harvest Fund Management Co. Ltd acquired a new position in shares of Unity Software in the fourth quarter worth approximately $27,000. GAMMA Investing LLC purchased a new position in Unity Software in the fourth quarter worth approximately $28,000. Benjamin F. Edwards & Company Inc. increased its holdings in Unity Software by 2,429.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock worth $28,000 after purchasing an additional 996 shares during the last quarter. Finally, Pacifica Partners Inc. purchased in the fourth quarter a new stake in Unity Software worth $33,000. Institutional investors own 73.46% of the company’s shares.
About Unity Software
(Get free report)
Unity Software Inc operates a real-time 3D development platform. The platform provides software solutions to create, output 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 retail operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore and South Korea, and indirectly through independent distributors and resellers worldwide.
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