Unity Software Inc. (NYSE:U – Get Rating) CFO Luis Felipe Visoso sold 33,804 shares of the company’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $38.17, for a total value of $1,290,298.68. Following the transaction, the chief financial officer now directly owns 324,145 shares in the company, valued at $12,372,614.65. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of U stock traded up $2.93 on Friday, hitting $41.25. 153,355 shares of the stock traded hands, compared to its average volume of 5,645,872. The firm’s 50-day moving average price is $74.65 and its two-hundred day moving average price is $109.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.53 and a current ratio of 3.53. The stock has a market capitalization of $12.21 billion, a PE ratio of -19.25 and a beta of 2.64. Unity Software Inc. has a twelve month low of $29.09 and a twelve month high of $210.00.
Unity Software (NYSE:U – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). The firm had revenue of $320.13 million for the quarter, compared to analyst estimates of $321.17 million. Unity Software had a negative net margin of 50.40% and a negative return on equity of 20.50%. Unity Software’s revenue was up 36.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.38) EPS. On average, equities research analysts anticipate that Unity Software Inc. will post -1.64 EPS for the current fiscal year.
U has been the topic of several research analyst reports. Jefferies Financial Group began coverage on Unity Software in a research note on Tuesday, March 8th. They set a “hold” rating and a $100.00 price target on the stock. BTIG Research reduced their target price on Unity Software from $171.00 to $154.00 in a report on Friday, February 4th. Credit Suisse Group reduced their target price on Unity Software from $160.00 to $137.00 in a report on Wednesday, May 11th. Piper Sandler reduced their target price on Unity Software from $145.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, May 11th. Finally, Wedbush reduced their target price on Unity Software from $125.00 to $70.00 in a report on Wednesday, May 11th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $118.92.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Stratos Wealth Partners LTD. increased its stake in Unity Software by 4.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,339 shares of the company’s stock worth $334,000 after purchasing an additional 89 shares during the period. First Republic Investment Management Inc. boosted its holdings in Unity Software by 1.0% in the third quarter. First Republic Investment Management Inc. now owns 9,272 shares of the company’s stock valued at $1,171,000 after purchasing an additional 90 shares in the last quarter. Harbour Investments Inc. boosted its holdings in Unity Software by 9.9% in the fourth quarter. Harbour Investments Inc. now owns 1,036 shares of the company’s stock valued at $148,000 after purchasing an additional 93 shares in the last quarter. Summit Trail Advisors LLC boosted its holdings in shares of Unity Software by 2.0% in the fourth quarter. Summit Trail Advisors LLC now owns 4,856 shares of the company’s stock valued at $694,000 after acquiring an additional 96 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of Unity Software by 5.2% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 1,949 shares of the company’s stock valued at $279,000 after acquiring an additional 97 shares during the period. Hedge funds and other institutional investors own 75.48% of the company’s stock.
Unity Software Company Profile (Get Rating)
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.
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