Unity Software Inc. (NYSE:U – Get Free Report) Director, Michelle K. Lee sold 800 shares of the company’s stock in a transaction on Thursday, July 18. The shares were sold at an average price of $18.02, for a total transaction value of $14,416.00. Following the sale, the director now owns 8,815 shares of the company’s stock, valued at $158,846.30. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed on the SEC’s website.
Unity Software Stock Performance
NYSE:U opened trading at $16.21 on Friday.Unity Software Inc.’s one year low is $15.15 and high is $47.60. The stock’s 50 day moving average price is $17.79 and 200 day moving average price is $25.18. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.15 and a current ratio of 2.15.
Unity Software (NYSE:U – Get free report ) last released its quarterly earnings data on Thursday, May 9th. The company announced quarterly earnings per share (EPS) of ($0.14), beating analysts’ consensus estimates of ($0.27) by $0.13. The company had revenues of $460.38 million for the quarter, compared to analysts’ expectations of $422.53 million. Unity Software had a return on equity of -7.73% and a net margin of -40.11%. On average, research analysts expect Unity Software to post earnings per share of -1.81 for the current year.
What Wall Street analysts are saying
A number of analysts have commented on U stock. JMP Securities reiterated a “market average” rating on shares of Unity Software in a report on Friday, May 10th. Macquarie lowered their price target on Unity Software from $20.00 to $14.00 and set an “underperform” rating for the company in a research note on Thursday, June 27th. Goldman Sachs Group lowered their price target on Unity Software from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Barclays lowered their price target on Unity Software from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Finally, Stifel Nicolaus lowered their price objective on Unity Software from $30.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, and nine have given a buy rating. Based on data from MarketBeat.com, the company’s stock has an average rating of “hold” and a consensus target price of $33.47.
View the latest stock report on U
Institutional Investors Invest in Unity Software
Several institutional investors and hedge funds recently modified their holdings of Unity Software in the United States. The Vanguard Group raised its holdings in Unity Software by 0.8% in the first quarter. The Vanguard Group now owns 26,336,775 shares of the company, valued at $703,192,000, after purchasing an additional 208,566 shares in the last quarter. ARK Investment Management LLC raised its holdings in Unity Software by 6.2% in the fourth quarter. ARK Investment Management LLC now owns 12,189,778 shares of the company, valued at $498,440,000, after acquiring an additional 712,579 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Unity Software by 30.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company’s stock, valued at $317,984,000, after acquiring an additional 2,777,884 shares in the last quarter. Nikko Asset Management Americas Inc. increased its holdings in Unity Software by 32.6% in the first quarter. Nikko Asset Management Americas Inc. now owns 11,326,547 shares of the company’s stock, valued at $302,419,000, after acquiring an additional 2,787,058 shares in the last quarter. Finally, Norges Bank acquired a new stake in Unity Software in the fourth quarter, valued at approximately $379,180,000. 73.46% of the stock is owned by hedge funds and other institutional investors.
About Unity Software
(Get your free report)
Unity Software Inc operates a real-time 3D development platform. The company’s 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 sells its solutions directly through online stores and local sales offices in North America, Denmark, Finland, United Kingdom, Germany, Japan, China, Singapore and South Korea, and indirectly through independent distributors and resellers around the world.
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