Unity Software Inc. (NYSE:U) COO Sells $37,359.54 in Stock

Unity Software Inc. (NYSE:U) COO Alexander Blum sold 1,479 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total value of $37,359.54. Following the sale, the chief operating officer now directly owns 495,648 shares in the company, valued at approximately $12,520,068.48. This trade represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Unity Software Trading Down 2.3 %

Shares of U stock opened at $25.58 on Friday. The company has a market cap of $10.48 billion, a P/E ratio of -15.22 and a beta of 2.32. The stock has a 50 day simple moving average of $22.82 and a two-hundred day simple moving average of $21.49. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88.

Unity Software (NYSE:U) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.05. The firm had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. Research analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Hsbc Global Res raised Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. Jefferies Financial Group lifted their price target on Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, February 21st. Wells Fargo & Company lifted their price target on Unity Software from $20.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Barclays lifted their price target on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Finally, JMP Securities restated a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Unity Software currently has an average rating of “Hold” and an average target price of $25.04.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Anderson Financial Strategies LLC bought a new stake in shares of Unity Software in the fourth quarter valued at $28,000. R Squared Ltd bought a new position in Unity Software in the 4th quarter worth about $30,000. Principal Securities Inc. boosted its holdings in shares of Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after purchasing an additional 477 shares in the last quarter. Planning Capital Management Corp purchased a new position in shares of Unity Software in the 3rd quarter worth about $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Unity Software during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

About Unity Software

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.