Unity Software (NYSE:U) SVP Sells 1,032 Shares

Unity Software Inc. (NYSE:U) SVP Rebecca Berenice Boyden sold 1,032 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $45.32, for a total transaction of $46,770.24. Following the sale, the senior vice president owned 308,413 shares in the company, valued at approximately $13,977,277.16. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Unity Software Stock Down 1.9%

Shares of NYSE:U traded down $0.84 during mid-day trading on Wednesday, reaching $44.15. 8,948,073 shares of the stock were exchanged, compared to its average volume of 13,149,727. The stock’s 50 day simple moving average is $34.18 and its 200-day simple moving average is $27.35. Unity Software Inc. has a one year low of $16.78 and a one year high of $52.15. The company has a market cap of $19.43 billion, a P/E ratio of -32.46, a P/E/G ratio of 1.97 and a beta of 2.04. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55.

Unity Software (NYSE:U) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.39. The company had revenue of $546.47 million during the quarter, compared to analysts’ expectations of $514.72 million. Unity Software had a negative net margin of 28.97% and a positive return on equity of 4.64%. The business’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. As a group, equities research analysts predict that Unity Software Inc. will post 0.55 EPS for the current year.

Hedge Funds Weigh In On Unity Software

A number of hedge funds have recently added to or reduced their stakes in U. REAP Financial Group LLC acquired a new position in shares of Unity Software in the 4th quarter valued at approximately $28,000. Larson Financial Group LLC increased its stake in Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after acquiring an additional 341 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Unity Software during the fourth quarter valued at approximately $36,000. IFP Advisors Inc bought a new position in shares of Unity Software in the 3rd quarter valued at $33,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Unity Software by 3,953.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock worth $49,000 after buying an additional 1,186 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on U. HSBC upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $47.10 price objective on the stock in a research note on Friday, August 7th. Wells Fargo & Company upped their price objective on shares of Unity Software from $36.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Citizens Jmp raised their target price on shares of Unity Software from $37.00 to $45.00 and gave the stock a “market outperform” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Unity Software from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 4th. Finally, Raymond James Financial began coverage on shares of Unity Software in a research note on Monday, June 29th. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $45.16.

About Unity Software

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.