Michelle K. Lee Sells 800 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) Director Michelle K. Lee sold 800 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $16.67, for a total transaction of $13,336.00. Following the completion of the transaction, the director now owns 8,015 shares in the company, valued at $133,610.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Unity Software Stock Up 1.2 %

Shares of Unity Software stock traded up $0.20 on Monday, reaching $16.71. The stock had a trading volume of 8,022,179 shares, compared to its average volume of 9,799,399. The company has a 50 day moving average price of $16.15 and a 200 day moving average price of $22.44. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $43.54. The stock has a market capitalization of $6.53 billion, a P/E ratio of -7.40 and a beta of 2.25.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.12. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The firm had revenue of $449.30 million for the quarter, compared to the consensus estimate of $438.37 million. During the same quarter in the previous year, the firm earned ($0.26) EPS. The company’s quarterly revenue was down 15.8% compared to the same quarter last year. As a group, equities research analysts forecast that Unity Software Inc. will post -1.81 EPS for the current year.

Institutional Trading of Unity Software

Several large investors have recently bought and sold shares of U. Vanguard Group Inc. lifted its stake in Unity Software by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company’s stock valued at $703,192,000 after acquiring an additional 208,566 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Unity Software by 30.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company’s stock valued at $317,984,000 after purchasing an additional 2,777,884 shares during the period. Nikko Asset Management Americas Inc. lifted its stake in shares of Unity Software by 32.6% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 11,326,547 shares of the company’s stock valued at $302,419,000 after purchasing an additional 2,787,058 shares during the period. Norges Bank acquired a new position in shares of Unity Software in the 4th quarter valued at $379,180,000. Finally, Capital Research Global Investors lifted its stake in shares of Unity Software by 18.7% in the 1st quarter. Capital Research Global Investors now owns 8,524,448 shares of the company’s stock valued at $227,603,000 after purchasing an additional 1,342,787 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Analyst Ratings Changes

U has been the topic of several recent research reports. Barclays decreased their price target on shares of Unity Software from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. Wedbush reduced their price objective on shares of Unity Software from $33.50 to $21.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Needham & Company LLC dropped their price objective on shares of Unity Software from $31.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, August 9th. The Goldman Sachs Group lowered their target price on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.46.

Unity Software Company Profile

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.