Key Points
- Unity COO Alexander Blum sold 1,988 shares on Nov. 28 at an average price of $42.47 for $84,430, trimming his stake to 561,130 shares (a 0.35% reduction); he also sold 40,693 shares on Nov. 25 for about $1.68M.
- Unity beat the latest quarter's estimates (EPS $0.20 vs. $0.17 and revenue $470.6M vs. $452.9M) but remains unprofitable with a ~24% negative net margin, and carries a consensus analyst Hold rating with an average price target of $39.99.
Unity Software Inc. (NYSE:U - Get Free Report) COO Alexander Blum sold 1,988 shares of the business's stock in a transaction on Friday, November 28th. The stock was sold at an average price of $42.47, for a total transaction of $84,430.36. Following the completion of the sale, the chief operating officer owned 561,130 shares in the company, valued at $23,831,191.10. This represents a 0.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Alexander Blum also recently made the following trade(s):
- On Tuesday, November 25th, Alexander Blum sold 40,693 shares of Unity Software stock. The shares were sold at an average price of $41.38, for a total transaction of $1,683,876.34.
Unity Software Stock Performance
Unity Software stock opened at $44.43 on Wednesday. The company's 50-day moving average price is $38.89 and its 200-day moving average price is $34.57. Unity Software Inc. has a twelve month low of $15.33 and a twelve month high of $46.94. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.70. The company has a market cap of $19.01 billion, a PE ratio of -42.31 and a beta of 2.04.
Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.03. The firm had revenue of $470.62 million during the quarter, compared to the consensus estimate of $452.87 million. Unity Software had a negative net margin of 24.15% and a negative return on equity of 9.45%. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.31) EPS. On average, equities research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.
Analyst Ratings Changes
U has been the subject of a number of recent research reports. Wedbush lifted their target price on Unity Software from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Tuesday. HSBC downgraded Unity Software from a "buy" rating to a "hold" rating and raised their price target for the stock from $37.50 to $40.80 in a research report on Tuesday, September 30th. Wells Fargo & Company boosted their price objective on shares of Unity Software from $37.00 to $42.00 and gave the company an "equal weight" rating in a research report on Friday, November 7th. JMP Securities raised their target price on shares of Unity Software from $30.00 to $35.00 and gave the stock a "market outperform" rating in a report on Thursday, August 7th. Finally, Zacks Research cut shares of Unity Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Unity Software currently has a consensus rating of "Hold" and an average price target of $39.99.
Read Our Latest Research Report on Unity Software
Institutional Trading of Unity Software
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc bought a new stake in shares of Unity Software during the third quarter worth $33,000. Swiss Life Asset Management Ltd purchased a new position in Unity Software in the 3rd quarter worth about $577,000. Danske Bank A S bought a new stake in Unity Software during the 3rd quarter valued at about $80,000. NewEdge Advisors LLC boosted its position in Unity Software by 800.0% in the 3rd quarter. NewEdge Advisors LLC now owns 3,987 shares of the company's stock valued at $160,000 after buying an additional 3,544 shares during the period. Finally, Synergy Financial Group LTD purchased a new stake in Unity Software in the 3rd quarter valued at about $336,000. Hedge funds and other institutional investors own 73.46% of the company's stock.
Unity Software Company Profile
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Get Free Report)
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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