Key Points
- Unity CEO Matthew Bromberg sold 100,000 shares for $5.13 million at an average price of $51.30 under a pre-arranged Rule 10b5-1 plan. He retained 1,441,131 shares after the sale.
- Unity’s latest quarter beat estimates: revenue increased 32.2% year over year to $622.1 million, and earnings were $0.44 per share versus the $0.03 consensus estimate.
- Analysts were broadly positive, with a consensus “Moderate Buy” rating and an average price target of $56.32; recent targets included Needham’s $70 and Wells Fargo’s $64.
Unity Software Inc. (NYSE:U - Get Free Report) CEO Matthew Bromberg sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $51.30, for a total value of $5,130,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,441,131 shares in the company, valued at $73,930,020.30. The trade was a 6.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Unity Software Stock Down 2.0%
U opened at $50.40 on Wednesday. The business has a 50 day moving average price of $42.81 and a 200 day moving average price of $31.93. Unity Software Inc. has a twelve month low of $16.78 and a twelve month high of $54.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.03 and a current ratio of 2.03. The firm has a market cap of $22.37 billion, a P/E ratio of -62.22, a price-to-earnings-growth ratio of 2.24 and a beta of 2.08.
Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.03 by $0.41. Unity Software had a positive return on equity of 9.89% and a negative net margin of 15.60%. The company had revenue of $622.09 million for the quarter, compared to the consensus estimate of $567.03 million. During the same quarter last year, the company posted $0.20 earnings per share. The company's revenue for the quarter was up 32.2% compared to the same quarter last year. Research analysts forecast that Unity Software Inc. will post 0.55 EPS for the current year.
Wall Street Analysts Forecast Growth
U has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Unity Software from a "hold" rating to a "buy" rating and upped their price objective for the stock from $31.00 to $50.00 in a report on Friday, August 7th. Raymond James Financial reiterated an "outperform" rating and issued a $60.00 target price on shares of Unity Software in a report on Thursday, November 5th. Jefferies Financial Group boosted their target price on shares of Unity Software from $50.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, October 8th. Needham & Company LLC boosted their target price on shares of Unity Software from $54.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, November 6th. Finally, Wells Fargo & Company upped their price target on shares of Unity Software from $53.00 to $64.00 and gave the company an "overweight" rating in a report on Friday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $56.32.
View Our Latest Stock Analysis on U
Key Unity Software News
Here are the key news stories impacting Unity Software this week:
- Positive Sentiment: Q3 results beat expectations. Revenue rose 32.2% year over year to $622.1 million, and Unity reported $0.44 per share in profit. Coverage also highlighted its first GAAP-profitable quarter since its IPO, helping lift investor interest. Unity stock trades up: here is why
- Positive Sentiment: Analysts see further potential. Bank of America said Unity’s results reinforce the opportunity in its game-engine business and that its full gaming potential may not yet be reflected in the stock. A separate report said Unity’s price target was raised to $59. BofA on Unity’s gaming potential Unity price target raised
- Neutral Sentiment: Recent gains have been followed by a pullback. Unity had broken out and rallied after earnings, but trading coverage later noted the stock lower. The reports do not identify a specific new company development behind that move, so it may reflect near-term trading or profit-taking rather than a change in the earnings outlook. Market trading report
- Negative Sentiment: CEO Matthew Bromberg sold 100,000 shares for about $5.13 million, reducing his position by 6.49%. The sale was made under a pre-arranged Rule 10b5-1 plan, and he retained more than 1.44 million shares, which may temper concerns about the transaction. SEC Form 4 filing
Institutional Investors Weigh In On Unity Software
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Atreides Management LP acquired a new stake in Unity Software in the 2nd quarter worth $292,826,000. Resolute Advisors LLC grew its position in Unity Software by 473.3% in the second quarter. Resolute Advisors LLC now owns 4,766,219 shares of the company's stock valued at $136,219,000 after acquiring an additional 3,934,840 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Unity Software by 9,886.8% during the third quarter. Assenagon Asset Management S.A. now owns 2,645,007 shares of the company's stock valued at $108,260,000 after acquiring an additional 2,618,522 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Unity Software by 52.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,245,014 shares of the company's stock valued at $93,089,000 after acquiring an additional 1,465,962 shares during the period. Finally, Amundi grew its holdings in shares of Unity Software by 4.7% in the 2nd quarter. Amundi now owns 2,334,695 shares of the company's stock worth $66,726,000 after purchasing an additional 105,268 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company's stock.
Unity Software Company Profile
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Get Free Report)
Unity Software develops a platform and tools for creating and operating interactive, real-time 2D and 3D content. Its Unity Editor and engine are used by developers to build games and other digital experiences for mobile devices, computers, consoles, and extended-reality platforms. The company also provides services that support the delivery and growth of interactive applications, including tools for collaboration, analytics, advertising, and in-app monetization. Unity's products serve customers across industries such as gaming, entertainment, automotive, and architecture.
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