Unity Software (NYSE:U) Hits New 52-Week Low at $19.01

Unity Software Inc. (NYSE:UGet Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.01 and last traded at $19.15, with a volume of 1225827 shares trading hands. The stock had previously closed at $19.40.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on U shares. Stifel Nicolaus lifted their target price on shares of Unity Software from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Wedbush reiterated an “outperform” rating and issued a $33.50 target price on shares of Unity Software in a research note on Friday, May 10th. Macquarie cut shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price objective for the company. in a research note on Monday, February 12th. The Goldman Sachs Group reduced their price objective on shares of Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Finally, Piper Sandler upgraded shares of Unity Software from an “underweight” rating to a “neutral” rating and reduced their price objective for the stock from $35.00 to $30.00 in a research note on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $35.38.

View Our Latest Report on Unity Software

Unity Software Price Performance

The stock has a market cap of $7.33 billion, a P/E ratio of -8.37 and a beta of 2.40. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.70. The company’s fifty day simple moving average is $23.96 and its 200-day simple moving average is $29.69.

Unity Software (NYSE:UGet Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.89). The business had revenue of $609.27 million during the quarter, compared to the consensus estimate of $551.01 million. Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.50) EPS. As a group, sell-side analysts forecast that Unity Software Inc. will post -1.81 EPS for the current year.

Insider Buying and Selling

In other Unity Software news, CMO Carol W. Carpenter sold 2,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $29.35, for a total transaction of $58,700.00. Following the transaction, the chief marketing officer now directly owns 446,617 shares in the company, valued at approximately $13,108,208.95. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $26.59, for a total value of $6,647,500.00. Following the completion of the sale, the director now directly owns 4,498,146 shares of the company’s stock, valued at approximately $119,605,702.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Carol W. Carpenter sold 2,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $29.35, for a total value of $58,700.00. Following the completion of the sale, the chief marketing officer now directly owns 446,617 shares of the company’s stock, valued at $13,108,208.95. The disclosure for this sale can be found here. Insiders have sold a total of 503,297 shares of company stock worth $11,714,920 in the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

Institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp increased its stake in Unity Software by 4.8% during the 3rd quarter. Northern Trust Corp now owns 1,583,326 shares of the company’s stock worth $49,701,000 after purchasing an additional 72,770 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Unity Software by 26.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 35,336 shares of the company’s stock worth $1,445,000 after purchasing an additional 7,484 shares in the last quarter. Natixis Advisors L.P. increased its stake in Unity Software by 3.2% during the 3rd quarter. Natixis Advisors L.P. now owns 13,226 shares of the company’s stock worth $415,000 after purchasing an additional 407 shares in the last quarter. Compagnie Lombard Odier SCmA increased its stake in Unity Software by 20.3% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,670 shares of the company’s stock worth $150,000 after purchasing an additional 620 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new stake in Unity Software during the 3rd quarter worth approximately $414,000. 73.46% of the stock is owned by institutional investors.

About Unity Software

(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.

Featured Articles

Receive News & Ratings for Unity Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unity Software and related companies with MarketBeat.com's FREE daily email newsletter.