Unity Software (NYSE:U) Reaches New 1-Year Low at $17.95

Unity Software Inc. (NYSE:UGet Free Report)’s share price reached a new 52-week low on Monday . The company traded as low as $17.95 and last traded at $17.96, with a volume of 1204973 shares trading hands. The stock had previously closed at $18.27.

Wall Street Analyst Weigh In

Several research analysts have issued reports on U shares. The Goldman Sachs Group cut their price objective on Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Benchmark reiterated a “sell” rating and issued a $16.00 price target on shares of Unity Software in a report on Friday, May 10th. Piper Sandler raised shares of Unity Software from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $35.00 to $30.00 in a report on Tuesday, February 27th. Citigroup dropped their target price on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Finally, JMP Securities reissued a “market perform” rating on shares of Unity Software in a research note on Friday, May 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Unity Software currently has an average rating of “Hold” and a consensus price target of $35.38.

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Unity Software Stock Performance

The company has a market capitalization of $7.02 billion, a PE ratio of -8.01 and a beta of 2.28. The stock’s fifty day simple moving average is $23.24 and its 200-day simple moving average is $29.38. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.15 and a current ratio of 2.15.

Unity Software (NYSE:UGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.13. Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. The business had revenue of $460.38 million during the quarter, compared to analyst estimates of $422.53 million. As a group, equities analysts predict that Unity Software Inc. will post -1.81 earnings per share for the current year.

Insider Transactions at Unity Software

In other news, insider Marc Whitten sold 86,768 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $20.60, for a total transaction of $1,787,420.80. Following the completion of the transaction, the insider now owns 2,483 shares of the company’s stock, valued at approximately $51,149.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Marc Whitten sold 86,768 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $20.60, for a total transaction of $1,787,420.80. Following the completion of the sale, the insider now directly owns 2,483 shares of the company’s stock, valued at approximately $51,149.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Anirma Gupta sold 1,037 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $24.42, for a total value of $25,323.54. Following the sale, the senior vice president now owns 386,706 shares of the company’s stock, valued at $9,443,360.52. The disclosure for this sale can be found here. Insiders have sold 251,297 shares of company stock worth $5,008,720 over the last quarter. 6.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Unity Software

Several institutional investors have recently bought and sold shares of U. Harvest Fund Management Co. Ltd acquired a new stake in shares of Unity Software in the fourth quarter valued at about $27,000. GAMMA Investing LLC acquired a new stake in Unity Software in the fourth quarter valued at approximately $28,000. Pacifica Partners Inc. purchased a new stake in shares of Unity Software during the fourth quarter valued at approximately $33,000. Huntington National Bank lifted its position in shares of Unity Software by 665.0% during the third quarter. Huntington National Bank now owns 895 shares of the company’s stock worth $28,000 after purchasing an additional 778 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of Unity Software in the fourth quarter valued at $37,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Unity Software Company Profile

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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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