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

Unity Software Inc. (NYSE:U) Director Michelle K. Lee sold 800 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $16.32, for a total value of $13,056.00. Following the completion of the transaction, the director now owns 9,261 shares of the company’s stock, valued at $151,139.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Unity Software Trading Down 2.3 %

Shares of U opened at $16.09 on Wednesday. The stock has a 50-day moving average price of $21.42 and a 200 day moving average price of $28.53. Unity Software Inc. has a one year low of $15.97 and a one year high of $50.08. The company has a market capitalization of $6.29 billion, a P/E ratio of -7.18 and a beta of 2.28. 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:U) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.13. Unity Software had a negative return on equity of 7.73% and a negative net margin of 40.11%. The firm had revenue of $460.38 million for the quarter, compared to analysts’ expectations of $422.53 million. Sell-side analysts forecast that Unity Software Inc. will post -1.81 EPS for the current fiscal year.

Analyst Ratings Changes

U has been the subject of a number of research reports. Citigroup lowered their price target on Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Piper Sandler raised Unity Software from an “underweight” rating to a “neutral” rating and lowered their price target for the company from $35.00 to $30.00 in a research report on Tuesday, February 27th. Stifel Nicolaus lowered their price target on Unity Software from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, June 10th. The Goldman Sachs Group lowered their price target 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. Finally, Wedbush reissued an “outperform” rating and set a $33.50 price target on shares of Unity Software in a research report 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.79.

Institutional Trading of Unity Software

Several institutional investors and hedge funds have recently bought and sold shares of U. Harvest Fund Management Co. Ltd acquired a new stake in shares of Unity Software during the 4th quarter worth approximately $27,000. GAMMA Investing LLC acquired a new stake in shares of Unity Software during the 4th quarter worth approximately $28,000. Pacifica Partners Inc. acquired a new stake in shares of Unity Software during the 4th quarter worth approximately $33,000. Principal Securities Inc. acquired a new stake in shares of Unity Software during the 4th quarter worth approximately $37,000. Finally, Tidemark LLC acquired a new stake in shares of Unity Software during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

About Unity Software

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.