Unity Software Inc. (NYSE:U) Director Sells $243,646.01 in Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 9,551 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $25.51, for a total value of $243,646.01. Following the completion of the transaction, the director now owns 748,099 shares in the company, valued at $19,084,005.49. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tomer Bar-Zeev also recently made the following trade(s):

• On Monday, June 2nd, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The stock was sold at an average price of $26.39, for a total value of $6,597,500.00.
• On Wednesday, May 28th, Tomer Bar-Zeev sold 166,666 shares of Unity Software stock. The stock was sold at an average price of $25.15, for a total value of $4,191,649.90.
• On Thursday, May 1st, Tomer Bar-Zeev sold 166,667 shares of Unity Software stock. The shares were sold at an average price of $21.59, for a total value of $3,598,340.53.
• On Tuesday, April 1st, Tomer Bar-Zeev sold 166,667 shares of Unity Software stock. The stock was sold at an average price of $20.04, for a total value of $3,340,006.68.

Unity Software Stock Performance

Shares of Unity Software stock opened at $23.69 on Friday. The company has a market cap of $9.85 billion, a P/E ratio of -14.10 and a beta of 2.34. The business has a 50-day moving average price of $21.85 and a two-hundred day moving average price of $22.45. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88.

Unity Software (NYSE:U) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.19. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $435.00 million for the quarter, compared to analysts’ expectations of $415.77 million. During the same quarter last year, the firm earned $0.28 EPS. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current year.

Institutional Investors Weigh In On Unity Software

Several large investors have recently modified their holdings of U. Cornerstone Planning Group LLC boosted its holdings in Unity Software by 30,300.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after purchasing an additional 1,212 shares during the period. Anderson Financial Strategies LLC bought a new stake in shares of Unity Software during the 4th quarter worth $28,000. Principal Securities Inc. lifted its holdings in shares of Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after acquiring an additional 477 shares during the last quarter. Banque Transatlantique SA bought a new stake in shares of Unity Software during the 1st quarter worth $28,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Unity Software during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Analysts Set New Price Targets

U has been the topic of a number of recent analyst reports. Macquarie initiated coverage on Unity Software in a research report on Monday, March 10th. They set a “neutral” rating and a $24.00 price target on the stock. Benchmark upgraded Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Citigroup upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Tuesday, March 11th. UBS Group cut their target price on Unity Software from $30.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, Jefferies Financial Group upgraded shares of Unity Software from a “hold” rating to a “buy” rating and upped their price target for the stock from $22.00 to $29.00 in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.14.

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.