Unity Software Inc. (NYSE:U – Get Rating) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 42,298 call options on the company. This is an increase of 44% compared to the typical volume of 29,282 call options.
Unity Software Stock Up 8.5 %
NYSE:U opened at $36.17 on Friday. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.77. The stock’s fifty day moving average is $31.45 and its two-hundred day moving average is $37.89. Unity Software has a 52 week low of $21.22 and a 52 week high of $186.60. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of -13.45 and a beta of 1.77.
Unity Software (NYSE:U – Get Rating) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.17). The firm had revenue of $322.88 million for the quarter, compared to analyst estimates of $323.33 million. Unity Software had a negative return on equity of 26.00% and a negative net margin of 63.17%. Research analysts anticipate that Unity Software will post -1.69 EPS for the current year.
Analyst Upgrades and Downgrades
Insider Buying and Selling
In other news, CMO Carol W. Carpenter sold 797 shares of Unity Software stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $34.40, for a total value of $27,416.80. Following the transaction, the chief marketing officer now directly owns 437,978 shares in the company, valued at approximately $15,066,443.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 2,391 shares of company stock valued at $81,127. Insiders own 6.90% of the company’s stock.
Hedge Funds Weigh In On Unity Software
Hedge funds have recently made changes to their positions in the company. Tcwp LLC acquired a new position in shares of Unity Software during the 1st quarter worth approximately $26,000. San Luis Wealth Advisors LLC purchased a new stake in shares of Unity Software during the 1st quarter valued at $31,000. Ronald Blue Trust Inc. boosted its position in Unity Software by 85.2% during the 3rd quarter. Ronald Blue Trust Inc. now owns 985 shares of the company’s stock worth $36,000 after purchasing an additional 453 shares during the period. Washington Trust Advisors Inc. purchased a new stake in Unity Software during the 1st quarter worth $37,000. Finally, Motco purchased a new stake in Unity Software during the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 77.37% 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.
- Get a free copy of the StockNews.com research report on Unity Software (U)
- Microsoft Shares: Is it Time to Back Up the Truck?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Is the 60/40 Portfolio Mix Still in Vogue?
- Three CBD Stocks to Dominate a Budding Industry
- Institutional Support for Analog Devices Remains High
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.