Investors Buy Large Volume of Unity Software Call Options (NYSE:U)

Unity Software Inc. (NYSE:UGet 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:UGet 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

A number of equities analysts recently weighed in on the company. BTIG Research reduced their price target on Unity Software from $68.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 price target on shares of Unity Software in a report on Tuesday, November 15th. Oppenheimer reduced their price target on Unity Software from $60.00 to $28.00 in a report on Thursday, November 10th. Credit Suisse Group cut their price objective on Unity Software from $85.00 to $71.00 and set an “outperform” rating for the company in a research note on Thursday, November 10th. Finally, Needham & Company LLC assumed coverage on Unity Software in a research note on Friday, October 7th. They set a “buy” rating and a $50.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to, the company currently has an average rating of “Hold” and a consensus price target of $49.65.

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

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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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