Unity Software (NYSE:U) Hits New 1-Year Low at $13.90

Shares of Unity Software Inc. (NYSE:U) reached a new 52-week low on Wednesday . The company traded as low as $13.90 and last traded at $13.93, with a volume of 11721745 shares trading hands. The stock had previously closed at $14.25.

Analyst Ratings Changes

Several analysts have commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $31.00 target price on shares of Unity Software in a research note on Friday, May 10th. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Friday, May 10th. Barclays lowered their target price on shares of Unity Software from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, May 10th. The Goldman Sachs Group reduced their price target on shares of Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Finally, Stifel Nicolaus lowered their price target on Unity Software from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, June 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.04.

Unity Software Stock Performance

The business’s fifty day simple moving average is $16.56 and its 200-day simple moving average is $23.45. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.15 and a current ratio of 2.15. The firm has a market capitalization of $5.44 billion, a PE ratio of -6.44 and a beta of 2.25.

Unity Software (NYSE:U) last issued 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. The firm had revenue of $460.38 million during the quarter, compared to analyst estimates of $422.53 million. Unity Software had a negative return on equity of 7.73% and a negative net margin of 40.11%. As a group, equities research analysts expect that Unity Software Inc. will post -1.81 EPS for the current year.

Insider Transactions at Unity Software

In other Unity Software news, SVP Anirma Gupta sold 1,506 shares of Unity Software stock in a transaction on Monday, July 29th. The shares were sold at an average price of $16.73, for a total transaction of $25,195.38. Following the completion of the transaction, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at $6,851,604.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman James M. Whitehurst sold 49,854 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $19.10, for a total transaction of $952,211.40. Following the completion of the sale, the chairman now directly owns 313,266 shares of the company’s stock, valued at approximately $5,983,380.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Anirma Gupta sold 1,506 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $16.73, for a total value of $25,195.38. Following the completion of the transaction, the senior vice president now directly owns 409,540 shares in the company, valued at approximately $6,851,604.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 245,005 shares of company stock worth $4,798,048. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Unity Software

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital Research Global Investors increased its position in Unity Software by 510.2% during the 4th quarter. Capital Research Global Investors now owns 7,181,661 shares of the company’s stock valued at $293,658,000 after purchasing an additional 6,004,655 shares during the period. Janney Montgomery Scott LLC raised its stake in Unity Software by 26.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 35,336 shares of the company’s stock worth $1,445,000 after buying an additional 7,484 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Unity Software during the first quarter worth $3,878,000. Seldon Capital LP bought a new stake in Unity Software during the 4th quarter valued at $7,576,000. Finally, Vanguard Group Inc. raised its position in shares of Unity Software by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company’s stock worth $703,192,000 after acquiring an additional 208,566 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

Unity Software Company Profile

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.