Unity Software (NYSE:U) Sets New 1-Year Low at $15.15

Unity Software Inc. (NYSE:U)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $15.15 and last traded at $15.20, with a volume of 7250394 shares trading hands. The stock had previously closed at $16.36.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus dropped their price target on Unity Software from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, June 10th. Needham & Company LLC reissued a “buy” rating and set a $31.00 target price on shares of Unity Software in a research report on Friday, May 10th. Macquarie decreased their price target on shares of Unity Software from $20.00 to $14.00 and set an “underperform” rating for the company in a report on Thursday, June 27th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Friday, May 10th. Finally, Barclays cut their target price on Unity Software from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Unity Software has a consensus rating of “Hold” and an average price target of $33.47.

Unity Software Stock Performance

The firm’s 50 day moving average is $16.75 and its 200-day moving average is $23.85. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of -6.83 and a beta of 2.25. 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 issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.13. Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. The business had revenue of $460.38 million during the quarter, compared to the consensus estimate of $422.53 million. Analysts forecast that Unity Software Inc. will post -1.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Marc Whitten sold 86,768 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $20.60, for a total value of $1,787,420.80. Following the completion of the sale, the insider now owns 2,483 shares of the company’s stock, valued at approximately $51,149.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Marc Whitten sold 86,768 shares of Unity Software stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $20.60, for a total value of $1,787,420.80. Following the sale, the insider now directly owns 2,483 shares in the company, valued at approximately $51,149.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Anirma Gupta sold 1,506 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $16.73, for a total value of $25,195.38. Following the sale, the senior vice president now owns 409,540 shares of the company’s stock, valued at $6,851,604.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 245,005 shares of company stock worth $4,798,048. 6.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors grew its holdings in shares of Unity Software by 510.2% during the fourth quarter. Capital Research Global Investors now owns 7,181,661 shares of the company’s stock worth $293,658,000 after buying an additional 6,004,655 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Unity Software by 26.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 35,336 shares of the company’s stock worth $1,445,000 after acquiring an additional 7,484 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Unity Software during the 1st quarter valued at about $3,878,000. Seldon Capital LP acquired a new stake in Unity Software in the 4th quarter valued at about $7,576,000. Finally, Vanguard Group Inc. lifted its stake in 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 purchasing an additional 208,566 shares in the last quarter. Hedge funds and other 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.