Unity Software Inc. (NYSE:U) Director Shlomo Dovrat Sells 12,591 Shares

Unity Software Inc. (NYSE:U – Get Rating) Director Shlomo Dovrat sold 12,591 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $30.10, for a total transaction of $378,989.10. Following the completion of the transaction, the director now owns 5,495,614 shares in the company, valued at $165,417,981.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Unity Software Trading Down 4.5 %

Shares of NYSE:U opened at $27.07 on Friday. The company’s fifty day moving average price is $28.91 and its 200-day moving average price is $31.23. Unity Software Inc. has a one year low of $21.22 and a one year high of $58.63. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.39 and a quick ratio of 2.39.

Unity Software (NYSE:U – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.24). Unity Software had a negative return on equity of 23.63% and a negative net margin of 63.42%. The company had revenue of $450.97 million during the quarter, compared to the consensus estimate of $433.25 million. As a group, analysts anticipate that Unity Software Inc. will post -1.12 EPS for the current year.

Institutional Investors Weigh In On Unity Software

Institutional investors have recently made changes to their positions in the business. Romano Brothers AND Company purchased a new stake in Unity Software during the 4th quarter valued at $25,000. Ellevest Inc. lifted its position in shares of Unity Software by 133.2% in the 4th quarter. Ellevest Inc. now owns 1,005 shares of the company’s stock worth $29,000 after purchasing an additional 574 shares during the period. Compagnie Lombard Odier SCmA lifted its position in shares of Unity Software by 2,000.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,050 shares of the company’s stock worth $30,000 after purchasing an additional 1,000 shares during the period. Bessemer Group Inc. purchased a new stake in shares of Unity Software in the 1st quarter worth about $33,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Unity Software in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 82.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Citigroup dropped their target price on shares of Unity Software from $54.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, February 27th. The Goldman Sachs Group upped their price target on shares of Unity Software from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, February 15th. Morgan Stanley upped their price target on shares of Unity Software from $27.50 to $28.00 in a research note on Thursday, May 11th. Credit Suisse Group dropped their price target on shares of Unity Software from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Thursday, February 23rd. Finally, Piper Sandler upped their price target on shares of Unity Software from $33.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, February 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Unity Software has a consensus rating of “Hold” and an average target price of $40.06.

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.