Investors Purchase High Volume of Unity Software Call Options (NYSE:U)

Unity Software Inc. (NYSE:U - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Investors purchased 149,477 call options on the stock. This is an increase of approximately 181% compared to the typical daily volume of 53,134 call options.

Analysts Set New Price Targets

Several analysts have recently weighed in on U shares. Bank of America started coverage on Unity Software in a report on Thursday, June 26th. They set an "underperform" rating and a $15.00 price target on the stock. Wall Street Zen cut Unity Software from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Stifel Nicolaus decreased their target price on shares of Unity Software from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Barclays decreased their price objective on Unity Software from $26.00 to $25.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Finally, Wedbush raised Unity Software to a "strong-buy" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $24.47.

Unity Software Stock Up 7.1%

Shares of NYSE U traded up $1.73 during trading hours on Thursday, hitting $26.01. The company had a trading volume of 14,004,518 shares, compared to its average volume of 11,533,142. Unity Software has a 1-year low of $13.90 and a 1-year high of $30.88. The stock has a market capitalization of $10.81 billion, a P/E ratio of -23.22 and a beta of 2.29. The firm's 50 day moving average is $23.06 and its 200-day moving average is $22.30. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.38) by $0.19. Unity Software had a negative net margin of 25.21% and a negative return on equity of 14.12%. The company had revenue of $435.00 million for the quarter, compared to analyst estimates of $415.77 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. Unity Software's revenue was down 5.5% compared to the same quarter last year. On average, analysts expect that Unity Software will post -1.25 earnings per share for the current fiscal year.

Insider Transactions at Unity Software

In other Unity Software news, Director David Helgason sold 261,473 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $25.70, for a total transaction of $6,719,856.10. Following the completion of the sale, the director owned 7,489,173 shares in the company, valued at approximately $192,471,746.10. The trade was a 3.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Mark Barrysmith sold 13,757 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $21.23, for a total value of $292,061.11. Following the completion of the sale, the chief accounting officer directly owned 466,651 shares of the company's stock, valued at approximately $9,907,000.73. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,127,944 shares of company stock worth $27,166,375. 3.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Unity Software

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in shares of Unity Software by 3.5% during the fourth quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company's stock valued at $324,000 after acquiring an additional 488 shares in the last quarter. Amalgamated Bank grew its position in Unity Software by 3.0% during the 1st quarter. Amalgamated Bank now owns 18,132 shares of the company's stock valued at $355,000 after purchasing an additional 525 shares during the last quarter. Bouvel Investment Partners LLC increased its position in shares of Unity Software by 1.7% during the first quarter. Bouvel Investment Partners LLC now owns 35,595 shares of the company's stock valued at $697,000 after acquiring an additional 580 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Unity Software by 26.3% during the first quarter. Signaturefd LLC now owns 3,658 shares of the company's stock valued at $72,000 after purchasing an additional 762 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of Unity Software by 0.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 141,632 shares of the company's stock valued at $3,182,000 after acquiring an additional 973 shares during 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.

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