Unity Software Target of Unusually Large Options Trading (NYSE:U)

Unity Software Inc. (NYSE:U) was the recipient of some unusual options trading on Thursday. Investors acquired 105,138 call options on the stock. This is an increase of 81% compared to the typical volume of 58,040 call options.

Unity Software Price Performance

NYSE:U traded down $0.72 during midday trading on Thursday, hitting $20.32. 8,287,217 shares of the stock were exchanged, compared to its average volume of 10,621,946. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of -9.39 and a beta of 2.27. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70. Unity Software has a one year low of $13.90 and a one year high of $43.54. The business has a 50-day moving average price of $17.72 and a two-hundred day moving average price of $19.80.

Unity Software (NYSE:U) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.12. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The business had revenue of $449.30 million during the quarter, compared to analyst estimates of $438.37 million. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. The company’s revenue was down 15.8% on a year-over-year basis. Sell-side analysts predict that Unity Software will post -1.86 EPS for the current year.

Insider Activity at Unity Software

In related news, SVP Anirma Gupta sold 1,506 shares of the company’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 transaction of $25,195.38. Following the sale, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at approximately $6,851,604.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Unity Software news, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the transaction, the director now directly owns 8,201,851 shares in the company, valued at $168,876,112.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Anirma Gupta sold 1,506 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at $6,851,604.20. The disclosure for this sale can be found here. Insiders sold a total of 283,906 shares of company stock valued at $5,753,611 over the last three months. 6.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Unity Software

A number of institutional investors and hedge funds have recently bought and sold shares of U. Tradewinds Capital Management LLC raised its holdings in shares of Unity Software by 245.6% in the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Unity Software by 2,429.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after buying an additional 996 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Unity Software by 308.8% during the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock worth $51,000 after acquiring an additional 2,359 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Unity Software by 31.6% during the 1st quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock worth $62,000 after acquiring an additional 562 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on U shares. Needham & Company LLC lowered their price objective on Unity Software from $31.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Macquarie upped their price target on shares of Unity Software from $12.00 to $15.00 and gave the stock an “underperform” rating in a research report on Tuesday, September 17th. Benchmark dropped their price objective on shares of Unity Software from $16.00 to $10.00 and set a “sell” rating on the stock in a report on Friday, August 9th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. Finally, Piper Sandler restated a “neutral” rating and issued a $17.00 price target (down previously from $25.00) on shares of Unity Software in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $24.21.

About Unity Software

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.