Unity Software Sees Unusually High Options Volume (NYSE:U)

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

Unity Software Stock Up 5.6 %

NYSE U opened at $21.84 on Friday. Unity Software has a twelve month low of $13.90 and a twelve month high of $43.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.36. The stock has a market cap of $8.67 billion, a PE ratio of -9.75 and a beta of 2.28. The firm has a 50-day simple moving average of $17.81 and a 200 day simple moving average of $19.80.

Unity Software (NYSE:U) last issued its earnings results on Thursday, August 8th. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company posted ($0.26) earnings per share. Unity Software’s revenue was down 15.8% on a year-over-year basis. On average, research analysts forecast that Unity Software will post -1.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on U shares. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. Benchmark lowered their target price on Unity Software from $16.00 to $10.00 and set a “sell” rating on the stock in a research note on Friday, August 9th. Needham & Company LLC cut their price target 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. Morgan Stanley upgraded Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price target for the company in a report on Tuesday, September 3rd. Finally, The Goldman Sachs Group dropped their price objective on Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $24.21.

Insider Buying and Selling at Unity Software

In other Unity Software news, SVP Anirma Gupta sold 1,506 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $16.73, for a total value of $25,195.38. Following the sale, the senior vice president now directly owns 409,540 shares in the company, valued at approximately $6,851,604.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director David Helgason sold 250,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the sale, the director now directly owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 sale, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at approximately $6,851,604.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 283,906 shares of company stock valued at $5,753,611. 6.30% of the stock is owned by corporate insiders.

Institutional Trading of Unity Software

Several institutional investors have recently bought and sold shares of U. Capital International Investors grew its stake in Unity Software by 426.1% during the first quarter. Capital International Investors now owns 7,872,413 shares of the company’s stock worth $210,193,000 after buying an additional 6,376,034 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Unity Software by 510.2% in the 4th quarter. Capital Research Global Investors now owns 7,181,661 shares of the company’s stock worth $293,658,000 after acquiring an additional 6,004,655 shares in the last quarter. Nikko Asset Management Americas Inc. grew its position in Unity Software by 32.6% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 11,326,547 shares of the company’s stock worth $302,419,000 after acquiring an additional 2,787,058 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Unity Software by 30.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company’s stock valued at $317,984,000 after purchasing an additional 2,777,884 shares in the last quarter. Finally, Contour Asset Management LLC raised its position in Unity Software by 77.8% in the 4th quarter. Contour Asset Management LLC now owns 4,091,289 shares of the company’s stock valued at $167,293,000 after purchasing an additional 1,790,326 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

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.