Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev Sells 166,667 Shares of Stock

Unity Software Inc. (NYSE:U) Director Tomer Bar-Zeev sold 166,667 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $20.04, for a total value of $3,340,006.68. Following the completion of the transaction, the director now owns 2,981,479 shares of the company’s stock, valued at $59,748,839.16. The trade was a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Tomer Bar-Zeev also recently made the following trade(s):

• On Tuesday, March 4th, Tomer Bar-Zeev sold 236,337 shares of Unity Software stock. The shares were sold at an average price of $23.92, for a total transaction of $5,653,181.04.
• On Thursday, February 20th, Tomer Bar-Zeev sold 83,333 shares of Unity Software stock. The shares were sold at an average price of $25.44, for a total transaction of $2,119,991.52.
• On Monday, February 3rd, Tomer Bar-Zeev sold 166,667 shares of Unity Software stock. The stock was sold at an average price of $20.99, for a total transaction of $3,498,340.33.
• On Thursday, January 2nd, Tomer Bar-Zeev sold 250,000 shares of Unity Software stock. The shares were sold at an average price of $25.02, for a total value of $6,255,000.00.

Unity Software Stock Up 4.0 %

NYSE U opened at $20.99 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The stock has a market capitalization of $8.60 billion, a P/E ratio of -12.49 and a beta of 2.27. The stock has a fifty day moving average of $22.46 and a 200-day moving average of $22.31.

Unity Software (NYSE:U) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The firm had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. On average, equities research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Friday, February 21st. Citizens Jmp raised shares of Unity Software from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Wedbush reiterated an “outperform” rating and set a $27.00 target price on shares of Unity Software in a research report on Thursday, February 13th. Morgan Stanley boosted their price target on shares of Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company dropped their price objective on shares of Unity Software from $27.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Unity Software has a consensus rating of “Moderate Buy” and an average target price of $25.32.

Hedge Funds Weigh In On Unity Software

Large investors have recently bought and sold shares of the business. Cerity Partners LLC increased its holdings in Unity Software by 45.1% in the third quarter. Cerity Partners LLC now owns 78,478 shares of the company’s stock valued at $1,775,000 after purchasing an additional 24,406 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Unity Software by 5.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 86,602 shares of the company’s stock valued at $1,959,000 after acquiring an additional 4,497 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Unity Software by 11.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,791 shares of the company’s stock valued at $1,217,000 after acquiring an additional 5,522 shares during the period. Edgestream Partners L.P. raised its position in shares of Unity Software by 637.9% in the 3rd quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock valued at $2,328,000 after acquiring an additional 88,955 shares during the period. Finally, Benjamin Edwards Inc. boosted its stake in Unity Software by 7,349.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 26,893 shares of the company’s stock worth $608,000 after acquiring an additional 26,532 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

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.