Unity Software (NYSE:U) Trading Down 7.6% – Should You Sell?

Unity Software Inc. (NYSE:U) shares fell 7.6% on Friday . The company traded as low as $17.40 and last traded at $17.40. 7,095,044 shares were traded during mid-day trading, a decline of 32% from the average session volume of 10,403,077 shares. The stock had previously closed at $18.84.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on U. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Benchmark boosted their price target on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a report on Friday, November 8th. UBS Group increased their price objective on Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, Barclays boosted their target price on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Unity Software has a consensus rating of “Hold” and a consensus price target of $23.35.

Unity Software Trading Down 8.0 %

The company’s fifty day simple moving average is $20.67 and its two-hundred day simple moving average is $18.77. The company has a quick ratio of 2.36, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Insider Buying and Selling

In other Unity Software news, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the sale, the senior vice president now owns 423,679 shares in the company, valued at $7,579,617.31. The trade was a 6.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Helgason sold 250,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. The trade was a 2.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 281,600 shares of company stock valued at $5,714,000. Insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after buying an additional 949 shares in the last quarter. Planning Capital Management Corp bought a new position in Unity Software in the third quarter valued at about $34,000. Northwestern Mutual Wealth Management Co. raised its stake in Unity Software by 163.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after acquiring an additional 1,389 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Unity Software in the third quarter worth about $43,000. Finally, Blue Trust Inc. boosted its stake in shares of Unity Software by 308.8% in the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after purchasing an additional 2,359 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

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.