Steward Partners Investment Advisory LLC increased its stake in shares of Unity Software Inc. (NYSE: U – Get Rating) by 83.1% during Q1, according to the company in its latest 13F filing with the SEC. The institutional investor held 3,333 shares of the company after purchasing an additional 1,513 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Unity Software were worth $331,000 at the end of last quarter.
Several other institutional investors and hedge funds have also recently changed their positions in the stock. Northern Oak Wealth Management Inc. bought a new position in Unity Software in Q4 worth $25,000. Rockbridge Investment Management LCC bought a new position in Unity Software in Q4 worth $26,000. Capital Advisory Group Advisory Services LLC bought a new position in Unity Software in Q1 worth $28,000. FourThought Financial LLC bought a new position in Unity Software in Q1 worth $32,000. Finally, Montag A & Associates Inc. increased its position in Unity Software by 666.7% in the 4th quarter. Montag A & Associates Inc. now owns 230 shares of the company worth $33,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors hold 75.48% of the company’s shares.
Unity software trades down 0.5%
Shares of U opened at $37.39 on Friday. The company’s 50-day moving average price is $38.91 and its 200-day moving average price is $71.77. The company has a market capitalization of $11.07 billion, a price-earnings ratio of -17.80 and a beta of 2.37. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt ratio of 0.72. Unity Software Inc. has a 1 year minimum of $29.09 and a 1 year maximum of $210.00.
Unity Software (NYSE:U – Get Rating) last announced its results on Tuesday, May 10. The company reported ($0.44) earnings per share for the quarter, missing analyst consensus estimates of ($0.40) by ($0.04). Unity Software had a negative net margin of 50.40% and a negative return on equity of 20.50%. The company posted revenue of $320.13 million for the quarter, versus a consensus estimate of $321.17 million. During the same period of the previous year, the company posted EPS ($0.38). The company’s revenue for the quarter increased 36.4% year over year. Sell-side analysts expect Unity Software Inc. to post EPS of -1.68 for the current year.
A Wall Street analyst gives his opinion
U has been the subject of a number of analyst reports. Benchmark launched coverage on Unity Software stocks in a Wednesday, June 15 research report. They issued a “sell” rating and a target price of $27.00 on the stock. Stifel Nicolaus cut his price target on Unity Software shares from $100.00 to $60.00 in a Wednesday, July 13 research report. KeyCorp launched coverage on Unity Software stocks in a research report on Thursday, June 30. They issued a “sector weight” rating on the stock. Piper Sandler moved Unity Software shares from an “overweight” rating to a “neutral” rating and lowered her price target for the company from $55.00 to $34.00 in a research report from the Wednesday July 13. Finally, Credit Suisse Group lowered its price target on Unity Software shares from $137.00 to $105.00 and set an “outperform” rating on the stock in a Tuesday, June 21 research report. . One equity research analyst gave the stock a sell rating, six gave the stock a hold rating and nine gave the stock a buy rating. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.13.
Insider buying and selling
Separately, CFO Luis Felipe Visoso sold 33,804 shares of the company in a transaction dated Thursday, May 26. The shares were sold at an average price of $38.17, for a total transaction of $1,290,298.68. Following the sale, the CFO now owns 324,145 shares of the company, valued at $12,372,614.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Separately, CFO Luis Felipe Visoso sold 33,804 shares of the company in a transaction dated Thursday, May 26. The shares were sold at an average price of $38.17, for a total transaction of $1,290,298.68. Following the sale, the CFO now owns 324,145 shares of the company, valued at $12,372,614.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, CMO Carol W. Carpenter sold 8,186 shares of the company in a trade dated Thursday, May 26. The stock was sold at an average price of $38.19, for a total transaction of $312,623.34. Following the sale, the marketing director now directly owns 221,194 shares of the company, valued at approximately $8,447,398.86. The disclosure of this sale can be found here. Insiders sold 59,338 shares of the company valued at $2,394,305 during the last quarter. Company insiders own 6.90% of the company’s shares.
Unity Software Company Profile
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Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run and monetize real-time interactive 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, United Kingdom, Germany, Japan, China, Singapore and South Korea. Sud, as well as indirectly through independent distributors and resellers worldwide.
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