Xponance Inc. boosted its stake in shares of Unity Software Inc. (NYSE:U – Get Rating) by 42.1% during the fourth quarter, Holdings Channel reports. The fund owned 25,895 shares of the company’s stock after acquiring an additional 7,678 shares during the period. Xponance Inc.’s holdings in Unity Software were worth $740,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in U. Romano Brothers AND Company bought a new stake in shares of Unity Software during the fourth quarter worth $25,000. Ronald Blue Trust Inc. raised its holdings in Unity Software by 85.2% during the 3rd quarter. Ronald Blue Trust Inc. now owns 985 shares of the company’s stock worth $36,000 after purchasing an additional 453 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Unity Software during the 4th quarter valued at about $37,000. JTC Employer Solutions Trustee Ltd bought a new position in shares of Unity Software in the 4th quarter valued at about $38,000. Finally, Motco acquired a new stake in shares of Unity Software during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 82.50% of the company’s stock.
Unity Software Stock Performance
U opened at $31.13 on Friday. The company has a market capitalization of $9.36 billion, a price-to-earnings ratio of -10.55 and a beta of 2.17. The business’s 50-day moving average price is $32.56 and its two-hundred day moving average price is $31.84. Unity Software Inc. has a 1 year low of $21.22 and a 1 year high of $98.59. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.34 and a quick ratio of 2.34.
Unity Software (NYSE:U – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The company reported earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.24). The firm had revenue of $450.97 million for the quarter, compared to the consensus estimate of $433.25 million. Unity Software had a negative return on equity of 25.70% and a negative net margin of 66.21%. Equities analysts expect that Unity Software Inc. will post -1.48 EPS for the current fiscal year.
Insider Transactions at Unity Software
In related news, CMO Carol W. Carpenter sold 797 shares of the firm’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $32.03, for a total value of $25,527.91. Following the completion of the transaction, the chief marketing officer now owns 432,976 shares of the company’s stock, valued at $13,868,221.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CMO Carol W. Carpenter sold 797 shares of the company’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $32.03, for a total transaction of $25,527.91. Following the sale, the chief marketing officer now owns 432,976 shares in the company, valued at $13,868,221.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tomer Bar-Zeev sold 37,500 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $32.13, for a total value of $1,204,875.00. Following the completion of the transaction, the insider now owns 1,763,959 shares of the company’s stock, valued at $56,676,002.67. The disclosure for this sale can be found here. Insiders have sold a total of 156,125 shares of company stock valued at $4,952,394 over the last 90 days. 6.90% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
U have been the topic of a number of recent research reports. DA Davidson raised their price objective on shares of Unity Software from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Oppenheimer lowered Unity Software from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 23rd. Needham & Company LLC increased their target price on Unity Software from $35.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. The Goldman Sachs Group boosted their target price on Unity Software from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 15th. Finally, Credit Suisse Group cut their price target on shares of Unity Software from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Thursday, February 23rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.79.
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 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.
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