Summit Trail Advisors LLC acquired a new stake in shares of Unity Software Inc. in the fourth quarter. (NYSE:U – Free Report), according to its most recent filing with the Securities and Exchange Commission (SEC). The company acquired 5,209 shares of the company, worth approximately $213,000.
Other hedge funds have also recently made changes to their positions in the company. Spire Wealth Management increased its position in Unity Software by 234.2% in the 4th quarter. Spire Wealth Management now owns 10,841 shares of the company’s stock valued at $443,000 after purchasing an additional 7,597 shares in the last quarter. Nkcfo LLC purchased a new stake in shares of Unity Software in the fourth quarter worth approximately $204,000. River Global Investors LLP increased its position in shares of Unity Software by 44.4% during the fourth quarter. River Global Investors LLP now owns 18,959 shares of the company’s stock valued at $775,000 after purchasing an additional 5,829 shares in the last quarter. TCG Advisory Services LLC purchased a new position in Unity Software during the fourth quarter valued at approximately $509,000. Finally, Vestmark bought Advisory Solutions Inc. in the fourth quarter, a new stake in Unity Software valued at approximately $9,166,000. 73.46% of the shares are currently held by institutional investors and hedge funds.
Analysts set new price targets
Several research firms have commented on U. Barclays lowering their target price on shares of Unity Software from $30.00 to $28.00 and setting an “equalweight” rating on the stock in a research report on Tuesday, February 27th. Citigroup lowered their price objective on Unity Software from $50.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28. Wedbush reiterated an “outperform” rating and issued a $33.50 price target on shares of Unity Software in a research note on Thursday, May 2. Needham & Company LLC lowered their price target on Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27. Finally, Macquarie downgraded shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price target for the company. in a research report on Monday, February 12. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.03.
Check out our latest report on Unity software
Unity Software Price Performance
Shares of NYSE:U opened at $24.09 on Thursday. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.85. The company has a market cap of $9.30 billion, a price-to-earnings ratio of -11.15 and a beta of 2.40. Unity Software Inc. has a twelve month low of $22.20 and a twelve month high of $50.08. The company has a 50-day moving average of $25.82 and a two-hundred-day moving average of $30.26.
Unity Software (NYSE:U – Get Free Report) posted its latest earnings results on Monday, February 26. The company reported ($0.66) earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by ($0.89). The company had revenue of $609.27 million for the quarter, compared to the consensus estimate of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. Unity Software’s revenue for the quarter increased 35.1% compared to the same quarter last year. During the same quarter of the previous year, the company earned ($0.50) earnings per share. Stock analysts predict that Unity Software Inc. will post an earnings per share of -0.63 for the current year.
Insider transactions at Unity Software
In other news, SVP Anirma Gupta sold 1,037 shares in a transaction dated Monday, April 29. The shares sold at an average price of $24.42, for a total value of $25,323.54. Following the sale, the senior vice president now directly owns 386,706 shares of the company’s stock, valued at $9,443,360.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares sold at an average price of $26.59, for a total value of $6,647,500.00. Following the sale, the director now directly owns 4,498,146 shares of the company’s stock, valued at $119,605,702.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, SVP Anirma Gupta sold 1,037 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares sold at an average price of $24.42, for a total transaction of $25,323.54. Following the completion of the sale, the senior vice president now directly owns 386,706 shares of the company’s stock, valued at $9,443,360.52. The explanation of this sale can be found here. Over the last ninety days, insiders have sold 338,917 shares of the company’s stock, valued at $9,460,820. 6.30% of the shares are currently owned by business insiders.
About Unity software
(Free report)
Unity Software Inc operates a real-time 3D development platform. The platform provides software solutions for creating, executing and generating 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 stores 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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