Advisory Services Network LLC Makes New Investment in Unity Software Inc. (NYSE:U)

Advisory Services Network LLC acquired a new stake in shares of Unity Software Inc. (NYSE:U) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 39,133 shares of the company’s stock, valued at approximately $879,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares in the last quarter. Principal Securities Inc. increased its position in Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Unity Software by 3.5% during the fourth quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company’s stock valued at $324,000 after buying an additional 488 shares during the last quarter. Tidal Investments LLC boosted its holdings in Unity Software by 4.9% in the third quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock worth $349,000 after acquiring an additional 723 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Unity Software by 144.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company’s stock worth $43,000 after acquiring an additional 1,125 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Stock Down 5.4 %

Shares of U stock opened at $18.19 on Tuesday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88. The stock has a market cap of $7.45 billion, a P/E ratio of -10.83 and a beta of 2.31. The company has a 50 day simple moving average of $21.65 and a two-hundred day simple moving average of $22.09.

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

Insider Transactions at Unity Software

In other Unity Software news, CAO Mark Barrysmith sold 1,362 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $21.91, for a total transaction of $29,841.42. Following the sale, the chief accounting officer now directly owns 452,276 shares of the company’s stock, valued at $9,909,367.16. This trade represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Anirma Gupta sold 31,948 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $25.23, for a total value of $806,048.04. Following the completion of the transaction, the senior vice president now owns 542,942 shares in the company, valued at $13,698,426.66. The trade was a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 781,903 shares of company stock valued at $17,934,432 over the last quarter. 6.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

U has been the topic of a number of analyst reports. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. HSBC upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Friday, February 21st. Barclays raised their price target on shares of Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. Citigroup raised Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company reduced their target price on Unity Software from $22.00 to $19.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.46.

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.