Strs Ohio reduced its position in shares of Unity Software Inc. (NYSE:U – Get Rating) by 60.3% in the first quarter, HoldingsChannel.com reports. The firm owned 10,278 shares of the company’s stock after selling 15,598 shares during the period. Strs Ohio’s holdings in Unity Software were worth $1,019,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of U. Stratos Wealth Partners LTD. boosted its stake in shares of Unity Software by 4.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,339 shares of the company’s stock worth $334,000 after acquiring an additional 89 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in shares of Unity Software by 2.0% during the fourth quarter. Summit Trail Advisors LLC now owns 4,856 shares of the company’s stock worth $694,000 after acquiring an additional 96 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of Unity Software by 5.2% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 1,949 shares of the company’s stock worth $279,000 after acquiring an additional 97 shares in the last quarter. IFP Advisors Inc raised its holdings in Unity Software by 40.2% during the fourth quarter. IFP Advisors Inc now owns 359 shares of the company’s stock valued at $52,000 after buying an additional 103 shares in the last quarter. Finally, Lloyd Advisory Services LLC. raised its holdings in Unity Software by 24.5% during the fourth quarter. Lloyd Advisory Services LLC. now owns 524 shares of the company’s stock valued at $75,000 after buying an additional 103 shares in the last quarter. 75.48% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on the company. KeyCorp assumed coverage on Unity Software in a research report on Thursday, June 30th. They set a “sector weight” rating on the stock. Stifel Nicolaus cut their target price on shares of Unity Software from $100.00 to $60.00 in a research note on Wednesday. Credit Suisse Group dropped their price objective on shares of Unity Software from $137.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday, June 21st. Jefferies Financial Group dropped their price objective on shares of Unity Software from $40.00 to $36.00 in a research report on Thursday, June 16th. Finally, Benchmark initiated coverage on shares of Unity Software in a report on Wednesday, June 15th. They set a “sell” rating and a $27.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Unity Software presently has a consensus rating of “Moderate Buy” and an average target price of $91.21.
Shares of NYSE U opened at $32.82 on Thursday. Unity Software Inc. has a twelve month low of $29.09 and a twelve month high of $210.00. The firm has a fifty day simple moving average of $40.54 and a 200 day simple moving average of $79.93. The company has a market capitalization of $9.72 billion, a PE ratio of -15.63 and a beta of 2.37. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 0.72.
Unity Software (NYSE:U – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.04). The company had revenue of $320.13 million during the quarter, compared to analyst estimates of $321.17 million. Unity Software had a negative return on equity of 20.50% and a negative net margin of 50.40%. The company’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.38) earnings per share. As a group, equities analysts expect that Unity Software Inc. will post -1.66 earnings per share for the current fiscal year.
In related news, Director David Helgason sold 2,407 shares of the business’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $46.29, for a total transaction of $111,420.03. Following the transaction, the director now directly owns 5,322 shares in the company, valued at $246,355.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Marc Whitten sold 3,433 shares of Unity Software stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $65.54, for a total transaction of $224,998.82. Following the completion of the sale, the senior vice president now directly owns 270,798 shares in the company, valued at approximately $17,748,100.92. The disclosure for this sale can be found here. Insiders sold 59,338 shares of company stock valued at $2,394,305 over the last 90 days. Corporate insiders own 6.90% of the company’s stock.
Unity Software Company Profile (Get Rating)
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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