5,162 Shares in Unity Software Inc. (NYSE:U) Bought by Independent Advisor Alliance

Independent Advisor Alliance purchased a new position in Unity Software Inc. (NYSE:U) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,162 shares of the company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BluePath Capital Management LLC lifted its position in Unity Software by 6.7% during the fourth quarter. BluePath Capital Management LLC now owns 5,453 shares of the company’s stock valued at $223,000 after buying an additional 342 shares during the period. Kovack Advisors Inc. lifted its position in Unity Software by 1.5% during the fourth quarter. Kovack Advisors Inc. now owns 26,411 shares of the company’s stock valued at $1,080,000 after buying an additional 380 shares during the period. Natixis Advisors L.P. raised its position in shares of Unity Software by 3.2% in the 3rd quarter. Natixis Advisors L.P. now owns 13,226 shares of the company’s stock worth $415,000 after purchasing an additional 407 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Unity Software by 2.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 17,602 shares of the company’s stock worth $553,000 after purchasing an additional 433 shares during the last quarter. Finally, Bouvel Investment Partners LLC raised its position in shares of Unity Software by 2.1% in the 4th quarter. Bouvel Investment Partners LLC now owns 22,186 shares of the company’s stock worth $907,000 after purchasing an additional 446 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Benchmark reaffirmed a “sell” rating and issued a $16.00 price target on shares of Unity Software in a research report on Friday, May 10th. Citigroup lowered their price target on Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Wedbush reaffirmed an “outperform” rating and issued a $33.50 price target on shares of Unity Software in a research report on Friday, May 10th. Stifel Nicolaus lifted their price objective on Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Macquarie downgraded Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price objective for the company. in a report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Unity Software presently has an average rating of “Hold” and a consensus target price of $35.38.

Insider Activity

In related news, SVP Felix The sold 4,374 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $32.55, for a total value of $142,373.70. Following the transaction, the senior vice president now directly owns 298,948 shares of the company’s stock, valued at approximately $9,730,757.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Felix The sold 4,374 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $32.55, for a total value of $142,373.70. Following the transaction, the senior vice president now directly owns 298,948 shares of the company’s stock, valued at approximately $9,730,757.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $26.59, for a total value of $6,647,500.00. Following the completion of the transaction, the director now directly owns 4,498,146 shares in the company, valued at $119,605,702.14. The disclosure for this sale can be found here. Insiders have sold a total of 425,685 shares of company stock valued at $11,248,241 in the last ninety days. Corporate insiders own 6.30% of the company’s stock.

Unity Software Stock Down 0.5 %

U stock opened at $20.46 on Thursday. Unity Software Inc. has a twelve month low of $20.32 and a twelve month high of $50.08. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.70. The business’s 50-day moving average price is $24.66 and its 200-day moving average price is $29.93.

Unity Software (NYSE:U) last posted its quarterly earnings data on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. The company had revenue of $609.27 million for the quarter, compared to analysts’ expectations of $551.01 million. During the same period in the previous year, the firm earned ($0.50) earnings per share. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. As a group, research analysts predict that Unity Software Inc. will post -0.63 EPS for the current year.

Unity Software Profile

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.