Unity Software Inc. (NYSE:U) Position Boosted by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its holdings in Unity Software Inc. (NYSE:U) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,947 shares of the company’s stock after purchasing an additional 538 shares during the period. Farther Finance Advisors LLC’s holdings in Unity Software were worth $315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in U. Capital International Investors lifted its holdings in shares of Unity Software by 426.1% during the first quarter. Capital International Investors now owns 7,872,413 shares of the company’s stock valued at $210,193,000 after purchasing an additional 6,376,034 shares during the last quarter. Capital Research Global Investors raised its holdings in Unity Software by 18.7% during the 1st quarter. Capital Research Global Investors now owns 8,524,448 shares of the company’s stock worth $227,603,000 after buying an additional 1,342,787 shares during the period. Van ECK Associates Corp lifted its stake in Unity Software by 35.0% during the second quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company’s stock valued at $31,805,000 after buying an additional 507,274 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Unity Software by 40.6% in the second quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company’s stock worth $23,929,000 after buying an additional 424,806 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in shares of Unity Software by 161.3% in the second quarter. Canada Pension Plan Investment Board now owns 579,179 shares of the company’s stock worth $9,417,000 after acquiring an additional 357,500 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the transaction, the director now owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Felix The sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the transaction, the senior vice president now owns 423,679 shares of the company’s stock, valued at approximately $7,579,617.31. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Helgason sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the completion of the sale, the director now directly owns 8,201,851 shares in the company, valued at $168,876,112.09. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 281,600 shares of company stock valued at $5,714,000. Insiders own 6.30% of the company’s stock.

Unity Software Stock Performance

Shares of U opened at $20.49 on Friday. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of -10.00 and a beta of 2.29. The company’s fifty day moving average is $20.33 and its 200-day moving average is $18.99. The company has a quick ratio of 2.36, a current ratio of 2.36 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 $43.54.

Unity Software (NYSE:U) last posted its earnings results on Thursday, August 8th. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.12. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The firm had revenue of $449.30 million for the quarter, compared to the consensus estimate of $438.37 million. During the same period in the prior year, the business posted ($0.26) earnings per share. The business’s quarterly revenue was down 15.8% on a year-over-year basis. Equities analysts expect that Unity Software Inc. will post -1.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

U has been the subject of several research analyst reports. The Goldman Sachs Group reduced their price target on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a research report on Friday, August 9th. Needham & Company LLC raised their target price on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday. Piper Sandler reissued a “neutral” rating and set a $17.00 price target (down from $25.00) on shares of Unity Software in a research report on Friday, August 9th. Morgan Stanley upgraded Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research report on Tuesday, September 3rd. Finally, Wells Fargo & Company started coverage on Unity Software in a research note on Monday, October 28th. They set an “equal weight” rating and a $20.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.35.

Unity Software Company 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.