19,594 Shares in Unity Software Inc. (NYSE:U) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in Unity Software Inc. (NYSE:U) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 19,594 shares of the company’s stock, valued at approximately $440,000.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after buying an additional 411 shares during the period. Principal Securities Inc. increased its stake in Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after acquiring an additional 477 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Unity Software by 4.9% in the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock worth $349,000 after purchasing an additional 723 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Unity Software by 144.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company’s stock valued at $43,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Unity Software by 31.5% during the 4th quarter. Venturi Wealth Management LLC now owns 5,158 shares of the company’s stock worth $116,000 after purchasing an additional 1,235 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Unity Software

In other Unity Software news, CAO Mark Barrysmith sold 1,362 shares of Unity Software stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total value of $29,841.42. Following the completion of the transaction, the chief accounting officer now directly owns 452,276 shares in the company, valued at $9,909,367.16. The trade was a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total value of $6,255,000.00. Following the sale, the director now owns 3,648,146 shares in the company, valued at $91,276,612.92. The trade was a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 865,236 shares of company stock valued at $20,849,425. Insiders own 6.30% of the company’s stock.

Unity Software Stock Performance

Shares of U opened at $22.71 on Tuesday. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $30.88. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a market cap of $9.30 billion, a price-to-earnings ratio of -13.52 and a beta of 2.27. The business’s 50 day moving average is $22.59 and its two-hundred day moving average is $22.17.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on U shares. Jefferies Financial Group raised their price target on shares of Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a report on Friday, February 21st. Citigroup upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, March 11th. UBS Group increased their price target on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Benchmark upgraded Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Morgan Stanley upped their target price on Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Unity Software has a consensus rating of “Moderate Buy” and an average price target of $25.61.

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.