Algert Global LLC Boosts Holdings in Unity Software Inc. (NYSE:U)

Algert Global LLC grew its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 51.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 116,166 shares of the company's stock after acquiring an additional 39,546 shares during the period. Algert Global LLC's holdings in Unity Software were worth $2,610,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of U. 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 valued at $349,000 after acquiring an additional 723 shares during the last quarter. GAMMA Investing LLC lifted 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 purchasing an additional 411 shares during the period. Everence Capital Management Inc. bought a new stake in shares of Unity Software in the 4th quarter valued at $265,000. Avanza Fonder AB acquired a new stake in shares of Unity Software during the fourth quarter worth $732,000. Finally, Ariose Capital Management Ltd bought a new position in Unity Software during the fourth quarter worth $2,299,000. Institutional investors and hedge funds own 73.46% of the company's stock.

Unity Software Stock Down 0.4 %

Shares of Unity Software stock traded down $0.08 on Friday, hitting $20.57. The company had a trading volume of 7,373,905 shares, compared to its average volume of 11,024,798. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of -12.24 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88. The stock has a 50 day moving average of $20.64 and a 200-day moving average of $21.98.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.38) by $0.19. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The business had revenue of $435.00 million during the quarter, compared to analyst estimates of $415.77 million. During the same period in the prior year, the firm posted $0.28 EPS. Unity Software's quarterly revenue was down 5.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on U. UBS Group decreased their price target on Unity Software from $30.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Macquarie initiated coverage on Unity Software in a research note on Monday, March 10th. They set a "neutral" rating and a $24.00 target price for the company. Hsbc Global Res raised Unity Software to a "strong-buy" rating in a research note on Friday, February 21st. Barclays reduced their price objective on shares of Unity Software from $26.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday. Finally, Wedbush downgraded shares of Unity Software from a "strong-buy" rating to a "strong sell" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $24.21.

Insider Buying and Selling at Unity Software

In related news, Director Tomer Bar-Zeev sold 166,667 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $21.59, for a total transaction of $3,598,340.53. Following the completion of the transaction, the director now owns 2,814,812 shares of the company's stock, valued at approximately $60,771,791.08. The trade was a 5.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark Barrysmith sold 1,395 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $21.68, for a total transaction of $30,243.60. Following the transaction, the chief accounting officer now owns 450,881 shares of the company's stock, valued at $9,775,100.08. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 782,231 shares of company stock worth $18,033,528 in the last quarter. 6.30% of the stock is currently owned by company insiders.

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.