Affinity Capital Advisors LLC Sells 16,648 Shares of Unity Software Inc. (NYSE:U)

Affinity Capital Advisors LLC trimmed its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 10.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 136,786 shares of the company's stock after selling 16,648 shares during the quarter. Affinity Capital Advisors LLC's holdings in Unity Software were worth $2,630,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of U. Choreo LLC raised its holdings in Unity Software by 14.0% in the 4th quarter. Choreo LLC now owns 10,940 shares of the company's stock valued at $246,000 after acquiring an additional 1,344 shares in the last quarter. Vontobel Holding Ltd. raised its stake in Unity Software by 64.3% in the fourth quarter. Vontobel Holding Ltd. now owns 50,250 shares of the company's stock valued at $1,129,000 after purchasing an additional 19,668 shares in the last quarter. Rhumbline Advisers raised its stake in Unity Software by 0.7% in the fourth quarter. Rhumbline Advisers now owns 314,852 shares of the company's stock valued at $7,075,000 after purchasing an additional 2,122 shares in the last quarter. Principal Securities Inc. lifted its position 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 purchasing an additional 477 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Unity Software during the fourth quarter worth about $204,000. Institutional investors and hedge funds own 73.46% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on U shares. Citigroup raised 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. Needham & Company LLC decreased their price objective on shares of Unity Software from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Morgan Stanley lowered their price objective on shares of Unity Software from $32.00 to $25.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. HSBC upgraded Unity Software from a "hold" rating to a "buy" rating and set a $34.00 target price for the company in a research note on Friday, February 21st. Finally, Stifel Nicolaus decreased their price target on Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Unity Software presently has a consensus rating of "Moderate Buy" and an average price target of $25.14.

Insider Buying and Selling

In other Unity Software news, Director Tomer Bar-Zeev sold 9,551 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $25.51, for a total value of $243,646.01. Following the sale, the director now owns 748,099 shares in the company, valued at approximately $19,084,005.49. The trade was a 1.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Mark Barrysmith sold 1,595 shares of the firm's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $18.43, for a total value of $29,395.85. Following the transaction, the chief accounting officer now owns 481,822 shares of the company's stock, valued at $8,879,979.46. This trade represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,294,611 shares of company stock worth $30,506,382 in the last ninety days. Company insiders own 3.61% of the company's stock.

Unity Software Price Performance

Shares of NYSE U traded up $0.34 during mid-day trading on Wednesday, hitting $23.89. 7,021,542 shares of the stock traded hands, compared to its average volume of 11,421,857. The company has a market cap of $9.93 billion, a PE ratio of -21.33 and a beta of 2.34. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $30.88. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.74 and a quick ratio of 2.74. The firm has a 50 day simple moving average of $22.07 and a two-hundred day simple moving average of $22.45.

Unity Software (NYSE:U - Get Free Report) last announced 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. The firm had revenue of $435.00 million for the quarter, compared to analyst estimates of $415.77 million. Unity Software had a negative return on equity of 14.12% and a negative net margin of 25.21%. The business's revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. As a group, equities research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

About Unity Software

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.