Affinity Capital Advisors LLC Has $2.63 Million Stock Position in Unity Software Inc. (NYSE:U)

Affinity Capital Advisors LLC cut its holdings in 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 fund 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 SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Unity Software by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,958,400 shares of the company's stock worth $44,005,000 after purchasing an additional 72,384 shares in the last quarter. Jessup Wealth Management Inc bought a new position in shares of Unity Software during the fourth quarter worth $510,000. Vanguard Group Inc. boosted its position in shares of Unity Software by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company's stock worth $699,335,000 after purchasing an additional 625,872 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Unity Software by 10.0% during the fourth quarter. CIBC Asset Management Inc now owns 376,794 shares of the company's stock worth $8,467,000 after acquiring an additional 34,322 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Unity Software during the fourth quarter worth $1,151,000. 73.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on U shares. Barclays dropped their price objective on shares of Unity Software from $26.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Wall Street Zen upgraded shares of Unity Software from a "hold" rating to a "buy" rating in a report on Monday, June 9th. Jefferies Financial Group upgraded shares of Unity Software from a "hold" rating to a "buy" rating and lifted their price target for the company from $22.00 to $29.00 in a research note on Friday, May 30th. Wedbush lowered shares of Unity Software from a "strong-buy" rating to a "strong sell" rating in a research note on Wednesday, May 7th. Finally, HSBC upgraded shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price target on the stock in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Unity Software has an average rating of "Moderate Buy" and a consensus price target of $25.14.

Insider Buying and Selling at Unity Software

In related news, Director Tomer Bar-Zeev sold 9,551 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $25.51, for a total transaction of $243,646.01. Following the completion of the transaction, the director now directly owns 748,099 shares in the company, valued at $19,084,005.49. This represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Helgason sold 261,473 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $25.70, for a total transaction of $6,719,856.10. Following the transaction, the director now owns 7,489,173 shares of the company's stock, valued at approximately $192,471,746.10. This represents a 3.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,296,538 shares of company stock valued at $30,546,097 in the last quarter. Company insiders own 3.61% of the company's stock.

Unity Software Stock Performance

Shares of U stock traded down $1.29 during midday trading on Friday, hitting $23.69. 11,151,538 shares of the company were exchanged, compared to its average volume of 11,440,300. The firm has a market capitalization of $9.85 billion, a P/E ratio of -14.10 and a beta of 2.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The firm's 50 day moving average price is $21.85 and its two-hundred day moving average price is $22.45. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88.

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

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.