Aigen Investment Management LP bought a new stake in Unity Software Inc. (NYSE:U - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 24,930 shares of the company's stock, valued at approximately $488,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its position in shares of Unity Software by 30,300.0% during the first quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company's stock worth $25,000 after purchasing an additional 1,212 shares during the last quarter. Anderson Financial Strategies LLC bought a new stake in shares of Unity Software during the fourth quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Unity Software during the fourth quarter worth $36,000. Itau Unibanco Holding S.A. lifted its position in shares of Unity Software by 150.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock worth $40,000 after purchasing an additional 1,068 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Unity Software by 72.5% during the first quarter. GAMMA Investing LLC now owns 2,822 shares of the company's stock worth $55,000 after purchasing an additional 1,186 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have recently weighed in on U shares. Stifel Nicolaus decreased their target price on Unity Software from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Barclays lifted their price objective on Unity Software from $25.00 to $30.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. Needham & Company LLC lifted their price objective on Unity Software from $30.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded Unity Software from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Jefferies Financial Group lifted their price objective on Unity Software from $29.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Unity Software currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.
Check Out Our Latest Stock Analysis on U
Insider Buying and Selling
In other news, CEO Matthew S. Bromberg sold 133,072 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $21.24, for a total transaction of $2,826,449.28. Following the sale, the chief executive officer owned 1,222,812 shares of the company's stock, valued at $25,972,526.88. This trade represents a 9.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Helgason sold 261,473 shares of the firm'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 sale, the director directly owned 7,489,173 shares in the company, valued at $192,471,746.10. The trade was a 3.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,212,724 shares of company stock worth $31,284,962 in the last quarter. 3.61% of the stock is currently owned by corporate insiders.
Unity Software Stock Up 1.4%
Shares of U traded up $0.52 during mid-day trading on Thursday, hitting $38.46. 13,243,584 shares of the company traded hands, compared to its average volume of 15,892,902. Unity Software Inc. has a 1-year low of $15.33 and a 1-year high of $38.96. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $16.25 billion, a PE ratio of -36.28 and a beta of 2.32. The business has a 50 day moving average of $29.37 and a 200 day moving average of $24.40.
Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.01). Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%. The business had revenue of $440.94 million during the quarter, compared to analyst estimates of $425.18 million. During the same quarter last year, the company posted ($0.32) EPS. Unity Software's quarterly revenue was down 1.9% compared to the same quarter last year. Equities research analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current year.
Unity Software Company Profile
(
Free Report)
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.
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