Blair William & Co. IL Purchases 12,242 Shares of Unity Software Inc. (NYSE:U)

Key Points

• Blair William & Co. IL increased its holdings in Unity Software by 8.6% in the first quarter, owning a total of 154,958 shares valued at approximately $3.036 million.
• Unity Software's stock price opened at $33.52 and has shown a 5% increase, with a market cap of $13.93 billion.
• Analysts currently have an average rating of "Hold" for Unity Software, with projected EPS of -1.25 for the current year.

Blair William & Co. IL lifted its position in shares of Unity Software Inc. (NYSE:U - Free Report) by 8.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,958 shares of the company's stock after buying an additional 12,242 shares during the period. Blair William & Co. IL's holdings in Unity Software were worth $3,036,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of U. PNC Financial Services Group Inc. boosted its holdings in Unity Software by 19.2% during the first quarter. PNC Financial Services Group Inc. now owns 8,936 shares of the company's stock worth $175,000 after purchasing an additional 1,439 shares during the last quarter. Moors & Cabot Inc. bought a new stake in Unity Software during the 1st quarter worth about $987,000. US Bancorp DE boosted its stake in shares of Unity Software by 110.1% during the 1st quarter. US Bancorp DE now owns 26,860 shares of the company's stock worth $526,000 after buying an additional 14,074 shares during the last quarter. Pasadena Private Wealth LLC grew its holdings in shares of Unity Software by 115.5% in the 1st quarter. Pasadena Private Wealth LLC now owns 127,228 shares of the company's stock valued at $2,474,000 after acquiring an additional 68,202 shares in the last quarter. Finally, Bayforest Capital Ltd grew its holdings in shares of Unity Software by 175.5% in the 1st quarter. Bayforest Capital Ltd now owns 6,045 shares of the company's stock valued at $118,000 after acquiring an additional 3,851 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Stock Up 5.0%

Unity Software stock opened at $33.52 on Friday. The company's 50-day moving average price is $28.35 and its two-hundred day moving average price is $23.93. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.70. The stock has a market cap of $13.93 billion, a P/E ratio of -31.62 and a beta of 2.32. Unity Software Inc. has a twelve month low of $13.94 and a twelve month high of $38.96.

Unity Software (NYSE:U - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The firm had revenue of $440.94 million during the quarter, compared to analyst estimates of $425.18 million. Unity Software had a negative net margin of 24.38% and a negative return on equity of 13.59%. Unity Software's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.32) EPS. As a group, analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on U. BTIG Research cut Unity Software from a "neutral" rating to a "sell" rating and set a $25.00 price target for the company. in a research report on Wednesday, July 23rd. Needham & Company LLC upped their price objective on Unity Software from $30.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday. JMP Securities raised their target price on shares of Unity Software from $30.00 to $35.00 and gave the company a "market outperform" rating in a research note on Thursday. Wall Street Zen lowered shares of Unity Software from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Morgan Stanley increased their price target on shares of Unity Software from $25.00 to $40.00 and gave the company an "overweight" rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $29.85.

Insider Activity

In other Unity Software news, Director Shlomo Dovrat sold 50,000 shares of Unity Software stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $30.01, for a total value of $1,500,500.00. Following the completion of the sale, the director owned 189,089 shares in the company, valued at $5,674,560.89. The trade was a 20.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $26.39, for a total transaction of $6,597,500.00. Following the transaction, the director owned 2,398,146 shares in the company, valued at approximately $63,287,072.94. The trade was a 9.44% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,210,142 shares of company stock worth $31,199,782. Corporate insiders own 3.61% of the company's stock.

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.

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