FNY Investment Advisers LLC Boosts Stock Holdings in Unity Software Inc. (NYSE:U)

FNY Investment Advisers LLC grew its stake in Unity Software Inc. (NYSE:U - Free Report) by 707.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,144 shares of the company's stock after purchasing an additional 14,144 shares during the quarter. FNY Investment Advisers LLC's holdings in Unity Software were worth $316,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Anderson Financial Strategies LLC acquired a new position in shares of Unity Software in the fourth quarter valued at about $28,000. Principal Securities Inc. grew its stake in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after acquiring an additional 477 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Unity Software in the fourth quarter valued at about $36,000. Itau Unibanco Holding S.A. grew its stake in shares of Unity Software by 150.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock valued at $40,000 after acquiring an additional 1,068 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of Unity Software in the fourth quarter valued at about $40,000. 73.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on U. UBS Group decreased their price target on shares of Unity Software from $30.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. HSBC upgraded shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective on the stock in a research note on Friday, February 21st. Needham & Company LLC reduced 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. Wall Street Zen upgraded shares of Unity Software from a "hold" rating to a "buy" rating in a research note on Monday, June 9th. Finally, Citizens Jmp upgraded shares of Unity Software from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Unity Software presently has an average rating of "Moderate Buy" and an average price target of $25.14.

Unity Software Price Performance

Shares of U traded up $0.34 during mid-day trading on Thursday, reaching $23.89. The company had a trading volume of 7,032,608 shares, compared to its average volume of 11,444,430. The company's 50 day simple moving average is $22.15 and its 200 day simple moving average is $22.46. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.74 and a current ratio of 2.74. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of -21.33 and a beta of 2.34.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, beating analysts' consensus estimates of ($0.38) by $0.19. Unity Software had a negative net margin of 25.21% and a negative return on equity of 14.12%. The company had revenue of $435.00 million for the quarter, compared to the consensus estimate of $415.77 million. During the same period last year, the company posted $0.28 EPS. The firm's quarterly revenue was down 5.5% compared to the same quarter last year. Analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Insider Buying and Selling

In related news, Director Tomer Bar-Zeev sold 9,551 shares of Unity Software 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 sale, the director now directly owns 748,099 shares in the company, valued at $19,084,005.49. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Mark Barrysmith sold 1,595 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $18.43, for a total transaction of $29,395.85. Following the transaction, the chief accounting officer now owns 481,822 shares of the company's stock, valued at approximately $8,879,979.46. The trade was a 0.33% decrease in their position. 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 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.