Merit Financial Group LLC Takes Position in Unity Software Inc. (NYSE:U)

Merit Financial Group LLC bought a new stake in shares of Unity Software Inc. (NYSE:U - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,504 shares of the company's stock, valued at approximately $225,000.

Several other large investors have also recently modified their holdings of the stock. Anderson Financial Strategies LLC purchased a new position in Unity Software during the 4th quarter valued at $28,000. Principal Securities Inc. boosted its holdings in Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after acquiring an additional 477 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Unity Software during the 4th quarter valued at $36,000. Whipplewood Advisors LLC purchased a new position in Unity Software during the 4th quarter valued at $40,000. Finally, Itau Unibanco Holding S.A. boosted its holdings in Unity Software by 150.4% during the 4th 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 during the period. Institutional investors own 73.46% of the company's stock.

Insider Activity at Unity Software

In other news, Director Tomer Bar-Zeev sold 166,667 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $20.04, for a total value of $3,340,006.68. Following the completion of the sale, the director now owns 2,981,479 shares of the company's stock, valued at $59,748,839.16. This represents a 5.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Mark Barrysmith sold 1,414 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $21.42, for a total transaction of $30,287.88. Following the completion of the sale, the chief accounting officer now directly owns 480,408 shares of the company's stock, valued at approximately $10,290,339.36. This trade represents a 0.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,296,538 shares of company stock valued at $30,546,097. Corporate insiders own 3.61% of the company's stock.

Unity Software Price Performance

Shares of U traded down $1.29 during mid-day trading on Friday, hitting $23.69. 11,151,538 shares of the company were exchanged, compared to its average volume of 11,440,300. 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 2.41 and a current ratio of 2.41. The company has a 50 day moving average of $21.85 and a 200-day moving average of $22.45. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of -14.10 and a beta of 2.34.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.19. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $435.00 million during the quarter, compared to the consensus estimate of $415.77 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The company's revenue for the quarter was down 5.5% on a year-over-year basis. Analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

U has been the subject of a number of recent analyst reports. Citigroup upgraded Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price objective for the company in a report on Tuesday, March 11th. Stifel Nicolaus lowered their target price on Unity Software from $35.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Wedbush cut Unity Software from a "strong-buy" rating to a "strong sell" rating in a research note on Wednesday, May 7th. HSBC upgraded Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a research note on Friday, February 21st. Finally, Wall Street Zen upgraded Unity Software from a "hold" rating to a "buy" rating in a research note on Monday, June 9th. One research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $25.14.

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.