Sender Co & Partners Inc. Buys New Shares in Unity Software Inc. $U

Key Points

• Sender Co & Partners Inc. has acquired a new position in Unity Software Inc., purchasing 104,256 shares valued at approximately $2,042,000, making Unity 1.1% of their investment portfolio.
• Several hedge funds have increased their holdings in Unity Software, with Cornerstone Planning Group LLC raising its stake by 30,300.0%, now owning 1,216 shares valued at $25,000.
• Wall Street analysts have recently shifted their outlook on Unity Software, with price targets ranging from $30.00 to $44.00, reflecting a range of ratings from "Strong Buy" to "Hold."

Sender Co & Partners Inc. purchased a new stake in shares of Unity Software Inc. (NYSE:U - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 104,256 shares of the company's stock, valued at approximately $2,042,000. Unity Software accounts for about 1.1% of Sender Co & Partners Inc.'s holdings, making the stock its 24th largest position.

A number of other institutional investors have also recently bought and sold shares of the business. Rip Road Capital Partners LP increased its holdings in shares of Unity Software by 23.0% in the 1st quarter. Rip Road Capital Partners LP now owns 123,000 shares of the company's stock valued at $2,410,000 after purchasing an additional 23,000 shares during the period. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Unity Software by 12.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 37,959 shares of the company's stock worth $744,000 after purchasing an additional 4,155 shares during the period. Integrated Wealth Concepts LLC increased its stake in Unity Software by 3.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 88,927 shares of the company's stock valued at $1,742,000 after buying an additional 2,743 shares during the period. Invenomic Capital Management LP purchased a new stake in Unity Software in the 1st quarter worth approximately $5,486,000. Finally, Gotham Asset Management LLC lifted its position in Unity Software by 6.1% in the 1st quarter. Gotham Asset Management LLC now owns 625,153 shares of the company's stock worth $12,247,000 after buying an additional 35,694 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Trading Down 5.3%

U traded down $2.42 on Wednesday, hitting $43.08. The company had a trading volume of 10,561,776 shares, compared to its average volume of 11,307,816. 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's fifty day moving average price is $35.04 and its 200 day moving average price is $26.63. Unity Software Inc. has a 1-year low of $15.33 and a 1-year high of $46.00.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on U shares. Wall Street Zen raised shares of Unity Software from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Barclays boosted their target price on Unity Software from $25.00 to $30.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. UBS Group raised their price target on Unity Software from $22.00 to $33.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Zacks Research lowered Unity Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Wedbush increased their price objective on Unity Software from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $31.20.

Insider Transactions at Unity Software

In other Unity Software news, Director Shlomo Dovrat sold 50,000 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $30.01, for a total transaction of $1,500,500.00. Following the completion of the transaction, the director owned 189,089 shares of the company's stock, valued at $5,674,560.89. The trade was a 20.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Helgason sold 1,350,000 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $44.43, for a total transaction of $59,980,500.00. Following the sale, the director owned 6,139,173 shares of the company's stock, valued at $272,763,456.39. This trade represents a 18.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,981,485 shares of company stock worth $82,447,777. Corporate insiders own 3.61% of the company's stock.

About Unity Software

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.