Tairen Capital Ltd Takes Position in Unity Software Inc. (NYSE:U)

Tairen Capital Ltd bought a new position in shares of Unity Software Inc. (NYSE:U - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 50,000 shares of the company's stock, valued at approximately $1,124,000.

A number of other institutional investors and hedge funds have also bought and sold shares of U. Anderson Financial Strategies LLC bought a new stake in Unity Software in the 4th quarter valued at $28,000. R Squared Ltd bought a new stake in Unity Software in the 4th quarter valued at $30,000. Principal Securities Inc. increased its holdings in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after buying an additional 477 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Unity Software in the 4th quarter valued at $36,000. Finally, Itau Unibanco Holding S.A. increased its holdings in Unity Software by 150.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock valued at $40,000 after buying an additional 1,068 shares during the period. Institutional investors own 73.46% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on U shares. Wells Fargo & Company lowered their price target on shares of Unity Software from $22.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Stifel Nicolaus dropped their target price on shares of 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 reduced their price target on shares of Unity Software from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Citigroup raised shares of Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price objective on the stock in a research note on Tuesday, March 11th. Finally, Citizens Jmp raised 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, ten have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $24.21.

Insiders Place Their Bets

In other news, CAO Mark Barrysmith sold 1,414 shares of the stock in a transaction 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 owns 480,408 shares of the company's stock, valued at $10,290,339.36. This represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Alexander Blum sold 1,479 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $25.26, for a total transaction of $37,359.54. Following the completion of the transaction, the chief operating officer now directly owns 495,648 shares of the company's stock, valued at approximately $12,520,068.48. This trade represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 698,452 shares of company stock worth $15,903,500. Company insiders own 6.30% of the company's stock.

Unity Software Price Performance

Shares of U traded down $1.11 during mid-day trading on Friday, hitting $20.75. 9,571,391 shares of the company traded hands, compared to its average volume of 10,983,025. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average of $20.57 and a 200 day moving average of $22.07. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of -12.35 and a beta of 2.29.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, beating 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 business had revenue of $435.00 million for the quarter, compared to analyst estimates of $415.77 million. During the same period in the prior year, the business posted $0.28 earnings per share. Unity Software's revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

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.