Tairen Capital Ltd Invests $1.12 Million in Unity Software Inc. (NYSE:U)

Tairen Capital Ltd acquired a new stake in shares of Unity Software Inc. (NYSE:U - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,000 shares of the company's stock, valued at approximately $1,124,000.

Several other institutional investors also recently bought and sold shares of U. Anderson Financial Strategies LLC bought a new stake in shares of Unity Software in the 4th quarter valued at about $28,000. R Squared Ltd acquired a new stake in Unity Software in the fourth quarter valued at approximately $30,000. Principal Securities Inc. boosted its stake in 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. purchased a new position in Unity Software in the fourth quarter worth $36,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Unity Software during the fourth quarter worth $40,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Unity Software

In related news, CAO Mark Barrysmith sold 1,395 shares of Unity Software stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total value of $30,243.60. Following the completion of the transaction, the chief accounting officer now owns 450,881 shares in the company, valued at $9,775,100.08. The trade was a 0.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tomer Bar-Zeev sold 166,667 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $21.59, for a total value of $3,598,340.53. Following the completion of the transaction, the director now directly owns 2,814,812 shares of the company's stock, valued at $60,771,791.08. The trade was a 5.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 783,645 shares of company stock valued at $18,063,816. 6.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on U shares. UBS Group lowered their price objective on Unity Software from $30.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Citigroup raised Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price target for the company in a report on Tuesday, March 11th. Wedbush downgraded shares of Unity Software from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday, May 7th. Wells Fargo & Company decreased their price objective on shares of Unity Software from $22.00 to $19.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, Morgan Stanley dropped their target price on shares of Unity Software from $32.00 to $25.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $24.21.

Unity Software Trading Up 7.3%

NYSE U opened at $22.77 on Monday. 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 current ratio of 2.41 and a quick ratio of 2.41. The company has a market capitalization of $9.46 billion, a PE ratio of -13.55 and a beta of 2.29. The company has a fifty day moving average of $20.52 and a 200 day moving average of $22.06.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings data 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 return on equity of 13.40% and a negative net margin of 36.63%. The business had revenue of $435.00 million during the quarter, compared to analyst estimates of $415.77 million. During the same quarter last year, the business posted $0.28 EPS. The company's revenue was down 5.5% on a year-over-year basis. Research analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current 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.

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