WESPAC Advisors SoCal LLC Purchases New Stake in Unity Software Inc. (NYSE:U)

WESPAC Advisors SoCal LLC purchased a new position in shares of Unity Software Inc. (NYSE:U - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,942 shares of the company's stock, valued at approximately $410,000.

A number of other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Unity Software by 116.2% in the first quarter. Janney Montgomery Scott LLC now owns 29,085 shares of the company's stock valued at $570,000 after buying an additional 15,633 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Unity Software during the first quarter worth $433,000. Vanguard Group Inc. boosted its holdings in Unity Software by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company's stock worth $699,335,000 after purchasing an additional 625,872 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Unity Software during the fourth quarter worth $1,151,000. Finally, GAMMA Investing LLC raised its position in Unity Software by 72.5% during the first quarter. GAMMA Investing LLC now owns 2,822 shares of the company's stock worth $55,000 after acquiring an additional 1,186 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company's stock.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $26.39, for a total transaction of $6,597,500.00. Following the transaction, the director owned 2,398,146 shares in the company, valued at approximately $63,287,072.94. This represents a 9.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David Helgason sold 261,473 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $25.70, for a total transaction of $6,719,856.10. Following the transaction, the director owned 7,489,173 shares in the company, valued at approximately $192,471,746.10. The trade was a 3.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,276,809 shares of company stock worth $31,561,623 over the last ninety days. 3.61% of the stock is owned by corporate insiders.

Unity Software Trading Down 1.9%

Shares of NYSE U traded down $0.63 during midday trading on Friday, reaching $32.71. The stock had a trading volume of 7,931,270 shares, compared to its average volume of 15,723,192. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of -29.21 and a beta of 2.29. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $38.96. 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's 50 day moving average price is $26.38 and its 200 day moving average price is $23.25.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $435.00 million for the quarter, compared to the consensus estimate of $415.77 million. During the same quarter in the previous year, the company earned $0.28 EPS. The company's revenue for the quarter was down 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective 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. UBS Group increased their price objective on shares of Unity Software from $22.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Bank of America assumed coverage on shares of Unity Software in a research report on Thursday, June 26th. They issued an "underperform" rating and a $15.00 price objective on the stock. Stifel Nicolaus dropped their price objective on shares of Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, BTIG Research lowered shares of Unity Software from a "neutral" rating to a "sell" rating and set a $25.00 price target on the stock. in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $27.22.

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.