Tradition Wealth Management LLC Purchases Shares of 17,511 Unity Software Inc. (NYSE:U)

Tradition Wealth Management LLC acquired a new position in shares of Unity Software Inc. (NYSE:U - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 17,511 shares of the company's stock, valued at approximately $393,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after acquiring an additional 411 shares during the last quarter. Principal Securities Inc. raised its holdings in Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after purchasing an additional 477 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Unity Software by 3.5% during the fourth quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company's stock valued at $324,000 after buying an additional 488 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Unity Software by 4.9% in the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company's stock worth $349,000 after purchasing an additional 723 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in Unity Software by 144.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company's stock worth $43,000 after buying an additional 1,125 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Price Performance

Shares of Unity Software stock traded up $0.14 during trading on Friday, reaching $22.45. The company's stock had a trading volume of 6,380,660 shares, compared to its average volume of 10,926,773. The stock has a 50-day moving average price of $21.53 and a two-hundred day moving average price of $22.00. The stock has a market capitalization of $9.33 billion, a P/E ratio of -13.36 and a beta of 2.31. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88.

Unity Software (NYSE:U - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.35) by $0.05. The company had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. As a group, sell-side analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Insider Activity

In related news, Director Tomer Bar-Zeev sold 166,667 shares of Unity Software stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total transaction of $3,498,340.33. Following the completion of the sale, the director now directly owns 3,481,479 shares of the company's stock, valued at $73,076,244.21. The trade was a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Alexander Blum sold 1,479 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now owns 495,648 shares in the company, valued at $12,520,068.48. This represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 782,231 shares of company stock valued at $17,933,528 over the last 90 days. 6.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley cut their price objective on Unity Software from $32.00 to $25.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Jefferies Financial Group cut their price target on Unity Software from $24.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, April 7th. Needham & Company LLC boosted their price target on Unity Software from $26.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Benchmark upgraded shares of Unity Software from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Citigroup raised Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price target on the stock in a research report on Tuesday, March 11th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Unity Software currently has a consensus rating of "Moderate Buy" and an average target price of $23.96.

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.