Nisa Investment Advisors LLC Sells 49,550 Shares of Unity Software Inc. (NYSE:U)

Nisa Investment Advisors LLC lowered its stake in Unity Software Inc. (NYSE:U) by 81.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,250 shares of the company’s stock after selling 49,550 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Unity Software were worth $460,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in U. Front Row Advisors LLC raised its holdings in Unity Software by 15,550.0% in the 2nd quarter. Front Row Advisors LLC now owns 626 shares of the company’s stock valued at $27,000 after buying an additional 622 shares during the last quarter. Huntington National Bank raised its holdings in Unity Software by 665.0% in the 3rd quarter. Huntington National Bank now owns 895 shares of the company’s stock valued at $28,000 after buying an additional 778 shares during the last quarter. Pacifica Partners Inc. bought a new position in Unity Software in the 4th quarter valued at approximately $33,000. Impact Partnership Wealth LLC raised its holdings in Unity Software by 1,151.0% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,251 shares of the company’s stock valued at $39,000 after buying an additional 1,151 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in Unity Software by 373.7% in the 2nd quarter. IFP Advisors Inc now owns 919 shares of the company’s stock valued at $40,000 after buying an additional 725 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Unity Software Stock Performance

NYSE U opened at $23.73 on Thursday. The company has a fifty day simple moving average of $28.31 and a 200 day simple moving average of $30.73. Unity Software Inc. has a 12-month low of $22.20 and a 12-month high of $50.08. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60.

Unity Software (NYSE:U) last posted its quarterly earnings results on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.89). Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The business had revenue of $609.27 million during the quarter, compared to analyst estimates of $551.01 million. During the same period in the previous year, the business posted ($0.50) EPS. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. As a group, sell-side analysts expect that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on U shares. Macquarie lowered shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price objective for the company. in a report on Monday, February 12th. The Goldman Sachs Group raised their price target on shares of Unity Software from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Stifel Nicolaus raised their price target on shares of Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Wedbush lowered their price target on shares of Unity Software from $50.00 to $33.50 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Finally, Piper Sandler upgraded shares of Unity Software from an “underweight” rating to a “neutral” rating and lowered their price target for the stock from $35.00 to $30.00 in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.03.

Insider Transactions at Unity Software

In other news, CMO Carol W. Carpenter sold 2,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $26.58, for a total value of $53,160.00. Following the completion of the sale, the chief marketing officer now owns 444,617 shares in the company, valued at approximately $11,817,919.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Anirma Gupta sold 756 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $33.07, for a total value of $25,000.92. Following the completion of the sale, the senior vice president now owns 396,985 shares in the company, valued at approximately $13,128,293.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Carol W. Carpenter sold 2,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $26.58, for a total transaction of $53,160.00. Following the completion of the transaction, the chief marketing officer now directly owns 444,617 shares in the company, valued at $11,817,919.86. The disclosure for this sale can be found here. Insiders sold a total of 341,723 shares of company stock worth $9,577,516 in the last quarter. 9.00% of the stock is currently owned by corporate insiders.

Unity Software 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.