Unity Software Inc. $U Shares Sold by FNY Investment Advisers LLC

FNY Investment Advisers LLC lessened its holdings in shares of Unity Software Inc. (NYSE:U) by 95.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,377 shares of the company’s stock after selling 26,663 shares during the quarter. FNY Investment Advisers LLC’s holdings in Unity Software were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of U. Beaumont Financial Advisors LLC bought a new position in Unity Software in the fourth quarter worth about $274,000. Blue Trust Inc. boosted its stake in Unity Software by 3,360.6% in the fourth quarter. Blue Trust Inc. now owns 1,142 shares of the company’s stock valued at $50,000 after acquiring an additional 1,109 shares during the period. TB Alternative Assets Ltd. bought a new position in shares of Unity Software during the fourth quarter valued at approximately $2,908,000. Exchange Traded Concepts LLC raised its position in shares of Unity Software by 3.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 380,318 shares of the company’s stock worth $16,799,000 after purchasing an additional 11,181 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Unity Software by 37.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,462 shares of the company’s stock worth $522,000 after purchasing an additional 3,122 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insiders Place Their Bets

In other Unity Software news, CAO Mark Barrysmith sold 10,578 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total transaction of $191,144.46. Following the completion of the sale, the chief accounting officer directly owned 383,901 shares of the company’s stock, valued at approximately $6,937,091.07. This represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Alexander Blum sold 2,541 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $18.76, for a total transaction of $47,669.16. Following the completion of the transaction, the chief operating officer owned 548,425 shares of the company’s stock, valued at approximately $10,288,453. The trade was a 0.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 41,684 shares of company stock worth $773,350. Company insiders own 3.61% of the company’s stock.

Unity Software Price Performance

Shares of NYSE:U opened at $22.75 on Friday. The company has a market capitalization of $9.93 billion, a PE ratio of -23.70, a price-to-earnings-growth ratio of 10.03 and a beta of 2.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a fifty day moving average of $22.36 and a 200-day moving average of $34.96. Unity Software Inc. has a one year low of $15.33 and a one year high of $52.15.

Unity Software (NYSE:U) last issued its earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The business had revenue of $503.09 million for the quarter, compared to analysts’ expectations of $490.64 million. During the same period in the previous year, the firm posted ($0.30) EPS. The company’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, equities analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on U shares. Wedbush restated an “outperform” rating and set a $30.00 price objective on shares of Unity Software in a research report on Friday, March 27th. Bank of America increased their target price on Unity Software from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, March 27th. Freedom Capital raised shares of Unity Software to a “strong-buy” rating in a report on Thursday, January 15th. Wells Fargo & Company lowered their price target on shares of Unity Software from $38.00 to $29.00 and set an “overweight” rating for the company in a research report on Friday, March 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Unity Software in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.41.

Unity Software Company Profile

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.