Unity Software Inc. (NYSE:U) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in shares of Unity Software Inc. (NYSE:U) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,435 shares of the company’s stock after buying an additional 488 shares during the quarter. Farther Finance Advisors LLC’s holdings in Unity Software were worth $324,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Unity Software in the fourth quarter valued at $30,000. Principal Securities Inc. raised its stake in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after purchasing an additional 477 shares during the last quarter. GAMMA Investing LLC raised its stake in Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in Unity Software in the 4th quarter valued at about $40,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Unity Software during the third quarter worth about $43,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insider Activity

In other Unity Software news, Director Tomer Bar-Zeev sold 236,337 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $23.92, for a total value of $5,653,181.04. Following the transaction, the director now owns 3,161,809 shares in the company, valued at $75,630,471.28. The trade was a 6.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Mark Barrysmith sold 1,395 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $21.68, for a total value of $30,243.60. Following the sale, the chief accounting officer now owns 450,881 shares of the company’s stock, valued at $9,775,100.08. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 863,309 shares of company stock worth $20,809,710. 6.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on U shares. HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Friday, February 21st. Wells Fargo & Company reduced their price target on Unity Software from $27.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. Wedbush reaffirmed an “outperform” rating and issued a $27.00 price objective on shares of Unity Software in a research report on Thursday, February 13th. Needham & Company LLC increased their target price on Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Benchmark upgraded Unity Software from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Ten research 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.61.

Unity Software Price Performance

U opened at $21.48 on Tuesday. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $30.88. The company has a 50 day moving average of $22.66 and a two-hundred day moving average of $21.99. The company has a market cap of $8.80 billion, a P/E ratio of -12.78 and a beta of 2.27. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. On average, analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current year.

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.