AXQ Capital LP Invests $681,000 in Unity Software Inc. (NYSE:U)

AXQ Capital LP acquired a new position in Unity Software Inc. (NYSE:U - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 30,321 shares of the company's stock, valued at approximately $681,000.

Several other hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Unity Software during the 4th quarter worth $30,000. Principal Securities Inc. lifted its holdings in Unity Software by 50.5% in 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 during the period. GAMMA Investing LLC grew its position 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 buying an additional 411 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Unity Software during the 4th quarter valued at about $40,000. Finally, Brooklyn Investment Group bought a new stake in shares of Unity Software during the 3rd quarter worth about $43,000. 73.46% of the stock is currently owned by institutional investors.

Unity Software Stock Down 2.3 %

NYSE:U traded down $0.50 on Thursday, hitting $21.57. 7,274,359 shares of the company's stock traded hands, compared to its average volume of 10,555,862. The company has a market cap of $8.84 billion, a PE ratio of -12.84 and a beta of 2.27. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average price of $22.61 and a 200-day moving average price of $22.22.

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Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $433.47 million. Equities analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Insider Transactions at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the transaction, the director now directly owns 3,648,146 shares in the company, valued at $91,276,612.92. This trade represents a 6.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mark Barrysmith sold 1,445 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $20.61, for a total value of $29,781.45. Following the completion of the sale, the chief accounting officer now directly owns 483,417 shares of the company's stock, valued at $9,963,224.37. This represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 865,236 shares of company stock valued at $20,849,425. 6.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on U. Jefferies Financial Group increased their price objective on shares of Unity Software from $23.00 to $28.00 and gave the company a "hold" rating in a report on Friday, February 21st. Macquarie initiated coverage on Unity Software in a research report on Monday, March 10th. They set a "neutral" rating and a $24.00 price target on the stock. Morgan Stanley raised their target price on Unity Software from $26.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. HSBC upgraded shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price target on the stock in a research report on Friday, February 21st. Finally, Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Ten 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $25.61.

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.