Polymer Capital Management HK LTD Takes $885,000 Position in Unity Software Inc. (NYSE:U)

Polymer Capital Management HK LTD acquired a new stake in Unity Software Inc. (NYSE:U - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 39,400 shares of the company's stock, valued at approximately $885,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of U. The Manufacturers Life Insurance Company lifted its stake in shares of Unity Software by 5.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 86,602 shares of the company's stock valued at $1,959,000 after purchasing an additional 4,497 shares during the period. Benjamin Edwards Inc. lifted its stake in Unity Software by 7,349.6% in the third quarter. Benjamin Edwards Inc. now owns 26,893 shares of the company's stock valued at $608,000 after buying an additional 26,532 shares during the period. Janus Henderson Group PLC boosted its holdings in Unity Software by 463.7% during the third quarter. Janus Henderson Group PLC now owns 119,000 shares of the company's stock worth $2,691,000 after buying an additional 97,889 shares during the last quarter. Quarry LP grew its position in shares of Unity Software by 232.0% during the 3rd quarter. Quarry LP now owns 4,422 shares of the company's stock worth $100,000 after buying an additional 3,090 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of Unity Software by 1,169.2% in the 3rd quarter. Quantinno Capital Management LP now owns 198,810 shares of the company's stock valued at $4,497,000 after acquiring an additional 183,146 shares during the last quarter. 73.46% of the stock is owned by institutional investors.

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Analyst Ratings Changes

U has been the topic of several recent analyst reports. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. UBS Group decreased their price target on shares of Unity Software from $30.00 to $22.00 and set a "neutral" rating for the company in a report on Friday. Barclays raised their price objective on Unity Software from $18.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Needham & Company LLC lifted their target price on Unity Software from $26.00 to $33.00 and gave the stock a "buy" rating in a 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 investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.46.

Unity Software Stock Up 0.9 %

U stock traded up $0.17 during mid-day trading on Friday, reaching $19.25. The company had a trading volume of 5,933,506 shares, compared to its average volume of 10,873,252. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The company has a market capitalization of $7.89 billion, a price-to-earnings ratio of -11.46 and a beta of 2.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The stock has a 50 day simple moving average of $21.71 and a two-hundred day simple moving average of $22.13.

Unity Software (NYSE:U - Get Free Report) last issued its 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. The business had revenue of $457.10 million for the quarter, compared to the consensus estimate 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, equities analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insider Activity

In other Unity Software news, Director Tomer Bar-Zeev sold 83,333 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $25.44, for a total value of $2,119,991.52. Following the transaction, the director now directly owns 3,398,146 shares of the company's stock, valued at $86,448,834.24. This represents a 2.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mark Barrysmith sold 1,362 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total transaction of $29,841.42. Following the sale, the chief accounting officer now owns 452,276 shares of the company's stock, valued at $9,909,367.16. This trade represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 781,903 shares of company stock valued at $17,934,432. 6.30% of the stock is owned by company insiders.

About Unity Software

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.