GenTrust LLC Acquires Shares of 342,341 Unity Software Inc. (NYSE:U)

GenTrust LLC acquired a new position in shares of Unity Software Inc. (NYSE:U - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 342,341 shares of the company's stock, valued at approximately $7,692,000. GenTrust LLC owned approximately 0.08% of Unity Software at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Unity Software during the fourth quarter worth $30,000. Principal Securities Inc. lifted its position in Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after buying an additional 477 shares in the last quarter. Planning Capital Management Corp bought a new stake in Unity Software during the 3rd quarter worth about $34,000. GAMMA Investing LLC lifted its position in Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after buying an additional 411 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of Unity Software during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 73.46% of the company's stock.

Analysts Set New Price Targets

U has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Unity Software from $20.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Morgan Stanley upped their price target on shares of Unity Software from $26.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. JMP Securities reissued a "market perform" rating on shares of Unity Software in a report on Monday, February 3rd. HSBC raised shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a report on Friday, February 21st. Finally, Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $25.04.

Unity Software Stock Down 2.3 %

Shares of U traded down $0.60 during trading hours on Friday, reaching $25.58. 13,728,765 shares of the stock traded hands, compared to its average volume of 12,864,354. 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 stock has a fifty day simple moving average of $22.82 and a 200 day simple moving average of $21.52. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The company has a market cap of $10.48 billion, a price-to-earnings ratio of -15.22 and a beta of 2.32.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) 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 business had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. On average, equities analysts forecast that Unity Software Inc. will post -1.25 EPS for the current year.

Insider Transactions at Unity Software

In other Unity Software news, CFO Mark Barrysmith sold 1,228 shares of Unity Software stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $24.44, for a total transaction of $30,012.32. Following the completion of the sale, the chief financial officer now directly owns 453,638 shares in the company, valued at $11,086,912.72. The trade was a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Felix The sold 20,000 shares of Unity Software stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $27.43, for a total transaction of $548,600.00. Following the sale, the senior vice president now owns 391,960 shares of the company's stock, valued at approximately $10,751,462.80. The trade was a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 866,060 shares of company stock worth $21,451,338 over the last quarter. Corporate insiders own 6.30% of the company's stock.

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.