Kennedy Capital Management LLC Invests $1.70 Million in Unity Software Inc. (NYSE:U)

Kennedy Capital Management LLC bought 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 13F filing with the Securities & Exchange Commission. The institutional investor bought 75,618 shares of the company's stock, valued at approximately $1,699,000.

A number of other large investors also recently modified their holdings of the business. R Squared Ltd acquired a new stake in Unity Software in the fourth quarter valued at $30,000. Principal Securities Inc. raised its holdings in shares of 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 period. GAMMA Investing LLC lifted 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 bought a new position in Unity Software during the fourth quarter worth about $40,000. Finally, Jones Financial Companies Lllp increased its position in Unity Software by 144.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company's stock worth $43,000 after buying an additional 1,125 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on U. Wells Fargo & Company reduced their target price on Unity Software from $22.00 to $19.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Barclays lifted their price objective on shares of Unity Software from $18.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Hsbc Global Res upgraded shares of Unity Software to a "strong-buy" rating in a research note on Friday, February 21st. Morgan Stanley reduced their target price on shares of Unity Software from $32.00 to $25.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Macquarie initiated coverage on shares of Unity Software in a report on Monday, March 10th. They issued a "neutral" rating and a $24.00 price target on the stock. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.96.

Insider Activity at Unity Software

In related news, CAO Mark Barrysmith sold 1,395 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total transaction of $30,243.60. Following the sale, the chief accounting officer now owns 450,881 shares in the company, valued at $9,775,100.08. The trade was a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Tomer Bar-Zeev sold 236,337 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total value of $5,653,181.04. Following the completion of the transaction, the director now directly owns 3,161,809 shares of the company's stock, valued at approximately $75,630,471.28. The trade was a 6.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 782,231 shares of company stock valued at $17,933,528 over the last ninety days. 6.30% of the stock is owned by corporate insiders.

Unity Software Price Performance

Unity Software stock traded up $0.31 during trading hours on Friday, reaching $19.20. 4,525,588 shares of the stock were exchanged, compared to its average volume of 10,877,218. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $30.88. The company has a market cap of $7.86 billion, a P/E ratio of -11.43 and a beta of 2.31. The stock has a 50 day moving average of $21.54 and a two-hundred day moving average of $22.03.

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 the consensus estimate of ($0.35) by $0.05. The business had revenue of $457.10 million during 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%. Equities analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal 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.