Maytree Asset Management Ltd Takes $540,000 Position in Unity Software Inc. (NYSE:U)

Maytree Asset Management Ltd bought a new position in Unity Software Inc. (NYSE:U - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,013 shares of the company's stock, valued at approximately $540,000. Unity Software accounts for approximately 1.2% of Maytree Asset Management Ltd's holdings, making the stock its 9th largest position.

A number of other hedge funds also recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in Unity Software in the 4th quarter worth approximately $30,000. Principal Securities Inc. boosted 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 acquiring an additional 477 shares during the period. Planning Capital Management Corp acquired a new position in Unity Software during the 3rd quarter worth $34,000. GAMMA Investing LLC grew its stake in shares of Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after purchasing an additional 411 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Unity Software during the third quarter valued at $43,000. 73.46% of the stock is currently owned by institutional investors.

Unity Software Price Performance

U traded up $0.31 during trading on Friday, hitting $28.31. The company's stock had a trading volume of 39,793,431 shares, compared to its average volume of 11,738,400. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $11.41 billion, a price-to-earnings ratio of -13.88 and a beta of 2.32. The firm's 50 day moving average price is $22.53 and its two-hundred day moving average price is $21.08. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $33.43.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. The business had revenue of $457.10 million during the quarter, compared to analysts' expectations of $433.47 million. Sell-side analysts forecast that Unity Software Inc. will post -1.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on U. UBS Group upped their target price on Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Needham & Company LLC upped their price objective on Unity Software from $26.00 to $33.00 and gave the company a "buy" rating in a report on Friday. Benchmark raised Unity Software from a "sell" rating to a "hold" rating in a report on Thursday. Wedbush reissued an "outperform" rating and issued a $27.00 price target on shares of Unity Software in a report on Thursday, February 13th. Finally, JMP Securities restated a "market perform" rating on shares of Unity Software in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $25.96.

Insider Activity

In other Unity Software news, Director Tomer Bar-Zeev sold 210,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $26.23, for a total transaction of $5,508,300.00. Following the completion of the sale, the director now directly owns 967,650 shares of the company's stock, valued at approximately $25,381,459.50. The trade was a 17.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Felix The sold 11,719 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $24.39, for a total transaction of $285,826.41. Following the completion of the transaction, the senior vice president now directly owns 411,960 shares in the company, valued at $10,047,704.40. This trade represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 762,597 shares of company stock valued at $18,732,374 over the last three months. 6.30% of the stock is owned by insiders.

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.