Neo Ivy Capital Management Makes New $714,000 Investment in Unity Software Inc. (NYSE:U)

Neo Ivy Capital Management bought a new position in Unity Software Inc. (NYSE:U - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm bought 31,578 shares of the company's stock, valued at approximately $714,000.

Several other large investors also recently bought and sold shares of U. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Unity Software by 56.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,234 shares of the company's stock worth $231,000 after buying an additional 5,128 shares during the period. 180 Wealth Advisors LLC acquired a new stake in Unity Software during the 2nd quarter worth about $215,000. Blue Trust Inc. grew its stake in Unity Software by 308.8% during the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company's stock valued at $51,000 after purchasing an additional 2,359 shares during the last quarter. Pasadena Private Wealth LLC acquired a new position in shares of Unity Software in the second quarter valued at about $211,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Unity Software by 40.6% in the second quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company's stock worth $23,929,000 after purchasing an additional 424,806 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company's stock.

Unity Software Price Performance

Shares of Unity Software stock traded down $0.44 on Thursday, reaching $26.12. The company's stock had a trading volume of 6,582,818 shares, compared to its average volume of 10,678,042. 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 company has a market capitalization of $10.52 billion, a P/E ratio of -13.01 and a beta of 2.33. The stock has a 50-day moving average price of $21.99 and a 200-day moving average price of $18.96. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $43.54.

Analysts Set New Price Targets

Several brokerages recently weighed in on U. Macquarie increased their price target on shares of Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a report on Friday, November 8th. Needham & Company LLC increased their price objective on shares of Unity Software from $23.00 to $26.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Wells Fargo & Company assumed coverage on shares of Unity Software in a report on Monday, October 28th. They set an "equal weight" rating and a $20.00 target price for the company. Morgan Stanley raised shares of Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 price target on the stock in a report on Tuesday, September 3rd. Finally, Wedbush lifted their price objective on Unity Software from $21.00 to $27.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $23.35.

Insider Buying and Selling

In related news, Director Shlomo Dovrat sold 3,750 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $17.99, for a total transaction of $67,462.50. Following the transaction, the director now directly owns 2,394,935 shares in the company, valued at approximately $43,084,880.65. The trade was a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David Helgason sold 250,000 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the transaction, the director now owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. This represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 762,241 shares of company stock valued at $16,359,820. 6.30% of the stock is owned by corporate insiders.

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.