Quest Partners LLC Has $486,000 Stock Position in Unity Software Inc. (NYSE:U)

Quest Partners LLC increased its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 213,614.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,920 shares of the company's stock after buying an additional 29,906 shares during the quarter. Quest Partners LLC's holdings in Unity Software were worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new stake in Unity Software during the 4th quarter worth approximately $37,000. Tidemark LLC acquired a new stake in shares of Unity Software in the fourth quarter valued at $39,000. Tradewinds Capital Management LLC increased its holdings in Unity Software by 245.6% in the first quarter. Tradewinds Capital Management LLC now owns 985 shares of the company's stock valued at $26,000 after buying an additional 700 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Unity Software by 2,429.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company's stock worth $28,000 after purchasing an additional 996 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company's stock worth $62,000 after buying an additional 562 shares during the period. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Unity Software Trading Up 5.2 %

Unity Software stock traded up $0.99 during midday trading on Friday, reaching $19.90. The stock had a trading volume of 26,560,135 shares, compared to its average volume of 10,171,292. The firm's fifty day simple moving average is $16.44 and its two-hundred day simple moving average is $20.40. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $43.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of -8.88 and a beta of 2.25.

Unity Software (NYSE:U - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.44) by $0.12. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The company had revenue of $449.30 million during the quarter, compared to the consensus estimate of $438.37 million. During the same quarter in the prior year, the firm earned ($0.26) EPS. The company's revenue was down 15.8% compared to the same quarter last year. Equities analysts anticipate that Unity Software Inc. will post -1.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

U has been the subject of a number of recent research reports. Morgan Stanley raised shares of Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 price objective for the company in a research note on Tuesday, September 3rd. Needham & Company LLC lowered their target price on shares of Unity Software from $31.00 to $23.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Macquarie lowered their price objective on shares of Unity Software from $14.00 to $12.00 and set an "underperform" rating for the company in a research note on Friday, August 9th. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research note on Friday. Finally, Piper Sandler restated a "neutral" rating and set a $17.00 target price (down previously from $25.00) on shares of Unity Software in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $26.82.

Insider Activity

In other news, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction dated 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 directly owns 8,201,851 shares in the company, valued at $168,876,112.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction dated 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 directly owns 8,201,851 shares in the company, valued at $168,876,112.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Felix The sold 30,000 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the transaction, the senior vice president now owns 423,679 shares in the company, valued at $7,579,617.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 285,472 shares of company stock worth $5,775,071. 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.