Capital Impact Advisors LLC Purchases New Position in Unity Software Inc. (NYSE:U)

Capital Impact Advisors LLC bought a new stake in shares of Unity Software Inc. (NYSE:U - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 27,088 shares of the company's stock, valued at approximately $440,000.

A number of other large investors also recently added to or reduced their stakes in the business. Royal London Asset Management Ltd. boosted its position in Unity Software by 0.4% during the 4th quarter. Royal London Asset Management Ltd. now owns 116,167 shares of the company's stock valued at $4,750,000 after buying an additional 440 shares during the period. Advisors Asset Management Inc. boosted its holdings 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 purchasing an additional 562 shares during the period. Bouvel Investment Partners LLC grew its stake in shares of Unity Software by 2.7% in the first quarter. Bouvel Investment Partners LLC now owns 22,783 shares of the company's stock worth $608,000 after purchasing an additional 597 shares during the last quarter. Tradewinds Capital Management LLC increased its holdings in Unity Software by 245.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company's stock valued at $26,000 after purchasing an additional 700 shares during the period. Finally, Arkadios Wealth Advisors raised its position in Unity Software by 8.3% during the 1st quarter. Arkadios Wealth Advisors now owns 12,043 shares of the company's stock valued at $322,000 after purchasing an additional 924 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Needham & Company LLC cut their price target on shares of Unity Software from $31.00 to $23.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Morgan Stanley raised Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 price objective for the company in a research report on Tuesday, September 3rd. Macquarie upped their target price on shares of Unity Software from $12.00 to $15.00 and gave the stock an "underperform" rating in a research report on Tuesday, September 17th. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research report on Friday, September 13th. Finally, Piper Sandler restated a "neutral" rating and issued a $17.00 price objective (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, seven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Unity Software has an average rating of "Hold" and an average target price of $24.21.

Unity Software Stock Up 0.1 %

U traded up $0.02 on Monday, hitting $22.61. The company had a trading volume of 13,070,169 shares, compared to its average volume of 10,621,062. The business's fifty day simple moving average is $17.40 and its 200 day simple moving average is $19.85. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $43.54.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) 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 firm had revenue of $449.30 million during the quarter, compared to analysts' expectations of $438.37 million. During the same period in the previous year, the company earned ($0.26) EPS. The firm's revenue for the quarter was down 15.8% compared to the same quarter last year. As a group, equities research analysts predict that Unity Software Inc. will post -1.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Felix The sold 30,000 shares of the company'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 completion of the sale, the senior vice president now directly owns 423,679 shares of the company's stock, valued at $7,579,617.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Unity Software news, 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 completion of the transaction, the senior vice president now directly owns 423,679 shares in the company, valued at $7,579,617.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Anirma Gupta sold 1,506 shares of the firm's stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $16.73, for a total transaction of $25,195.38. Following the completion of the sale, the senior vice president now owns 409,540 shares in the company, valued at $6,851,604.20. The disclosure for this sale can be found here. Insiders have sold 283,906 shares of company stock worth $5,753,611 in the last ninety days. 6.30% of the stock is owned by company 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.