LifePro Asset Management Takes $2.17 Million Position in Unity Software Inc. (NYSE:U)

LifePro Asset Management purchased a new stake in shares of Unity Software Inc. (NYSE:U - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 96,088 shares of the company's stock, valued at approximately $2,174,000. Unity Software accounts for about 1.3% of LifePro Asset Management's holdings, making the stock its 27th largest position.

Several other institutional investors have also recently made changes to their positions in U. Tradewinds Capital Management LLC increased its stake in shares of Unity Software by 245.6% during 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 period. Benjamin F. Edwards & Company Inc. grew its stake in Unity Software by 2,429.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company's stock valued at $28,000 after purchasing an additional 996 shares during the last quarter. GAMMA Investing LLC grew its stake in Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company's stock valued at $28,000 after purchasing an additional 949 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company's stock valued at $36,000 after purchasing an additional 1,389 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Unity Software by 308.8% in the second 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. Hedge funds and other institutional investors own 73.46% of the company's stock.

Unity Software Stock Performance

NYSE:U traded up $0.73 during trading hours on Friday, reaching $21.62. The company had a trading volume of 8,490,553 shares, compared to its average volume of 10,559,939. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $43.54. The firm has a market cap of $8.58 billion, a PE ratio of -10.54 and a beta of 2.28. The business's 50 day moving average price is $18.44 and its 200-day moving average price is $19.57. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36.

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

Insider Transactions at Unity Software

In other news, SVP Anirma Gupta sold 1,506 shares of the company's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $16.73, for a total transaction of $25,195.38. Following the completion of the transaction, the senior vice president now directly owns 409,540 shares of the company's stock, valued at $6,851,604.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, SVP Anirma Gupta sold 1,506 shares of the business's stock in a transaction that occurred on Monday, July 29th. The stock was 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 directly owns 409,540 shares in the company, valued at approximately $6,851,604.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Felix The sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the sale, the senior vice president now owns 423,679 shares of the company's stock, valued at $7,579,617.31. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 283,906 shares of company stock valued at $5,753,611 in the last three months. 6.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

U has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their price target on Unity Software from $26.00 to $22.50 and set a "neutral" rating on the stock in a research note on Friday, August 9th. JMP Securities restated a "market perform" rating on shares of Unity Software in a research note on Friday, September 13th. Macquarie boosted their price target on Unity Software from $12.00 to $15.00 and gave the stock an "underperform" rating in a research note on Tuesday, September 17th. Stifel Nicolaus lifted their target price on Unity Software from $20.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, September 13th. Finally, Morgan Stanley raised Unity Software from an "equal weight" rating to an "overweight" rating and set a $22.00 target price for the company in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $24.21.

About Unity Software

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.