Proficio Capital Partners LLC Buys Shares of 19,594 Unity Software Inc. (NYSE:U)

Proficio Capital Partners LLC purchased a new position in shares of Unity Software Inc. (NYSE:U - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,594 shares of the company's stock, valued at approximately $440,000.

Several other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Unity Software by 100.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock valued at $42,662,000 after buying an additional 944,709 shares during the last quarter. Cerity Partners LLC lifted its holdings in Unity Software by 45.1% in the third quarter. Cerity Partners LLC now owns 78,478 shares of the company's stock valued at $1,775,000 after acquiring an additional 24,406 shares during the period. Algert Global LLC purchased a new stake in Unity Software in the 3rd quarter worth approximately $1,733,000. Monolith Management Ltd acquired a new stake in shares of Unity Software during the 3rd quarter worth approximately $10,993,000. Finally, West Tower Group LLC purchased a new position in shares of Unity Software during the 3rd quarter valued at approximately $226,000. Hedge funds and other institutional investors own 73.46% of the company's stock.

Wall Street Analysts Forecast Growth

U has been the topic of a number of recent analyst reports. Needham & Company LLC increased their target price on Unity Software from $26.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, February 21st. UBS Group lifted their price objective on Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Citizens Jmp raised Unity Software from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Wells Fargo & Company dropped their target price on shares of Unity Software from $27.00 to $22.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Finally, Hsbc Global Res upgraded shares of Unity Software to a "strong-buy" rating in a research report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Unity Software currently has an average rating of "Moderate Buy" and a consensus target price of $25.61.

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Insiders Place Their Bets

In other news, CAO Mark Barrysmith sold 1,362 shares of the business's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $21.91, for a total transaction of $29,841.42. Following the transaction, the chief accounting officer now directly owns 452,276 shares in the company, valued at $9,909,367.16. The trade was a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total value of $6,255,000.00. Following the completion of the sale, the director now directly owns 3,648,146 shares in the company, valued at $91,276,612.92. This represents a 6.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 865,236 shares of company stock valued at $20,849,425. Insiders own 6.30% of the company's stock.

Unity Software Stock Up 0.6 %

NYSE:U traded up $0.14 during trading hours on Tuesday, hitting $22.87. The company's stock had a trading volume of 6,371,480 shares, compared to its average volume of 10,567,291. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $30.88. The stock has a market capitalization of $9.37 billion, a P/E ratio of -13.61 and a beta of 2.27. The stock has a fifty day moving average of $22.59 and a 200-day moving average of $22.17.

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, topping analysts' consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The firm had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. On average, equities analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current year.

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.