Proficio Capital Partners LLC Purchases New Shares in Unity Software Inc. (NYSE:U)

Proficio Capital Partners LLC acquired a new position in Unity Software Inc. (NYSE:U - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 19,594 shares of the company's stock, valued at approximately $440,000.

A number of other large investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in shares of Unity Software by 100.4% during the third 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 period. Erste Asset Management GmbH purchased a new position in shares of Unity Software during the 3rd quarter worth approximately $12,317,000. Monolith Management Ltd purchased a new position in shares of Unity Software in the 3rd quarter valued at approximately $10,993,000. Weiss Asset Management LP bought a new stake in shares of Unity Software during the third quarter valued at approximately $10,335,000. Finally, Geode Capital Management LLC raised its holdings in Unity Software by 9.7% in the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company's stock worth $106,008,000 after purchasing an additional 413,474 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Stock Performance

NYSE U traded down $1.06 during trading hours on Friday, hitting $20.52. 11,054,843 shares of the company's stock traded hands, compared to its average volume of 10,675,562. 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 firm has a market capitalization of $8.41 billion, a P/E ratio of -12.21 and a beta of 2.27. The business's fifty day moving average price is $22.60 and its two-hundred day moving average price is $22.22.

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Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $433.47 million. Equities research analysts predict that Unity Software Inc. will post -1.25 EPS for the current year.

Analysts Set New Price Targets

U has been the topic of a number of recent research reports. Hsbc Global Res raised shares of Unity Software to a "strong-buy" rating in a research report on Friday, February 21st. Wedbush reaffirmed an "outperform" rating and set a $27.00 target price on shares of Unity Software in a research note on Thursday, February 13th. Jefferies Financial Group raised their price objective on Unity Software from $23.00 to $28.00 and gave the company a "hold" rating in a research report on Friday, February 21st. Needham & Company LLC increased their target price on Unity Software from $26.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Macquarie started coverage on Unity Software in a report on Monday, March 10th. They set a "neutral" rating and a $24.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Unity Software presently has an average rating of "Moderate Buy" and an average target price of $25.61.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 166,667 shares of Unity Software stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $20.99, for a total value of $3,498,340.33. Following the sale, the director now directly owns 3,481,479 shares in the company, valued at approximately $73,076,244.21. The trade was a 4.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mark Barrysmith sold 1,362 shares of the 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 of the company's stock, valued at $9,909,367.16. This trade represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 865,236 shares of company stock worth $20,849,425. 6.30% of the stock is owned by company insiders.

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.