Proficio Capital Partners LLC Makes New $440,000 Investment in Unity Software Inc. (NYSE:U)

Proficio Capital Partners LLC bought a new position in Unity Software Inc. (NYSE:U - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 19,594 shares of the company's stock, valued at approximately $440,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. R Squared Ltd acquired a new position in Unity Software in the 4th quarter valued at about $30,000. Principal Securities Inc. raised its position in shares of Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after buying an additional 477 shares during the period. Planning Capital Management Corp acquired a new position in Unity Software in the third quarter valued at approximately $34,000. GAMMA Investing LLC grew its position in Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after acquiring an additional 411 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in Unity Software during the fourth quarter worth $40,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

U has been the subject of a number of research analyst reports. Needham & Company LLC increased their price target on Unity Software from $26.00 to $33.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Wells Fargo & Company dropped their price target on shares of Unity Software from $27.00 to $22.00 and set an "equal weight" rating for the company in a research report on Monday. Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Wedbush reiterated an "outperform" rating and set a $27.00 price target on shares of Unity Software in a research note on Thursday, February 13th. Finally, Barclays lifted their price objective on Unity Software from $18.00 to $26.00 and gave the company an "equal weight" rating in a research note on Friday, February 21st. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Unity Software has an average rating of "Hold" and an average price target of $25.61.

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Unity Software Stock Down 2.4 %

Unity Software stock traded down $0.53 during mid-day trading on Tuesday, hitting $20.99. 14,253,615 shares of the company's stock were exchanged, compared to its average volume of 12,854,043. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $30.88. The stock has a 50 day moving average of $22.93 and a two-hundred day moving average of $21.86. The stock has a market cap of $8.60 billion, a P/E ratio of -12.49 and a beta of 2.27. 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 (NYSE:U - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping analysts' consensus estimates of ($0.35) by $0.05. The firm had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. As a group, analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Insider Activity at Unity Software

In other news, Director Tomer Bar-Zeev sold 166,667 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $20.99, for a total value of $3,498,340.33. Following the completion of the sale, the director now directly owns 3,481,479 shares of the company's stock, valued at $73,076,244.21. This represents a 4.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Helgason sold 38,924 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $26.92, for a total value of $1,047,834.08. Following the completion of the transaction, the director now directly owns 7,828,494 shares of the company's stock, valued at approximately $210,743,058.48. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 864,537 shares of company stock worth $20,839,722 in the last ninety days. 6.30% of the stock is currently owned by 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.