Quinn Opportunity Partners LLC Invests $1.32 Million in Unity Software Inc. (NYSE:U)

Quinn Opportunity Partners LLC bought a new stake in shares of Unity Software Inc. (NYSE:U - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 58,809 shares of the company's stock, valued at approximately $1,321,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd acquired a new position in shares of Unity Software during the fourth quarter valued at approximately $30,000. Principal Securities Inc. raised its stake in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after purchasing an additional 477 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock valued at $37,000 after purchasing an additional 411 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Unity Software during the 4th quarter worth $40,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Unity Software by 144.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company's stock worth $43,000 after buying an additional 1,125 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company's stock.

Analyst Ratings Changes

U has been the topic of a number of recent research reports. Hsbc Global Res upgraded shares of Unity Software to a "strong-buy" rating in a research report on Friday, February 21st. Citizens Jmp upgraded Unity Software from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Jefferies Financial Group cut their price target on Unity Software from $24.00 to $16.00 and set a "hold" rating for the company in a report on Monday, April 7th. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Finally, Barclays raised their target price on Unity Software from $18.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.46.

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Unity Software Trading Up 3.6 %

Shares of NYSE:U traded up $0.66 during mid-day trading on Tuesday, reaching $18.82. 6,022,568 shares of the company were exchanged, compared to its average volume of 10,877,368. Unity Software Inc. has a 1 year low of $13.90 and a 1 year high of $30.88. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The firm's 50-day simple moving average is $21.65 and its 200 day simple moving average is $22.09. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of -11.20 and a beta of 2.31.

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

Insider Buying and Selling

In other Unity Software news, COO Alexander Blum sold 1,479 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $25.26, for a total transaction of $37,359.54. Following the completion of the transaction, the chief operating officer now owns 495,648 shares in the company, valued at $12,520,068.48. The trade was a 0.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Mark Barrysmith sold 1,362 shares of the firm's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total transaction of $29,841.42. Following the completion of the sale, the chief accounting officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 781,903 shares of company stock valued at $17,934,432 in the last ninety days. Company insiders own 6.30% of the company's stock.

Unity Software 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.