RPG Investment Advisory LLC Invests $404,000 in Unity Software Inc. (NYSE:U)

RPG Investment Advisory LLC acquired a new position in Unity Software Inc. (NYSE:U - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 17,970 shares of the company's stock, valued at approximately $404,000.

Several other hedge funds have also recently made changes to their positions in U. R Squared Ltd bought a new stake in Unity Software during the 4th quarter valued at approximately $30,000. Principal Securities Inc. lifted its stake in shares of 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 period. Planning Capital Management Corp purchased a new position in shares of Unity Software in the 3rd quarter valued at approximately $34,000. GAMMA Investing LLC boosted its position in shares of Unity Software by 33.6% during the fourth 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. Finally, Brooklyn Investment Group purchased a new stake in Unity Software in the third quarter worth $43,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Unity Software Stock Performance

NYSE:U traded down $1.61 during mid-day trading on Tuesday, hitting $25.67. 28,242,851 shares of the company traded hands, compared to its average volume of 12,622,181. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock's fifty day moving average price is $22.58 and its 200-day moving average price is $21.27. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of -15.28 and a beta of 2.32. Unity Software Inc. has a one year low of $13.90 and a one year high of $33.43.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. Research analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on U. Barclays increased their price target on shares of Unity Software from $18.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Friday. UBS Group boosted their target price on Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. 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. Wedbush restated an "outperform" rating and set a $27.00 price objective on shares of Unity Software in a research note on Thursday, February 13th. Finally, Morgan Stanley upped their price objective on Unity Software from $26.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Unity Software presently has a consensus rating of "Hold" and a consensus price target of $25.96.

Insider Buying and Selling at Unity Software

In related news, Director Tomer Bar-Zeev sold 210,000 shares of the firm's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $26.23, for a total transaction of $5,508,300.00. Following the completion of the transaction, the director now directly owns 967,650 shares of the company's stock, valued at approximately $25,381,459.50. This trade represents a 17.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Felix The sold 20,000 shares of Unity Software stock in a transaction on Friday, December 6th. The shares were sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the sale, the senior vice president now owns 391,960 shares in the company, valued at approximately $10,751,462.80. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 742,766 shares of company stock valued at $18,248,777 over the last ninety days. 6.30% of the stock is currently owned by company insiders.

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.