Farther Finance Advisors LLC Raises Stake in Unity Software Inc. (NYSE:U)

Farther Finance Advisors LLC raised its position in Unity Software Inc. (NYSE:U) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,435 shares of the company’s stock after purchasing an additional 488 shares during the period. Farther Finance Advisors LLC’s holdings in Unity Software were worth $324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of U. R Squared Ltd purchased a new stake in Unity Software during the fourth quarter worth approximately $30,000. Principal Securities Inc. lifted 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 worth $32,000 after buying an additional 477 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 buying an additional 411 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Unity Software in the 4th quarter valued at $40,000. Finally, Brooklyn Investment Group acquired a new stake in Unity Software during the 3rd quarter worth $43,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Price Performance

Shares of NYSE:U opened at $21.48 on Tuesday. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The company has a 50-day moving average price of $22.66 and a 200 day moving average price of $21.99. The company has a market cap of $8.80 billion, a P/E ratio of -12.78 and a beta of 2.27. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) 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 business had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Research analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the sale, the director now owns 3,648,146 shares of the company’s stock, valued at $91,276,612.92. The trade was a 6.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mark Barrysmith sold 1,362 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total value of $29,841.42. Following the completion of the sale, the chief accounting officer now owns 452,276 shares in the company, valued at approximately $9,909,367.16. This represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 863,309 shares of company stock worth $20,809,710. Corporate insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

U has been the subject of several research analyst reports. Macquarie began coverage on shares of Unity Software in a research note on Monday, March 10th. They issued a “neutral” rating and a $24.00 price objective for the company. HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Friday, February 21st. Jefferies Financial Group lifted their price target on Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Morgan Stanley increased their price objective on Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, Citigroup raised shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, March 11th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.61.

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.