Sanctuary Advisors LLC Invests $204,000 in Unity Software Inc. (NYSE:U)

Sanctuary Advisors LLC purchased a new position in shares of Unity Software Inc. (NYSE:U) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,846 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Unity Software in the fourth quarter worth $30,000. Principal Securities Inc. grew its holdings in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after purchasing an additional 477 shares during the last quarter. Planning Capital Management Corp purchased a new position in Unity Software in the 3rd quarter worth about $34,000. GAMMA Investing LLC lifted its holdings in Unity Software by 33.6% during 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. Finally, Brooklyn Investment Group bought a new stake in Unity Software during the 3rd quarter valued at about $43,000. 73.46% of the stock is currently owned by institutional investors.

Unity Software Stock Performance

U stock opened at $25.42 on Thursday. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of -15.13 and a beta of 2.27. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a 50-day simple moving average of $22.94 and a two-hundred day simple moving average of $21.70.

Unity Software (NYSE:U) last posted its earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. The company had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. On average, equities analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on U. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. UBS Group raised their price objective on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Jefferies Financial Group upped their target price on Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, February 21st. 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 research report on Friday, February 21st. Finally, HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Unity Software has an average rating of “Hold” and an average price target of $25.04.

Insider Activity

In other Unity Software news, CFO Mark Barrysmith sold 1,228 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $24.44, for a total transaction of $30,012.32. Following the sale, the chief financial officer now owns 453,638 shares of the company’s stock, valued at approximately $11,086,912.72. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Felix The sold 20,000 shares of Unity Software stock in a transaction on Friday, December 6th. The stock was sold at an average price of $27.43, for a total transaction of $548,600.00. Following the sale, the senior vice president now owns 391,960 shares of the company’s stock, valued at $10,751,462.80. The trade was a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 892,397 shares of company stock worth $21,596,219. 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.