Unity Software Inc. (NYSE:U) Stock Position Lessened by EMC Capital Management

EMC Capital Management reduced its stake in shares of Unity Software Inc. (NYSE:U) by 56.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,500 shares of the company’s stock after selling 3,203 shares during the quarter. EMC Capital Management’s holdings in Unity Software were worth $56,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in Unity Software by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after purchasing an additional 413,474 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Unity Software by 100.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after acquiring an additional 944,709 shares in the last quarter. Primecap Management Co. CA raised its holdings in shares of Unity Software by 7.1% during the third quarter. Primecap Management Co. CA now owns 811,994 shares of the company’s stock valued at $18,367,000 after acquiring an additional 53,541 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of Unity Software in the 3rd quarter valued at approximately $12,317,000. Finally, Monolith Management Ltd acquired a new position in Unity Software in the 3rd quarter worth approximately $10,993,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on U. Macquarie boosted their price objective on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Friday, November 8th. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Barclays increased their price target on shares of Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Morgan Stanley lifted their price objective on Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Wells Fargo & Company started coverage on shares of Unity Software in a research note on Monday, October 28th. They issued an “equal weight” rating and a $20.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Unity Software currently has a consensus rating of “Hold” and a consensus price target of $22.81.

Insider Activity

In related news, Director David Helgason sold 7,860 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $26.45, for a total value of $207,897.00. Following the completion of the transaction, the director now directly owns 10,493 shares of the company’s stock, valued at approximately $277,539.85. This trade represents a 42.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Felix The sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $27.43, for a total value of $548,600.00. Following the sale, the senior vice president now directly owns 391,960 shares in the company, 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. Over the last ninety days, insiders sold 764,487 shares of company stock worth $17,521,180. Insiders own 6.30% of the company’s stock.

Unity Software Trading Down 3.6 %

Shares of NYSE:U opened at $22.18 on Friday. The company’s fifty day moving average price is $23.57 and its 200-day moving average price is $20.46. Unity Software Inc. has a one year low of $13.90 and a one year high of $35.56. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

Unity Software (NYSE:U) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.08. Unity Software had a negative net margin of 40.47% and a negative return on equity of 11.30%. The business had revenue of $446.52 million for the quarter, compared to analyst estimates of $428.01 million. During the same quarter last year, the firm earned ($0.12) EPS. As a group, analysts anticipate that Unity Software Inc. will post -1.72 EPS for the current year.

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.