Proficio Capital Partners LLC Invests $440,000 in Unity Software Inc. (NYSE:U)

Proficio Capital Partners LLC bought a new stake in Unity Software Inc. (NYSE:U) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,594 shares of the company’s stock, valued at approximately $440,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in 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 valued at $42,662,000 after buying an additional 944,709 shares during the last quarter. Erste Asset Management GmbH acquired a new position in shares of Unity Software in the 3rd quarter valued at $12,317,000. Monolith Management Ltd acquired a new stake in Unity Software during the 3rd quarter worth $10,993,000. Weiss Asset Management LP purchased a new position in Unity Software during the 3rd quarter worth $10,335,000. Finally, Geode Capital Management LLC increased its stake in Unity Software by 9.7% in the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after purchasing an additional 413,474 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Stock Performance

NYSE U opened at $22.71 on Tuesday. The business has a 50 day moving average price of $22.59 and a 200 day moving average price of $22.17. The company has a market capitalization of $9.30 billion, a P/E ratio of -13.52 and a beta of 2.27. 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.

Unity Software (NYSE:U) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates 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. Sell-side analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on U. HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Friday, February 21st. Needham & Company LLC upped their price objective on shares of Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. UBS Group boosted their price target on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group raised their price objective on shares of Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Unity Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.61.

Insiders Place Their Bets

In related news, CAO Mark Barrysmith sold 1,445 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $20.61, for a total transaction of $29,781.45. Following the sale, the chief accounting officer now owns 483,417 shares of the company’s stock, valued at $9,963,224.37. This trade represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tomer Bar-Zeev sold 236,337 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the completion of the transaction, the director now directly owns 3,161,809 shares of the company’s stock, valued at $75,630,471.28. The trade was a 6.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 865,236 shares of company stock worth $20,849,425. Insiders own 6.30% of the company’s stock.

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.