Signaturefd LLC Buys 2,101 Shares of Unity Software Inc. (NYSE:U)

Signaturefd LLC grew its holdings in Unity Software Inc. (NYSE:U) by 106.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,081 shares of the company’s stock after acquiring an additional 2,101 shares during the quarter. Signaturefd LLC’s holdings in Unity Software were worth $92,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of U. Advisors Asset Management Inc. raised its stake in Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock worth $62,000 after acquiring an additional 562 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in Unity Software by 245.6% during the first quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after acquiring an additional 700 shares in the last quarter. GAMMA Investing LLC raised its stake in Unity Software by 343.8% during the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 949 shares in the last quarter. Intech Investment Management LLC raised its stake in Unity Software by 8.2% during the second quarter. Intech Investment Management LLC now owns 13,270 shares of the company’s stock worth $216,000 after acquiring an additional 1,010 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Unity Software by 19.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,649 shares of the company’s stock worth $272,000 after acquiring an additional 1,064 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on U shares. Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research note on Tuesday, September 3rd. Stifel Nicolaus upped their price objective on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Macquarie upped their price objective on Unity Software from $12.00 to $15.00 and gave the company an “underperform” rating in a research note on Tuesday, September 17th. Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Finally, The Goldman Sachs Group lowered their price objective on Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.35.

Unity Software Stock Performance

Shares of U stock opened at $20.52 on Tuesday. The stock has a market capitalization of $8.14 billion, a P/E ratio of -10.01 and a beta of 2.28. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70. The firm’s 50 day moving average is $19.71 and its 200 day moving average is $19.09. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $43.54.

Unity Software (NYSE:U) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.12. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The company had revenue of $449.30 million for the quarter, compared to analysts’ expectations of $438.37 million. During the same period in the prior year, the company posted ($0.26) EPS. Unity Software’s revenue was down 15.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Unity Software Inc. will post -1.86 earnings per share for the current year.

Insider Activity at Unity Software

In other Unity Software news, Director David Helgason sold 250,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the sale, the director now owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the transaction, the senior vice president now directly owns 423,679 shares of the company’s stock, valued at $7,579,617.31. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David Helgason sold 250,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the sale, the director now owns 8,201,851 shares of the company’s stock, valued at approximately $168,876,112.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 281,600 shares of company stock valued at $5,714,000. 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.