Sanctuary Advisors LLC Purchases New Position in Unity Software Inc. (NYSE:U)

Sanctuary Advisors LLC purchased a new position in Unity Software Inc. (NYSE:U) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,846 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC lifted its position in Unity Software by 1,787.9% during the third quarter. International Assets Investment Management LLC now owns 14,839 shares of the company’s stock valued at $336,000 after buying an additional 14,053 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Unity Software by 996.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 16,450 shares of the company’s stock worth $372,000 after acquiring an additional 14,950 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new position in Unity Software during the 3rd quarter valued at about $242,000. US Bancorp DE boosted its stake in Unity Software by 159.7% during the third quarter. US Bancorp DE now owns 13,257 shares of the company’s stock worth $300,000 after acquiring an additional 8,152 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Unity Software by 4.0% in the third quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock worth $315,000 after purchasing an additional 538 shares during the period. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on U shares. Needham & Company LLC boosted their target price on Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Wedbush reiterated an “outperform” rating and issued a $27.00 price target on shares of Unity Software in a research note on Thursday, February 13th. JMP Securities restated a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Jefferies Financial Group lifted their target price on shares of Unity Software from $23.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, February 21st. Finally, Morgan Stanley increased their price target on shares of Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating 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 assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.04.

Unity Software Stock Performance

Shares of U opened at $25.42 on Thursday. The business has a 50-day simple moving average of $22.94 and a two-hundred day simple moving average of $21.70. 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 Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of -15.13 and a beta of 2.27.

Unity Software (NYSE:U) last released its 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 net margin of 36.63% and a negative return on equity of 13.40%. The company had revenue of $457.10 million for the quarter, compared to analysts’ expectations of $433.47 million. On average, analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Insider Transactions at Unity Software

In other Unity Software news, SVP Felix The sold 20,000 shares of the firm’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 transaction of $548,600.00. Following the completion of the transaction, the senior vice president now owns 391,960 shares in the company, valued at $10,751,462.80. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David Helgason sold 7,860 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $26.45, for a total value of $207,897.00. Following the sale, the director now directly owns 10,493 shares in the company, valued at $277,539.85. This trade represents a 42.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 892,397 shares of company stock valued at $21,596,219. 6.30% of the stock is currently owned by corporate insiders.

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.