Kennedy Capital Management LLC Makes New Investment in Unity Software Inc. (NYSE:U)

Kennedy Capital Management LLC acquired a new stake in Unity Software Inc. (NYSE:U) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 75,618 shares of the company’s stock, valued at approximately $1,699,000.

A number of other institutional investors also recently bought and sold shares of U. R Squared Ltd purchased a new stake in shares of Unity Software in the fourth quarter worth approximately $30,000. Principal Securities Inc. increased its stake in 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 period. GAMMA Investing LLC lifted its position in shares of Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Unity Software during the fourth quarter valued at $40,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Unity Software by 144.8% in the fourth quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company’s stock worth $43,000 after purchasing an additional 1,125 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Stock Performance

Shares of U stock opened at $18.19 on Tuesday. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The business’s fifty day simple moving average is $21.65 and its 200-day simple moving average is $22.09. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The company has a market cap of $7.45 billion, a PE ratio of -10.83 and a beta of 2.31.

Unity Software (NYSE:U) last announced its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. Analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insider Activity

In other Unity Software news, SVP Anirma Gupta sold 31,948 shares of Unity Software stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $25.23, for a total transaction of $806,048.04. Following the completion of the sale, the senior vice president now owns 542,942 shares of the company’s stock, valued at approximately $13,698,426.66. The trade was a 5.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Alexander Blum sold 1,479 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $25.26, for a total value of $37,359.54. Following the completion of the transaction, the chief operating officer now directly owns 495,648 shares in the company, valued at $12,520,068.48. This represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 781,903 shares of company stock worth $17,934,432 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

U has been the subject of several research reports. Hsbc Global Res raised shares of Unity Software to a “strong-buy” rating in a research report on Friday, February 21st. Citizens Jmp raised Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Jefferies Financial Group cut their price target on Unity Software from $24.00 to $16.00 and set a “hold” rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company dropped their target price on shares of Unity Software from $22.00 to $19.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Finally, JMP Securities restated a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.46.

Unity Software Company 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.