Tradition Wealth Management LLC Buys Shares of 17,511 Unity Software Inc. (NYSE:U)

Tradition Wealth Management LLC acquired a new stake in Unity Software Inc. (NYSE:U) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 17,511 shares of the company’s stock, valued at approximately $393,000.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Unity Software during the 4th quarter worth about $30,000. Principal Securities Inc. lifted its position in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after acquiring an additional 411 shares during the period. Whipplewood Advisors LLC bought a new stake in Unity Software in the 4th quarter valued at $40,000. Finally, Jones Financial Companies Lllp lifted its holdings in Unity Software by 144.8% during the 4th quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company’s stock valued at $43,000 after purchasing an additional 1,125 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Price Performance

Shares of U opened at $19.20 on Monday. The business has a 50-day simple moving average of $21.53 and a two-hundred day simple moving average of $22.02. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $30.88. The stock has a market cap of $7.86 billion, a PE ratio of -11.43 and a beta of 2.31. 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 (NYSE:U) last posted its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. The firm had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Macquarie started coverage on shares of Unity Software in a report on Monday, March 10th. They set a “neutral” rating and a $24.00 target price for the company. HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Friday, February 21st. Citizens Jmp raised Unity Software from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Needham & Company LLC raised their price target 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. Finally, Wedbush restated an “outperform” rating and set a $27.00 target price on shares of Unity Software in a research report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.96.

Insiders Place Their Bets

In other Unity Software news, CAO Mark Barrysmith sold 1,595 shares of the company’s stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $18.43, for a total transaction of $29,395.85. Following the sale, the chief accounting officer now owns 481,822 shares of the company’s stock, valued at approximately $8,879,979.46. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Tomer Bar-Zeev sold 166,667 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $20.04, for a total value of $3,340,006.68. Following the completion of the transaction, the director now directly owns 2,981,479 shares in the company, valued at $59,748,839.16. This represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 782,231 shares of company stock valued at $17,933,528. 6.30% of the stock is currently owned by company insiders.

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.