V2 Financial group LLC Takes $225,000 Position in Unity Software Inc. (NYSE:U)

V2 Financial group LLC purchased a new position in Unity Software Inc. (NYSE:U) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after acquiring an additional 1,389 shares during the period. GAMMA Investing LLC raised its position in Unity Software by 343.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 949 shares during the period. CWM LLC lifted its stake in Unity Software by 19.6% in the third quarter. CWM LLC now owns 11,243 shares of the company’s stock worth $254,000 after purchasing an additional 1,845 shares during the last quarter. Creative Planning boosted its position in shares of Unity Software by 13.7% during the third quarter. Creative Planning now owns 153,742 shares of the company’s stock valued at $3,478,000 after buying an additional 18,547 shares during the period. Finally, Washington Capital Management Inc. bought a new position in shares of Unity Software during the third quarter valued at approximately $178,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on U. Macquarie raised their price target on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Friday, November 8th. Needham & Company LLC lifted their target price on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Barclays lifted their price objective on shares of Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Finally, UBS Group upped their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.81.

Insiders Place Their Bets

In other Unity Software news, SVP Felix The sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $27.43, for a total value of $548,600.00. Following the completion of the sale, the senior vice president now owns 391,960 shares of the company’s stock, valued at approximately $10,751,462.80. This trade represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $17.52, for a total value of $4,380,000.00. Following the sale, the director now owns 4,248,146 shares in the company, valued at $74,427,517.92. The trade was a 5.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 931,154 shares of company stock worth $21,019,520. 6.30% of the stock is owned by corporate insiders.

Unity Software Stock Performance

Unity Software stock opened at $21.05 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The business has a fifty day moving average of $23.30 and a two-hundred day moving average of $20.67. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $35.56.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.08. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. The firm had revenue of $446.52 million during the quarter, compared to analysts’ expectations of $428.01 million. During the same period in the prior year, the business posted ($0.12) EPS. On average, research analysts predict that Unity Software Inc. will post -1.72 EPS for the current fiscal year.

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.