Raymond James & Associates Sells 46,836 Shares of Unity Software Inc. (NYSE:U)

Raymond James & Associates decreased its holdings in Unity Software Inc. (NYSE:U) by 39.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 71,590 shares of the company’s stock after selling 46,836 shares during the period. Raymond James & Associates’ holdings in Unity Software were worth $2,927,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Front Row Advisors LLC lifted its holdings in Unity Software by 15,550.0% in the second quarter. Front Row Advisors LLC now owns 626 shares of the company’s stock valued at $27,000 after buying an additional 622 shares during the period. Huntington National Bank lifted its holdings in Unity Software by 665.0% in the third quarter. Huntington National Bank now owns 895 shares of the company’s stock valued at $28,000 after buying an additional 778 shares during the period. Pacifica Partners Inc. acquired a new position in shares of Unity Software during the fourth quarter valued at about $33,000. Impact Partnership Wealth LLC raised its holdings in shares of Unity Software by 1,151.0% during the third quarter. Impact Partnership Wealth LLC now owns 1,251 shares of the company’s stock valued at $39,000 after purchasing an additional 1,151 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of Unity Software by 373.7% during the second quarter. IFP Advisors Inc now owns 919 shares of the company’s stock valued at $40,000 after purchasing an additional 725 shares during the period. Institutional investors own 73.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Needham & Company LLC dropped their price objective on shares of Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. The Goldman Sachs Group upped their price objective on shares of Unity Software from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. HSBC initiated coverage on shares of Unity Software in a report on Monday, December 18th. They issued a “hold” rating and a $37.00 target price on the stock. Barclays lowered their target price on shares of Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 27th. Finally, Citigroup lowered their target price on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $37.03.

Unity Software Stock Down 2.8 %

Unity Software stock opened at $25.31 on Monday. Unity Software Inc. has a twelve month low of $22.20 and a twelve month high of $50.08. The firm has a 50 day moving average price of $28.79 and a 200-day moving average price of $30.87. The company has a market capitalization of $9.77 billion, a P/E ratio of -11.72 and a beta of 2.42. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.85.

Unity Software (NYSE:U) last released its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The company had revenue of $609.27 million for the quarter, compared to the consensus estimate of $551.01 million. During the same period in the prior year, the company earned ($0.50) earnings per share. The firm’s revenue was up 35.1% on a year-over-year basis. As a group, equities analysts predict that Unity Software Inc. will post -0.63 EPS for the current year.

Insider Activity

In related news, SVP Anirma Gupta sold 756 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $33.07, for a total transaction of $25,000.92. Following the sale, the senior vice president now directly owns 396,985 shares in the company, valued at approximately $13,128,293.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Anirma Gupta sold 756 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $33.07, for a total transaction of $25,000.92. Following the sale, the senior vice president now directly owns 396,985 shares in the company, valued at approximately $13,128,293.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total transaction of $6,647,500.00. Following the sale, the director now owns 4,498,146 shares in the company, valued at $119,605,702.14. The disclosure for this sale can be found here. Insiders sold 341,723 shares of company stock valued at $9,577,516 in the last three months. Company insiders own 9.00% of the company’s stock.

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.