Merit Financial Group LLC Takes Position in Unity Software Inc. (NYSE:U)

Merit Financial Group LLC acquired a new stake in Unity Software Inc. (NYSE:U) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,504 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors have also bought and sold shares of U. Principal Securities Inc. lifted its position in shares of Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after acquiring an additional 477 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Unity Software by 3.5% in the fourth quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company’s stock valued at $324,000 after acquiring an additional 488 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in Unity Software by 0.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 141,632 shares of the company’s stock valued at $3,182,000 after acquiring an additional 973 shares during the last quarter. California State Teachers Retirement System increased its stake in Unity Software by 0.4% in the fourth quarter. California State Teachers Retirement System now owns 261,740 shares of the company’s stock valued at $5,881,000 after acquiring an additional 1,031 shares during the last quarter. Finally, Itau Unibanco Holding S.A. grew its stake in shares of Unity Software by 150.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company’s stock valued at $40,000 after buying an additional 1,068 shares during the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Insider Buying and Selling at Unity Software

In other Unity Software news, CAO Mark Barrysmith sold 1,445 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $20.61, for a total transaction of $29,781.45. Following the completion of the sale, the chief accounting officer now directly owns 483,417 shares in the company, valued at approximately $9,963,224.37. The trade was a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Anirma Gupta sold 46,957 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $21.24, for a total transaction of $997,366.68. Following the sale, the senior vice president now owns 644,952 shares of the company’s stock, valued at approximately $13,698,780.48. This represents a 6.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,296,538 shares of company stock worth $30,546,097. Insiders own 3.61% of the company’s stock.

Unity Software Price Performance

Shares of NYSE U opened at $24.98 on Friday. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $30.88. The firm has a market cap of $10.38 billion, a P/E ratio of -14.87 and a beta of 2.34. The company has a 50 day moving average of $21.71 and a 200 day moving average of $22.45. 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 announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.19. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The company had revenue of $435.00 million during the quarter, compared to analyst estimates of $415.77 million. During the same period in the previous year, the business earned $0.28 EPS. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, research analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Citizens Jmp raised Unity Software from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Wall Street Zen upgraded shares of Unity Software from a “hold” rating to a “buy” rating in a report on Monday. UBS Group lowered their price objective on shares of Unity Software from $30.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Citigroup upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, March 11th. Finally, Morgan Stanley lowered their target price on shares of Unity Software from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.14.

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.