Farther Finance Advisors LLC Sells 4,123 Shares of Unity Software Inc. (NYSE:U)

Farther Finance Advisors LLC reduced its stake in Unity Software Inc. (NYSE:U) by 28.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,312 shares of the company’s stock after selling 4,123 shares during the quarter. Farther Finance Advisors LLC’s holdings in Unity Software were worth $208,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in U. RFG Advisory LLC acquired a new stake in shares of Unity Software in the 1st quarter valued at about $305,000. Merit Financial Group LLC bought a new position in shares of Unity Software during the first quarter worth about $225,000. Rhumbline Advisers raised its position in Unity Software by 0.7% in the 1st quarter. Rhumbline Advisers now owns 316,933 shares of the company’s stock valued at $6,209,000 after buying an additional 2,081 shares during the last quarter. Parallel Advisors LLC raised its position in Unity Software by 2.6% in the 1st quarter. Parallel Advisors LLC now owns 50,470 shares of the company’s stock valued at $989,000 after buying an additional 1,288 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Unity Software by 3,279.2% in the 1st quarter. GAMMA Investing LLC now owns 55,283 shares of the company’s stock valued at $1,083,000 after acquiring an additional 53,647 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

Insider Transactions at Unity Software

In other news, Director Tomer Bar-Zeev sold 166,667 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $21.59, for a total transaction of $3,598,340.53. Following the transaction, the director now directly owns 2,814,812 shares of the company’s stock, valued at approximately $60,771,791.08. This trade represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Mark Barrysmith sold 1,414 shares of Unity Software stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $21.42, for a total transaction of $30,287.88. Following the completion of the sale, the chief accounting officer now owns 480,408 shares of the company’s stock, valued at approximately $10,290,339.36. The trade was a 0.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,294,611 shares of company stock worth $30,506,382 over the last quarter. Company insiders own 3.61% of the company’s stock.

Unity Software Stock Performance

Shares of NYSE U opened at $23.89 on Friday. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $9.93 billion, a P/E ratio of -21.33 and a beta of 2.34. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88. The stock has a 50 day moving average of $22.25 and a 200-day moving average of $22.46.

Unity Software (NYSE:U) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.19. The firm had revenue of $435.00 million for the quarter, compared to the consensus estimate of $415.77 million. Unity Software had a negative net margin of 25.21% and a negative return on equity of 14.12%. The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 earnings per share. As a group, equities research analysts predict that Unity Software Inc. will post -1.25 EPS for the current year.

Analyst Upgrades and Downgrades

U has been the topic of a number of recent research reports. UBS Group lowered their price objective on shares of Unity Software from $30.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Stifel Nicolaus decreased their target price on shares of Unity Software from $35.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Citigroup raised shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, March 11th. Wells Fargo & Company reduced their price objective on shares of Unity Software from $22.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Finally, Wall Street Zen raised Unity Software from a “hold” rating to a “buy” rating in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.14.

Unity Software 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.