Amalgamated Bank Has $355,000 Holdings in Unity Software Inc. (NYSE:U)

Amalgamated Bank grew its holdings in shares of Unity Software Inc. (NYSE:U) by 3.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,132 shares of the company’s stock after purchasing an additional 525 shares during the period. Amalgamated Bank’s holdings in Unity Software were worth $355,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. bought a new position in shares of Unity Software during the first quarter valued at $433,000. FNY Investment Advisers LLC raised its stake in shares of Unity Software by 707.2% during the first quarter. FNY Investment Advisers LLC now owns 16,144 shares of the company’s stock valued at $316,000 after acquiring an additional 14,144 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Unity Software by 116.2% during the first quarter. Janney Montgomery Scott LLC now owns 29,085 shares of the company’s stock valued at $570,000 after acquiring an additional 15,633 shares during the last quarter. Bouvel Investment Partners LLC raised its stake in shares of Unity Software by 1.7% during the first quarter. Bouvel Investment Partners LLC now owns 35,595 shares of the company’s stock valued at $697,000 after acquiring an additional 580 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Unity Software during the first quarter valued at $2,215,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $26.39, for a total transaction of $6,597,500.00. Following the completion of the sale, the director directly owned 2,398,146 shares of the company’s stock, valued at approximately $63,287,072.94. This represents a 9.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James M. Whitehurst sold 72,955 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $21.24, for a total transaction of $1,549,564.20. Following the sale, the director directly owned 240,311 shares of the company’s stock, valued at approximately $5,104,205.64. The trade was a 23.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,227,944 shares of company stock worth $29,919,875 over the last quarter. Corporate insiders own 3.61% of the company’s stock.

Unity Software Stock Down 0.7%

NYSE U opened at $28.95 on Friday. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.70. The company has a fifty day moving average of $23.94 and a two-hundred day moving average of $22.54. The firm has a market capitalization of $12.03 billion, a price-to-earnings ratio of -25.85 and a beta of 2.29. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on U. Jefferies Financial Group upgraded shares of Unity Software from a “hold” rating to a “buy” rating and boosted their target price for the company from $22.00 to $29.00 in a report on Friday, May 30th. Wedbush upgraded shares of Unity Software to a “strong-buy” rating in a report on Tuesday, July 1st. Wells Fargo & Company raised their price target on shares of Unity Software from $19.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, July 7th. Bank of America initiated coverage on shares of Unity Software in a report on Thursday, June 26th. They issued an “underperform” rating and a $15.00 price target for the company. Finally, Stifel Nicolaus reduced their price target on shares of Unity Software from $35.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.80.

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.