FNY Investment Advisers LLC Decreases Stake in Unity Software Inc. $U

FNY Investment Advisers LLC cut its stake in shares of Unity Software Inc. (NYSE:U) by 95.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,377 shares of the company’s stock after selling 26,663 shares during the quarter. FNY Investment Advisers LLC’s holdings in Unity Software were worth $60,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beaumont Financial Advisors LLC purchased a new position in shares of Unity Software in the 4th quarter valued at about $274,000. Blue Trust Inc. grew its stake in Unity Software by 3,360.6% during the 4th quarter. Blue Trust Inc. now owns 1,142 shares of the company’s stock worth $50,000 after buying an additional 1,109 shares during the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of Unity Software in the fourth quarter valued at approximately $2,908,000. Exchange Traded Concepts LLC increased its holdings in shares of Unity Software by 3.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 380,318 shares of the company’s stock valued at $16,799,000 after acquiring an additional 11,181 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Unity Software by 37.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,462 shares of the company’s stock worth $522,000 after buying an additional 3,122 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Stock Performance

Shares of U stock opened at $22.75 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.52. The company has a market cap of $9.93 billion, a PE ratio of -23.70, a P/E/G ratio of 10.03 and a beta of 2.00. The company’s fifty day simple moving average is $22.36 and its 200-day simple moving average is $34.96. Unity Software Inc. has a 52 week low of $15.33 and a 52 week high of $52.15.

Unity Software (NYSE:U) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $503.09 million during the quarter, compared to analysts’ expectations of $490.64 million. Unity Software had a negative net margin of 21.77% and a negative return on equity of 4.76%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.30) EPS. As a group, equities research analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on U shares. Bank of America increased their price target on Unity Software from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, March 27th. Citigroup cut their price objective on shares of Unity Software from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Morgan Stanley raised their target price on shares of Unity Software from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, March 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $35.00 target price on shares of Unity Software in a report on Friday, March 27th. Finally, Benchmark reiterated a “hold” rating on shares of Unity Software in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Unity Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.41.

Insider Activity

In other Unity Software news, COO Alexander Blum sold 2,541 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $18.76, for a total transaction of $47,669.16. Following the completion of the sale, the chief operating officer owned 548,425 shares in the company, valued at $10,288,453. This trade represents a 0.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark Barrysmith sold 10,578 shares of Unity Software stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total value of $191,144.46. Following the sale, the chief accounting officer owned 383,901 shares in the company, valued at $6,937,091.07. This represents a 2.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,684 shares of company stock worth $773,350 over the last ninety days. Corporate insiders own 3.61% of the company’s stock.

Unity Software Profile

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.