Sherbrooke Park Advisers LLC Takes Position in Unity Software Inc. (NYSE:U)

Sherbrooke Park Advisers LLC bought a new stake in Unity Software Inc. (NYSE:U) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,381 shares of the company’s stock, valued at approximately $413,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in U. Anderson Financial Strategies LLC bought a new position in Unity Software during the fourth quarter worth about $28,000. R Squared Ltd bought a new position in Unity Software during the fourth quarter worth about $30,000. Principal Securities Inc. boosted its holdings in 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 buying an additional 477 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Unity Software during the fourth quarter worth about $36,000. Finally, Itau Unibanco Holding S.A. boosted its holdings in Unity Software by 150.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company’s stock worth $40,000 after buying an additional 1,068 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on U. Needham & Company LLC dropped their price target on Unity Software from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Citizens Jmp raised Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Wedbush lowered Unity Software from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, May 7th. UBS Group dropped their price target on Unity Software from $30.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, Barclays dropped their price target on Unity Software from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $24.21.

Insiders Place Their Bets

In other news, CAO Mark Barrysmith sold 1,414 shares of Unity Software stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $21.42, for a total transaction of $30,287.88. Following the completion of the transaction, the chief accounting officer now directly owns 480,408 shares in the company, valued at approximately $10,290,339.36. The trade was a 0.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Alexander Blum sold 1,479 shares of Unity Software stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total value of $37,359.54. Following the transaction, the chief operating officer now owns 495,648 shares of the company’s stock, valued at $12,520,068.48. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 783,645 shares of company stock valued at $18,063,816 in the last 90 days. 6.30% of the stock is currently owned by insiders.

Unity Software Stock Up 7.3%

NYSE:U opened at $22.77 on Friday. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of -13.55 and a beta of 2.29. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $30.88. The stock’s 50 day moving average price is $20.52 and its two-hundred day moving average price is $22.05. 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 posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.19. The firm had revenue of $435.00 million for the quarter, compared to analyst estimates of $415.77 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 EPS. Equities research analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

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.