180 Wealth Advisors LLC Cuts Stock Position in Unity Software Inc. $U

180 Wealth Advisors LLC lessened its stake in shares of Unity Software Inc. (NYSE:U) by 3.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,952 shares of the company’s stock after selling 375 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Unity Software were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in shares of Unity Software by 4.4% during the second quarter. Farther Finance Advisors LLC now owns 10,766 shares of the company’s stock worth $261,000 after purchasing an additional 454 shares during the last quarter. Amalgamated Bank raised its stake in shares of Unity Software by 3.0% during the first quarter. Amalgamated Bank now owns 18,132 shares of the company’s stock worth $355,000 after purchasing an additional 525 shares during the last quarter. Signaturefd LLC raised its stake in shares of Unity Software by 26.3% during the first quarter. Signaturefd LLC now owns 3,658 shares of the company’s stock worth $72,000 after purchasing an additional 762 shares during the last quarter. Jessup Wealth Management Inc raised its stake in shares of Unity Software by 4.3% during the first quarter. Jessup Wealth Management Inc now owns 23,667 shares of the company’s stock worth $464,000 after purchasing an additional 985 shares during the last quarter. Finally, CX Institutional purchased a new stake in shares of Unity Software during the second quarter worth approximately $25,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wedbush upped their price target on Unity Software from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Arete Research upgraded Unity Software to a “hold” rating in a research report on Thursday, October 16th. Wall Street Zen upgraded Unity Software from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. The Goldman Sachs Group started coverage on Unity Software in a research report on Wednesday, October 15th. They issued a “neutral” rating and a $38.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Unity Software in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.10.

Insiders Place Their Bets

In related news, COO Alexander Blum sold 63,813 shares of Unity Software stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $39.41, for a total transaction of $2,514,870.33. Following the completion of the sale, the chief operating officer owned 603,811 shares in the company, valued at approximately $23,796,191.51. This trade represents a 9.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jarrod Yahes sold 29,876 shares of Unity Software stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $39.32, for a total value of $1,174,724.32. Following the sale, the chief financial officer owned 638,504 shares of the company’s stock, valued at approximately $25,105,977.28. This represents a 4.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,236,951 shares of company stock valued at $95,081,659. Company insiders own 3.61% of the company’s stock.

Unity Software Trading Up 2.8%

Shares of U stock opened at $37.29 on Friday. Unity Software Inc. has a fifty-two week low of $15.33 and a fifty-two week high of $46.94. The stock has a market cap of $15.76 billion, a P/E ratio of -35.18 and a beta of 2.32. The business has a fifty day simple moving average of $40.08 and a 200-day simple moving average of $30.82. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). Unity Software had a negative net margin of 24.38% and a negative return on equity of 13.59%. The firm had revenue of $440.94 million during the quarter, compared to analysts’ expectations of $425.18 million. During the same quarter in the prior year, the business earned ($0.32) EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

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.