U.S. Capital Wealth Advisors LLC Has $1.22 Million Stake in Unity Software Inc. (NYSE:U)

U.S. Capital Wealth Advisors LLC decreased its stake in Unity Software Inc. (NYSE:U) by 11.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 54,421 shares of the company’s stock after selling 6,771 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Unity Software were worth $1,223,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of U. Sei Investments Co. boosted its stake in Unity Software by 29.1% in the 2nd quarter. Sei Investments Co. now owns 27,789 shares of the company’s stock valued at $452,000 after buying an additional 6,264 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in Unity Software in the 2nd quarter valued at $515,000. The Manufacturers Life Insurance Company boosted its stake in Unity Software by 47.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 82,105 shares of the company’s stock valued at $1,335,000 after buying an additional 26,241 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in Unity Software in the 2nd quarter valued at $172,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Unity Software by 163.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insider Buying and Selling

In other Unity Software news, Director Tomer Bar-Zeev sold 166,667 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $20.99, for a total value of $3,498,340.33. Following the completion of the transaction, the director now directly owns 3,481,479 shares of the company’s stock, valued at approximately $73,076,244.21. The trade was a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Barrysmith sold 1,228 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $24.44, for a total value of $30,012.32. Following the completion of the transaction, the chief financial officer now directly owns 453,638 shares of the company’s stock, valued at approximately $11,086,912.72. The trade was a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 931,154 shares of company stock valued at $21,019,520 over the last three months. Company insiders own 6.30% of the company’s stock.

Unity Software Stock Up 0.3 %

Shares of Unity Software stock opened at $21.46 on Wednesday. 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 Inc. has a 12 month low of $13.90 and a 12 month high of $35.56. The business has a fifty day simple moving average of $23.49 and a 200 day simple moving average of $20.57. The stock has a market cap of $8.65 billion, a PE ratio of -10.52 and a beta of 2.32.

Unity Software (NYSE:U) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.08. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. The business had revenue of $446.52 million during the quarter, compared to analysts’ expectations of $428.01 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. Research analysts predict that Unity Software Inc. will post -1.72 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on U shares. Benchmark lifted their price objective on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research report on Friday, November 8th. Morgan Stanley lifted their price objective on Unity Software from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research report on Monday. Wells Fargo & Company started coverage on Unity Software in a research report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective for the company. Finally, Needham & Company LLC lifted their price objective on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Unity Software currently has a consensus rating of “Hold” and an average target price of $22.81.

About Unity Software

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.