Hel Ved Capital Management Ltd Invests $4.18 Million in Unity Software Inc. (NYSE:U)

Hel Ved Capital Management Ltd bought a new position in Unity Software Inc. (NYSE:U) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 102,295 shares of the company’s stock, valued at approximately $4,183,000. Unity Software comprises 1.2% of Hel Ved Capital Management Ltd’s portfolio, making the stock its 22nd biggest position.

Several other institutional investors have also recently made changes to their positions in the company. Kettle Hill Capital Management LLC purchased a new position in Unity Software in the 4th quarter worth about $11,934,000. Asahi Life Asset Management CO. LTD. purchased a new position in Unity Software in the 4th quarter worth about $323,000. Capital Research Global Investors increased its stake in Unity Software by 510.2% in the 4th quarter. Capital Research Global Investors now owns 7,181,661 shares of the company’s stock worth $293,658,000 after buying an additional 6,004,655 shares during the period. Capital International Investors purchased a new position in Unity Software during the 4th quarter valued at about $61,187,000. Finally, Royal London Asset Management Ltd. increased its position in Unity Software by 0.4% during the 4th quarter. Royal London Asset Management Ltd. now owns 116,167 shares of the company’s stock valued at $4,750,000 after purchasing an additional 440 shares during the period. Institutional investors own 73.46% of the company’s stock.

Unity Software Stock Performance

NYSE U traded down $0.76 during mid-day trading on Friday, reaching $17.27. 9,142,809 shares of the stock were exchanged, compared to its average volume of 10,454,189. The business’s 50 day moving average is $22.69 and its 200-day moving average is $29.14. Unity Software Inc. has a 1 year low of $17.19 and a 1 year high of $50.08. The company has a market capitalization of $6.75 billion, a P/E ratio of -7.71 and a beta of 2.28. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.15 and a current ratio of 2.15.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.13. The company had revenue of $460.38 million during the quarter, compared to analysts’ expectations of $422.53 million. Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. On average, equities research analysts forecast that Unity Software Inc. will post -1.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on U. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research report on Friday, May 10th. Stifel Nicolaus raised their target price on shares of Unity Software from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Unity Software in a research report on Friday, May 10th. Piper Sandler raised shares of Unity Software from an “underweight” rating to a “neutral” rating and cut their price objective for the stock from $35.00 to $30.00 in a research report on Tuesday, February 27th. Finally, Benchmark reaffirmed a “sell” rating and issued a $16.00 price objective on shares of Unity Software in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Unity Software currently has a consensus rating of “Hold” and a consensus price target of $35.38.

Insider Activity

In related news, CMO Carol W. Carpenter sold 2,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $26.58, for a total transaction of $53,160.00. Following the completion of the sale, the chief marketing officer now directly owns 444,617 shares in the company, valued at $11,817,919.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Chairman James M. Whitehurst sold 49,854 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $19.10, for a total transaction of $952,211.40. Following the completion of the sale, the chairman now directly owns 313,266 shares in the company, valued at $5,983,380.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Carol W. Carpenter sold 2,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $26.58, for a total transaction of $53,160.00. Following the sale, the chief marketing officer now owns 444,617 shares of the company’s stock, valued at $11,817,919.86. The disclosure for this sale can be found here. Insiders sold 246,297 shares of company stock worth $4,872,320 over the last three months. Insiders own 6.30% of the company’s stock.

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.