Commonwealth Equity Services LLC Has $2.18 Million Stake in Unity Software Inc. (NYSE:U)

Commonwealth Equity Services LLC decreased its holdings in shares of Unity Software Inc. (NYSE:U) by 7.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,546 shares of the company’s stock after selling 6,230 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Unity Software were worth $2,177,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. BluePath Capital Management LLC increased its stake in shares of Unity Software by 6.7% in the fourth quarter. BluePath Capital Management LLC now owns 5,453 shares of the company’s stock valued at $223,000 after buying an additional 342 shares during the period. Kovack Advisors Inc. increased its stake in shares of Unity Software by 1.5% in the fourth quarter. Kovack Advisors Inc. now owns 26,411 shares of the company’s stock valued at $1,080,000 after buying an additional 380 shares during the period. Natixis Advisors L.P. increased its stake in shares of Unity Software by 3.2% in the third quarter. Natixis Advisors L.P. now owns 13,226 shares of the company’s stock valued at $415,000 after buying an additional 407 shares during the period. Royal London Asset Management Ltd. increased its stake in shares of Unity Software by 0.4% in the fourth quarter. Royal London Asset Management Ltd. now owns 116,167 shares of the company’s stock valued at $4,750,000 after buying an additional 440 shares during the period. Finally, Bouvel Investment Partners LLC increased its stake in shares of Unity Software by 2.1% in the fourth quarter. Bouvel Investment Partners LLC now owns 22,186 shares of the company’s stock valued at $907,000 after buying an additional 446 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Friday, May 10th. The Goldman Sachs Group reduced their target price on Unity Software from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Wedbush reiterated an “outperform” rating and issued a $33.50 target price on shares of Unity Software in a report on Friday, May 10th. Macquarie reduced their target price on Unity Software from $20.00 to $14.00 and set an “underperform” rating on the stock in a report on Thursday, June 27th. Finally, Barclays cut their price target on Unity Software from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.47.

Unity Software Stock Performance

Shares of Unity Software stock traded up $0.06 during trading hours on Friday, hitting $15.79. 2,126,806 shares of the company’s stock traded hands, compared to its average volume of 9,475,325. Unity Software Inc. has a 12-month low of $15.23 and a 12-month high of $50.08. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of -7.02 and a beta of 2.25. The company has a fifty day simple moving average of $19.51 and a 200-day simple moving average of $27.12. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.15 and a quick ratio of 2.15.

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

Insiders Place Their Bets

In other Unity Software news, insider Marc Whitten sold 31,466 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $19.10, for a total value of $601,000.60. Following the completion of the transaction, the insider now owns 958,241 shares in the company, valued at approximately $18,302,403.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CMO Carol W. Carpenter sold 18,775 shares of Unity Software stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $19.10, for a total transaction of $358,602.50. Following the completion of the sale, the chief marketing officer now owns 423,842 shares in the company, valued at approximately $8,095,382.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Marc Whitten sold 31,466 shares of Unity Software stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $19.10, for a total value of $601,000.60. Following the sale, the insider now owns 958,241 shares of the company’s stock, valued at approximately $18,302,403.10. The disclosure for this sale can be found here. Insiders sold a total of 245,736 shares of company stock worth $4,832,120 in the last quarter. 6.30% of the stock is owned by company insiders.

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.