Newbridge Financial Services Group Inc. Purchases 1,800 Shares of Unity Software Inc. (NYSE:U)

Newbridge Financial Services Group Inc. grew its holdings in shares of Unity Software Inc. (NYSE:U) by 81.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,000 shares of the company’s stock after purchasing an additional 1,800 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Unity Software were worth $90,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Choreo LLC lifted its position in Unity Software by 14.0% during the fourth quarter. Choreo LLC now owns 10,940 shares of the company’s stock valued at $246,000 after purchasing an additional 1,344 shares during the period. R Squared Ltd purchased a new stake in shares of Unity Software during the fourth quarter worth about $30,000. SteelPeak Wealth LLC purchased a new stake in Unity Software during the 4th quarter worth approximately $221,000. Encompass More Asset Management acquired a new position in Unity Software in the 4th quarter valued at $1,501,000. Finally, Ariose Capital Management Ltd purchased a new stake in shares of Unity Software during the fourth quarter worth $2,299,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Unity Software news, Director Tomer Bar-Zeev sold 166,667 shares of the 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 sale, the director now owns 3,481,479 shares of the company’s stock, valued at $73,076,244.21. This trade represents a 4.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Helgason sold 7,860 shares of Unity Software stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $26.45, for a total value of $207,897.00. Following the completion of the transaction, the director now owns 10,493 shares of the company’s stock, valued at $277,539.85. The trade was a 42.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 931,154 shares of company stock worth $21,019,520 over the last three months. Company insiders own 6.30% of the company’s stock.

Unity Software Price Performance

U opened at $20.40 on Tuesday. The stock’s 50-day moving average price is $23.30 and its 200 day moving average price is $20.70. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $35.56. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of -10.00 and a beta of 2.32. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Analyst Ratings Changes

U has been the topic of several research reports. Morgan Stanley boosted their price target on shares of Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Oppenheimer restated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. UBS Group increased their price target on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Macquarie boosted their price objective on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Friday, November 8th. Finally, Benchmark raised their target price on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.81.

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.