Vestmark Advisory Solutions Inc. Makes New $9.17 Million Investment in Unity Software Inc. (NYSE:U)

Vestmark Advisory Solutions Inc. acquired a new stake in shares of Unity Software Inc. (NYSE:U) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 224,158 shares of the company’s stock, valued at approximately $9,166,000.

A number of other institutional investors have also recently added to or reduced their stakes in U. Harvest Fund Management Co. Ltd acquired a new position in shares of Unity Software during the fourth quarter worth approximately $27,000. Huntington National Bank grew its stake in shares of Unity Software by 665.0% in the third quarter. Huntington National Bank now owns 895 shares of the company’s stock worth $28,000 after purchasing an additional 778 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Unity Software during the fourth quarter valued at $28,000. Pacifica Partners Inc. bought a new stake in shares of Unity Software during the fourth quarter valued at about $33,000. Finally, Psagot Value Holdings Ltd. Israel bought a new stake in shares of Unity Software during the third quarter valued at about $48,000. 73.46% of the stock is currently owned by institutional investors.

Unity Software Stock Up 2.4 %

Shares of U traded up $0.58 during trading hours on Friday, reaching $24.74. The company’s stock had a trading volume of 5,753,162 shares, compared to its average volume of 5,937,102. The firm has a market cap of $9.55 billion, a price-to-earnings ratio of -11.45 and a beta of 2.40. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.85. The company has a 50 day moving average of $26.08 and a two-hundred day moving average of $30.25. Unity Software Inc. has a 1-year low of $22.20 and a 1-year high of $50.08.

Unity Software (NYSE:U) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.89). Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The firm had revenue of $609.27 million for the quarter, compared to analysts’ expectations of $551.01 million. During the same quarter in the prior year, the business posted ($0.50) earnings per share. Unity Software’s revenue was up 35.1% on a year-over-year basis. As a group, research analysts predict that Unity Software Inc. will post -0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on U. The Goldman Sachs Group upped their price target on shares of Unity Software from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Citigroup cut their target price on Unity Software from $50.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Macquarie downgraded Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price objective on the stock. in a research note on Monday, February 12th. William Blair restated an “outperform” rating on shares of Unity Software in a report on Tuesday, January 9th. Finally, Piper Sandler raised shares of Unity Software from an “underweight” rating to a “neutral” rating and lowered their price objective for the stock from $35.00 to $30.00 in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.03.

Insider Activity

In other news, SVP Anirma Gupta sold 1,037 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $24.42, for a total transaction of $25,323.54. Following the transaction, the senior vice president now owns 386,706 shares in the company, valued at approximately $9,443,360.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Unity Software news, SVP Anirma Gupta sold 1,037 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $24.42, for a total value of $25,323.54. Following the completion of the sale, the senior vice president now owns 386,706 shares of the company’s stock, valued at $9,443,360.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Carol W. Carpenter sold 6,417 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $32.57, for a total value of $209,001.69. Following the transaction, the chief marketing officer now directly owns 448,617 shares in the company, valued at approximately $14,611,455.69. The disclosure for this sale can be found here. Insiders sold a total of 338,917 shares of company stock worth $9,460,820 in the last three months. 6.30% of the stock is owned by insiders.

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.