Axxcess Wealth Management LLC Purchases 1,433 Shares of Unity Software Inc. (NYSE:U)

Axxcess Wealth Management LLC grew its position in shares of Unity Software Inc. (NYSE:U) by 15.8% in the 4th quarter, HoldingsChannel reports. The fund owned 10,531 shares of the company’s stock after buying an additional 1,433 shares during the period. Axxcess Wealth Management LLC’s holdings in Unity Software were worth $431,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of U. Harvest Fund Management Co. Ltd purchased a new stake in shares of Unity Software in the fourth quarter worth approximately $27,000. GAMMA Investing LLC bought a new stake in shares of Unity Software in the fourth quarter valued at $28,000. Pacifica Partners Inc. purchased a new stake in Unity Software during the fourth quarter valued at about $33,000. Huntington National Bank boosted its position in Unity Software by 665.0% during the third quarter. Huntington National Bank now owns 895 shares of the company’s stock worth $28,000 after purchasing an additional 778 shares during the period. Finally, Psagot Value Holdings Ltd. Israel purchased a new stake in shares of Unity Software during the 3rd quarter valued at approximately $48,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on U. Barclays dropped their target price on Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 27th. Piper Sandler upgraded shares of Unity Software from an “underweight” rating to a “neutral” rating and lowered their target price for the stock from $35.00 to $30.00 in a research note on Tuesday, February 27th. Citigroup decreased their price target on shares of Unity Software from $50.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Macquarie lowered Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 target price on the stock. in a research note on Monday, February 12th. Finally, Stifel Nicolaus boosted their price objective on Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Unity Software presently has a consensus rating of “Hold” and a consensus price target of $37.03.

Unity Software Stock Down 4.9 %

NYSE U opened at $24.09 on Thursday. The business’s 50-day moving average is $25.82 and its 200 day moving average is $30.26. The stock has a market capitalization of $9.30 billion, a PE ratio of -11.22 and a beta of 2.40. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60. 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 earnings results on Monday, February 26th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). The business had revenue of $609.27 million for the quarter, compared to the consensus estimate of $551.01 million. Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. Unity Software’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.50) EPS. Sell-side analysts forecast that Unity Software Inc. will post -0.63 earnings per share for the current year.

Insider Activity at Unity Software

In related news, SVP Felix The sold 4,374 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $32.55, for a total value of $142,373.70. Following the sale, the senior vice president now directly owns 298,948 shares of the company’s stock, valued at $9,730,757.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Felix The sold 4,374 shares of Unity Software stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $32.55, for a total transaction of $142,373.70. Following the completion of the transaction, the senior vice president now directly owns 298,948 shares in the company, valued at $9,730,757.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Anirma Gupta sold 1,037 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $9,443,360.52. The disclosure for this sale can be found here. Insiders have sold 338,917 shares of company stock worth $9,460,820 over the last 90 days. 6.30% of the stock is owned by company 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.