U.S. Capital Wealth Advisors LLC Has $1.22 Million Stock Position in Unity Software Inc. (NYSE:U)

U.S. Capital Wealth Advisors LLC decreased its stake in Unity Software Inc. (NYSE:U) by 11.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,421 shares of the company’s stock after selling 6,771 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Unity Software were worth $1,223,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC lifted its stake in Unity Software by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after acquiring an additional 413,474 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Unity Software by 100.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after acquiring an additional 944,709 shares in the last quarter. Primecap Management Co. CA lifted its stake in Unity Software by 7.1% in the 3rd quarter. Primecap Management Co. CA now owns 811,994 shares of the company’s stock worth $18,367,000 after acquiring an additional 53,541 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in Unity Software in the 3rd quarter worth about $12,317,000. Finally, Monolith Management Ltd purchased a new stake in Unity Software in the 3rd quarter worth about $10,993,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insider Buying and Selling at Unity Software

In other news, CAO Mark Barrysmith sold 1,362 shares of Unity Software stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total transaction of $29,841.42. Following the sale, the chief accounting officer now owns 452,276 shares of the company’s stock, valued at approximately $9,909,367.16. This trade represents a 0.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tomer Bar-Zeev sold 166,667 shares of Unity Software stock in a transaction that occurred on 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 directly owns 3,481,479 shares in the company, valued at $73,076,244.21. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 931,154 shares of company stock valued at $21,019,520 in the last 90 days. 6.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on U. Barclays increased their price objective on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Benchmark raised their price target on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research note on Friday, November 8th. Morgan Stanley raised their price target on Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Unity Software presently has an average rating of “Hold” and a consensus price target of $22.81.

Unity Software Stock Performance

U opened at $21.46 on Wednesday. The firm has a market capitalization of $8.65 billion, a P/E ratio of -10.52 and a beta of 2.32. The stock’s 50 day moving average price is $23.49 and its two-hundred day moving average price is $20.57. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 12-month low of $13.90 and a 12-month high of $35.56.

Unity Software (NYSE:U) last released its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.08. The firm had revenue of $446.52 million for the quarter, compared to analyst estimates of $428.01 million. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. During the same quarter last year, the firm posted ($0.12) EPS. On average, equities analysts forecast that Unity Software Inc. will post -1.72 earnings per share for the current year.

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.