Flynn Zito Capital Management LLC Decreases Stake in Unity Software Inc. (NYSE:U)

Flynn Zito Capital Management LLC cut its position in Unity Software Inc. (NYSE:U) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,159 shares of the company’s stock after selling 2,533 shares during the period. Flynn Zito Capital Management LLC’s holdings in Unity Software were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ariose Capital Management Ltd acquired a new position in Unity Software in the fourth quarter valued at approximately $2,299,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 valued at $42,662,000 after buying an additional 944,709 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Unity Software by 2,665.4% in the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock valued at $7,747,000 after buying an additional 330,088 shares during the last quarter. LMR Partners LLP acquired a new stake in shares of Unity Software during the third quarter worth about $611,000. Finally, Edgestream Partners L.P. grew its stake in Unity Software by 637.9% during the 3rd quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock worth $2,328,000 after buying an additional 88,955 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Stock Up 3.5 %

U opened at $26.56 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The company has a market cap of $10.70 billion, a price-to-earnings ratio of -15.81 and a beta of 2.32. Unity Software Inc. has a one year low of $13.90 and a one year high of $31.68. The business’s fifty day moving average is $22.68 and its two-hundred day moving average is $21.38.

Unity Software (NYSE:U) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.05. The business had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Insider Activity

In other Unity Software news, SVP Felix The sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $27.43, for a total transaction of $548,600.00. Following the sale, the senior vice president now directly owns 391,960 shares of the company’s stock, valued at $10,751,462.80. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tomer Bar-Zeev sold 210,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $26.23, for a total transaction of $5,508,300.00. Following the completion of the transaction, the director now directly owns 967,650 shares of the company’s stock, valued at approximately $25,381,459.50. This represents a 17.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 788,212 shares of company stock worth $19,397,708 over the last ninety days. 6.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on U shares. Wells Fargo & Company boosted their price objective on Unity Software from $20.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. UBS Group raised their price target on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Jefferies Financial Group upped their price objective on Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, February 21st. Morgan Stanley increased their price target on Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Needham & Company LLC raised their target price on shares of Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Unity Software presently has an average rating of “Hold” and an average price target of $25.96.

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.