Coldstream Capital Management Inc. Increases Stake in Unity Software Inc. (NYSE:U)

Coldstream Capital Management Inc. increased its position in shares of Unity Software Inc. (NYSE:U) by 127.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 139,235 shares of the company’s stock after purchasing an additional 77,934 shares during the period. Coldstream Capital Management Inc.’s holdings in Unity Software were worth $2,264,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in U. Tradewinds Capital Management LLC increased its stake in Unity Software by 245.6% in the first quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in Unity Software by 2,429.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock worth $28,000 after buying an additional 996 shares during the period. Principal Securities Inc. bought a new stake in Unity Software during the 4th quarter valued at about $37,000. Tidemark LLC purchased a new stake in Unity Software in the 4th quarter valued at about $39,000. Finally, Blue Trust Inc. grew its stake in Unity Software by 308.8% in the 2nd quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock worth $51,000 after acquiring an additional 2,359 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on U shares. Wedbush lowered their price target on Unity Software from $33.50 to $21.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Macquarie dropped their price target on Unity Software from $14.00 to $12.00 and set an “underperform” rating on the stock in a research report on Friday, August 9th. The Goldman Sachs Group decreased their price objective on Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a report on Friday, August 9th. Benchmark cut their target price on shares of Unity Software from $16.00 to $10.00 and set a “sell” rating on the stock in a research report on Friday, August 9th. Finally, Needham & Company LLC reduced their price target on shares of Unity Software from $31.00 to $23.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Unity Software presently has an average rating of “Hold” and an average target price of $26.46.

Unity Software Stock Performance

Shares of Unity Software stock opened at $16.72 on Wednesday. The company has a 50 day moving average price of $16.27 and a 200 day moving average price of $20.52. The firm has a market capitalization of $6.64 billion, a P/E ratio of -7.46 and a beta of 2.25. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $43.54.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.12. The business had revenue of $449.30 million during the quarter, compared to analysts’ expectations of $438.37 million. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The business’s quarterly revenue was down 15.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.26) earnings per share. Sell-side analysts expect that Unity Software Inc. will post -1.86 EPS for the current year.

Insider Buying and Selling at Unity Software

In other Unity Software news, SVP Anirma Gupta sold 1,506 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $16.73, for a total transaction of $25,195.38. Following the completion of the transaction, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at approximately $6,851,604.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 5,472 shares of company stock worth $90,871. 6.30% of the stock is currently owned by insiders.

About Unity Software

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.