RPG Investment Advisory LLC Takes Position in Unity Software Inc. (NYSE:U)

RPG Investment Advisory LLC acquired a new stake in Unity Software Inc. (NYSE:U) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,970 shares of the company’s stock, valued at approximately $404,000.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in Unity Software by 100.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after purchasing an additional 944,709 shares during the period. Erste Asset Management GmbH purchased a new stake in Unity Software in the third quarter valued at approximately $12,317,000. Monolith Management Ltd purchased a new stake in Unity Software in the third quarter valued at approximately $10,993,000. Weiss Asset Management LP purchased a new stake in Unity Software in the third quarter valued at approximately $10,335,000. Finally, Geode Capital Management LLC grew its holdings in Unity Software by 9.7% in the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after purchasing an additional 413,474 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on U. Needham & Company LLC boosted their target price on shares of Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley boosted their target price on shares of Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Friday. Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a research note on Thursday. Macquarie boosted their price objective on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Friday, November 8th. Finally, Wedbush reiterated an “outperform” rating and set a $27.00 price objective on shares of Unity Software in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.96.

Insider Activity

In related news, CFO Mark Barrysmith sold 1,228 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $24.44, for a total value of $30,012.32. Following the sale, the chief financial officer now directly owns 453,638 shares of the company’s stock, valued at $11,086,912.72. This represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tomer Bar-Zeev sold 166,667 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $20.99, for a total transaction of $3,498,340.33. Following the completion of the sale, the director now directly owns 3,481,479 shares in the company, valued at $73,076,244.21. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 742,766 shares of company stock worth $18,248,777. 6.30% of the stock is currently owned by company insiders.

Unity Software Price Performance

Shares of U stock opened at $28.31 on Monday. The company has a market capitalization of $11.41 billion, a PE ratio of -16.85 and a beta of 2.32. The firm has a fifty day simple moving average of $22.53 and a 200-day simple moving average of $21.18. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $33.43.

Unity Software (NYSE:U) last announced its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.05. The business had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Equities research analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

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.