Encompass More Asset Management Acquires New Shares in Unity Software Inc. (NYSE:U)

Encompass More Asset Management acquired a new position in shares of Unity Software Inc. (NYSE:U) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 66,779 shares of the company’s stock, valued at approximately $1,501,000.

A number of other institutional investors and hedge funds have also bought and sold shares of U. GAMMA Investing LLC grew its stake in shares of Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 949 shares during the last quarter. Planning Capital Management Corp acquired a new position in Unity Software during the 3rd quarter worth about $34,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Unity Software by 163.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Unity Software in the third quarter valued at about $43,000. Finally, Versant Capital Management Inc raised its position in shares of Unity Software by 186.9% during the fourth quarter. Versant Capital Management Inc now owns 2,812 shares of the company’s stock worth $63,000 after acquiring an additional 1,832 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insider Buying and Selling at Unity Software

In other Unity Software news, Director Shlomo Dovrat sold 3,750 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $17.99, for a total value of $67,462.50. Following the completion of the transaction, the director now owns 2,394,935 shares in the company, valued at $43,084,880.65. This represents a 0.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark Barrysmith sold 1,362 shares of Unity Software stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total value of $29,841.42. Following the sale, the chief accounting officer now owns 452,276 shares in the company, valued at $9,909,367.16. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 764,487 shares of company stock worth $17,521,180. Corporate insiders own 6.30% of the company’s stock.

Unity Software Stock Up 0.8 %

Unity Software stock opened at $23.33 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm’s fifty day moving average price is $23.29 and its two-hundred day moving average price is $20.23. The firm has a market capitalization of $9.40 billion, a price-to-earnings ratio of -11.39 and a beta of 2.32. Unity Software Inc. has a 1-year low of $13.90 and a 1-year high of $35.56.

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

Analyst Ratings Changes

U has been the topic of a number of research analyst reports. Jefferies Financial Group upped their price target on shares of Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Macquarie upped their target price on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Friday, November 8th. Morgan Stanley lifted their target price on Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Barclays increased their price target on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company began coverage on shares of Unity Software in a research note on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Unity Software currently has an average rating of “Hold” and a consensus price target of $22.81.

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.