Flynn Zito Capital Management LLC Cuts Holdings in Unity Software Inc. (NYSE:U)

Flynn Zito Capital Management LLC lessened its position in shares of Unity Software Inc. (NYSE:U) by 17.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of Unity Software by 1,787.9% in the 3rd quarter. International Assets Investment Management LLC now owns 14,839 shares of the company’s stock valued at $336,000 after acquiring an additional 14,053 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Unity Software by 193.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 159,455 shares of the company’s stock worth $3,602,000 after acquiring an additional 105,100 shares during the period. DekaBank Deutsche Girozentrale grew its position in Unity Software by 13.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 30,568 shares of the company’s stock valued at $691,000 after acquiring an additional 3,727 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Unity Software by 996.7% during the third quarter. Nisa Investment Advisors LLC now owns 16,450 shares of the company’s stock valued at $372,000 after purchasing an additional 14,950 shares during the period. Finally, First Trust Direct Indexing L.P. acquired a new position in shares of Unity Software during the third quarter worth $242,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Trading Up 3.5 %

Shares of NYSE:U opened at $26.56 on Thursday. The company’s 50-day moving average price is $22.68 and its 200 day moving average price is $21.38. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $31.68. The company has a market cap of $10.70 billion, a PE ratio of -15.81 and a beta of 2.32. 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 (NYSE:U) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The business had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. Sell-side analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current year.

Insider Buying and Selling at Unity Software

In related news, SVP Felix The sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the transaction, the senior vice president now owns 391,960 shares of the company’s stock, valued at $10,751,462.80. This trade represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tomer Bar-Zeev sold 166,667 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $73,076,244.21. The trade was a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 788,212 shares of company stock valued at $19,397,708. Company insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on U. HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Friday, February 21st. Benchmark raised shares of Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Jefferies Financial Group increased their price objective on shares of Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, February 21st. Needham & Company LLC increased their price target on shares of Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Barclays boosted their price objective on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $25.96.

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.