Unity Software Inc. (NYSE:U) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. reduced its holdings in Unity Software Inc. (NYSE:U) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,759 shares of the company’s stock after selling 652 shares during the quarter. Kovack Advisors Inc.’s holdings in Unity Software were worth $688,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its stake in Unity Software by 245.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock valued at $26,000 after purchasing an additional 700 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Unity Software during the fourth quarter valued at about $27,000. GAMMA Investing LLC acquired a new position in Unity Software during the fourth quarter worth about $28,000. Pacifica Partners Inc. bought a new stake in Unity Software in the fourth quarter worth about $33,000. Finally, Principal Securities Inc. bought a new stake in Unity Software in the fourth quarter worth about $37,000. Institutional investors own 73.46% of the company’s stock.

Analyst Ratings Changes

U has been the topic of several recent research reports. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research note on Friday, May 10th. Wedbush restated an “outperform” rating and issued a $33.50 price target on shares of Unity Software in a research report on Friday, May 10th. Barclays cut their price objective on Unity Software from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Stifel Nicolaus decreased their target price on Unity Software from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, June 10th. Finally, The Goldman Sachs Group reduced their target price on Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $33.47.

Insider Buying and Selling at Unity Software

In other Unity Software news, Chairman James M. Whitehurst sold 49,854 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $19.10, for a total transaction of $952,211.40. Following the transaction, the chairman now directly owns 313,266 shares of the company’s stock, valued at $5,983,380.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Marc Whitten sold 31,466 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $19.10, for a total value of $601,000.60. Following the completion of the sale, the insider now directly owns 958,241 shares in the company, valued at $18,302,403.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman James M. Whitehurst sold 49,854 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $19.10, for a total transaction of $952,211.40. Following the completion of the transaction, the chairman now owns 313,266 shares in the company, valued at $5,983,380.60. The disclosure for this sale can be found here. Insiders sold 245,736 shares of company stock worth $4,832,120 over the last ninety days. 6.30% of the stock is currently owned by insiders.

Unity Software Stock Down 1.7 %

Shares of NYSE U traded down $0.28 during mid-day trading on Thursday, reaching $15.73. The company had a trading volume of 3,792,007 shares, compared to its average volume of 7,780,179. The stock has a market capitalization of $6.15 billion, a PE ratio of -7.02 and a beta of 2.25. Unity Software Inc. has a twelve month low of $15.23 and a twelve month high of $50.08. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.15 and a current ratio of 2.15. The stock’s 50 day moving average is $19.66 and its 200-day moving average is $27.20.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.13. The company had revenue of $460.38 million during the quarter, compared to the consensus estimate of $422.53 million. Unity Software had a negative return on equity of 7.73% and a negative net margin of 40.11%. As a group, equities analysts anticipate that Unity Software Inc. will post -1.81 earnings per share for the current fiscal year.

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.