Newbridge Financial Services Group Inc. Boosts Stock Position in Unity Software Inc. (NYSE:U)

Newbridge Financial Services Group Inc. grew its holdings in shares of Unity Software Inc. (NYSE:U) by 81.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,000 shares of the company’s stock after buying an additional 1,800 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Unity Software were worth $90,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Unity Software by 343.8% during 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. R Squared Ltd acquired a new stake in shares of Unity Software in the 4th quarter valued at about $30,000. Planning Capital Management Corp purchased a new position in Unity Software during the 3rd quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. increased its position in Unity Software by 163.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock worth $36,000 after buying an additional 1,389 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in Unity Software in the third quarter valued at approximately $43,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Price Performance

Unity Software stock opened at $20.40 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a one year low of $13.90 and a one year high of $35.56. The company has a market cap of $8.22 billion, a P/E ratio of -10.00 and a beta of 2.32. The business has a fifty day moving average of $23.30 and a two-hundred day moving average of $20.70.

Analyst Upgrades and Downgrades

U has been the topic of a number of research reports. UBS Group raised their target price on shares of Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Oppenheimer restated a “market perform” rating on shares of Unity Software in a research note on Friday, October 18th. Wells Fargo & Company started coverage on Unity Software in a report on Monday, October 28th. They set an “equal weight” rating and a $20.00 price target on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Finally, Benchmark lifted their target price on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research note on Friday, November 8th. Two 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.81.

Insider Activity at Unity Software

In other news, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $17.52, for a total value of $4,380,000.00. Following the completion of the transaction, the director now owns 4,248,146 shares in the company, valued at $74,427,517.92. This trade represents a 5.56 % 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, CFO Mark Barrysmith sold 1,228 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $24.44, for a total transaction of $30,012.32. Following the completion of the sale, the chief financial officer now owns 453,638 shares in the company, valued at $11,086,912.72. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 931,154 shares of company stock worth $21,019,520 over the last 90 days. Company insiders own 6.30% of the company’s stock.

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.