Mirae Asset Global Investments Co. Ltd. Acquires 34,407 Shares of Unity Software Inc. (NYSE:U)

Mirae Asset Global Investments Co. Ltd. raised its holdings in Unity Software Inc. (NYSE:U) by 14.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 271,526 shares of the company’s stock after acquiring an additional 34,407 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Unity Software worth $11,103,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of U. Front Row Advisors LLC grew its holdings in shares of Unity Software by 15,550.0% during the second quarter. Front Row Advisors LLC now owns 626 shares of the company’s stock worth $27,000 after purchasing an additional 622 shares during the last quarter. Huntington National Bank grew its holdings in shares of Unity Software by 665.0% during the third quarter. Huntington National Bank now owns 895 shares of the company’s stock worth $28,000 after purchasing an additional 778 shares during the last quarter. Pacifica Partners Inc. bought a new stake in shares of Unity Software during the fourth quarter worth about $33,000. Impact Partnership Wealth LLC grew its holdings in shares of Unity Software by 1,151.0% during the third quarter. Impact Partnership Wealth LLC now owns 1,251 shares of the company’s stock worth $39,000 after purchasing an additional 1,151 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Unity Software by 373.7% during the second quarter. IFP Advisors Inc now owns 919 shares of the company’s stock worth $40,000 after purchasing an additional 725 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on U. Barclays reduced their price target on Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 27th. Needham & Company LLC cut their price objective on Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. Wedbush cut their price objective on Unity Software from $50.00 to $33.50 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Stifel Nicolaus lifted their price objective on Unity Software from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Macquarie lowered Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price objective on the stock. in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $37.03.

Unity Software Stock Up 0.5 %

Shares of NYSE:U opened at $26.05 on Friday. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.85. Unity Software Inc. has a twelve month low of $22.20 and a twelve month high of $50.08. The stock’s 50 day moving average is $28.94 and its 200-day moving average is $30.91.

Unity Software (NYSE:U) last issued its earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The firm had revenue of $609.27 million for the quarter, compared to analyst estimates of $551.01 million. During the same period in the previous year, the company earned ($0.50) earnings per share. Unity Software’s revenue for the quarter was up 35.1% compared to the same quarter last year. As a group, equities research analysts predict that Unity Software Inc. will post -0.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Anirma Gupta sold 756 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $33.07, for a total transaction of $25,000.92. Following the completion of the sale, the senior vice president now owns 396,985 shares in the company, valued at $13,128,293.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CMO Carol W. Carpenter sold 2,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.51, for a total transaction of $65,020.00. Following the completion of the sale, the chief marketing officer now owns 455,034 shares in the company, valued at $14,793,155.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Anirma Gupta sold 756 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $33.07, for a total value of $25,000.92. Following the completion of the transaction, the senior vice president now owns 396,985 shares of the company’s stock, valued at approximately $13,128,293.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 341,723 shares of company stock worth $9,577,516. 9.00% of the stock is owned by corporate insiders.

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.