Unity Software Inc. (NYSE:U) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in shares of Unity Software Inc. (NYSE:U) by 2,887.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,882 shares of the company’s stock after purchasing an additional 46,279 shares during the quarter. International Assets Investment Management LLC’s holdings in Unity Software were worth $1,958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in U. Avitas Wealth Management LLC acquired a new stake in Unity Software in the 4th quarter valued at about $204,000. Asset Management One Co. Ltd. grew its stake in Unity Software by 11.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 97,237 shares of the company’s stock valued at $4,150,000 after acquiring an additional 10,172 shares during the last quarter. Arizona State Retirement System grew its stake in Unity Software by 10.5% in the 4th quarter. Arizona State Retirement System now owns 68,503 shares of the company’s stock valued at $2,801,000 after acquiring an additional 6,520 shares during the last quarter. DAVENPORT & Co LLC grew its stake in Unity Software by 13.5% in the 4th quarter. DAVENPORT & Co LLC now owns 18,938 shares of the company’s stock valued at $774,000 after acquiring an additional 2,256 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in Unity Software in the 4th quarter valued at about $991,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Stock Down 2.3 %

Shares of NYSE U opened at $22.89 on Friday. Unity Software Inc. has a 52-week low of $22.20 and a 52-week high of $50.08. The firm has a fifty day moving average of $27.89 and a 200-day moving average of $30.63. The stock has a market capitalization of $8.83 billion, a PE ratio of -10.60 and a beta of 2.42. 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 (NYSE:U) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.89). Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. The company had revenue of $609.27 million for the quarter, compared to analysts’ expectations of $551.01 million. During the same period in the prior year, the firm earned ($0.50) earnings per share. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. On average, analysts anticipate that Unity Software Inc. will post -0.63 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Needham & Company LLC lowered their price objective on shares of Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. The Goldman Sachs Group increased their price objective on shares of Unity Software from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Piper Sandler upgraded shares of Unity Software from an “underweight” rating to a “neutral” rating and reduced their target price for the company from $35.00 to $30.00 in a report on Tuesday, February 27th. Barclays reduced their target price on shares of Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 27th. Finally, Macquarie lowered shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 target price on the stock. in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $37.03.

Insider Activity

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