Mirae Asset Global Investments Co. Ltd. Has $7.99 Million Stock Holdings in Unity Software Inc. (NYSE:U)

Mirae Asset Global Investments Co. Ltd. lifted its stake in Unity Software Inc. (NYSE:UFree Report) by 6.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 289,686 shares of the company’s stock after acquiring an additional 18,160 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of Unity Software worth $7,988,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of U. Norges Bank bought a new stake in Unity Software during the fourth quarter valued at about $379,180,000. Capital Research Global Investors lifted its stake in shares of Unity Software by 510.2% in the fourth quarter. Capital Research Global Investors now owns 7,181,661 shares of the company’s stock valued at $293,658,000 after buying an additional 6,004,655 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Unity Software by 30.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,509 shares of the company’s stock valued at $317,984,000 after buying an additional 2,777,884 shares during the period. Vanguard Group Inc. lifted its stake in shares of Unity Software by 8.3% in the third quarter. Vanguard Group Inc. now owns 25,819,797 shares of the company’s stock valued at $810,483,000 after buying an additional 1,972,435 shares during the period. Finally, Contour Asset Management LLC lifted its stake in shares of Unity Software by 77.8% in the fourth quarter. Contour Asset Management LLC now owns 4,091,289 shares of the company’s stock valued at $167,293,000 after buying an additional 1,790,326 shares during the period. 73.46% of the stock is currently owned by institutional investors.

Unity Software Price Performance

Shares of NYSE U opened at $15.53 on Wednesday. The company’s fifty day moving average is $18.99 and its 200-day moving average is $26.44. Unity Software Inc. has a twelve month low of $15.15 and a twelve month high of $50.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.15 and a quick ratio of 2.15.

Unity Software (NYSE:UGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.13. The business had revenue of $460.38 million for the quarter, compared to analyst estimates of $422.53 million. Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. On average, equities analysts predict that Unity Software Inc. will post -1.81 earnings per share for the current year.

Wall Street Analyst Weigh In

U has been the subject of several recent research reports. Benchmark reissued a “sell” rating and issued a $16.00 price target on shares of Unity Software in a research report on Friday, May 10th. Stifel Nicolaus dropped their price objective on shares of Unity Software from $30.00 to $25.00 and set a “buy” rating for the company in a report on Monday, June 10th. The Goldman Sachs Group dropped their price objective on shares of Unity Software from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $31.00 price objective on shares of Unity Software in a report on Friday, May 10th. Finally, Barclays dropped their price objective on shares of Unity Software from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $33.47.

Check Out Our Latest Research Report on U

Insider Buying and Selling

In related news, insider Marc Whitten sold 31,466 shares of the company’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 transaction, the insider now directly owns 958,241 shares of the company’s stock, valued at approximately $18,302,403.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Unity Software news, insider Marc Whitten sold 31,466 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $19.10, for a total transaction of $601,000.60. Following the sale, the insider now directly owns 958,241 shares of the company’s stock, valued at approximately $18,302,403.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Anirma Gupta sold 1,037 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $24.42, for a total transaction of $25,323.54. Following the sale, the senior vice president now directly owns 386,706 shares in the company, valued at $9,443,360.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 245,736 shares of company stock valued at $4,832,120. Company insiders own 6.30% of the company’s stock.

Unity Software Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Unity Software (NYSE:U)

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