Black Swift Group LLC Takes Position in Unity Software Inc. $U

Black Swift Group LLC purchased a new position in shares of Unity Software Inc. (NYSE:U) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 30,000 shares of the company’s stock, valued at approximately $1,201,000.

A number of other institutional investors and hedge funds have also modified their holdings of U. Root Financial Partners LLC acquired a new position in Unity Software during the third quarter worth $27,000. Aster Capital Management DIFC Ltd acquired a new stake in Unity Software in the third quarter valued at $38,000. Salem Investment Counselors Inc. acquired a new stake in Unity Software in the third quarter valued at $40,000. Atlantic Union Bankshares Corp purchased a new position in shares of Unity Software in the second quarter valued at $28,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Unity Software by 81.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,187 shares of the company’s stock worth $48,000 after buying an additional 533 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Insider Buying and Selling at Unity Software

In other news, Director Tomer Bar-Zeev sold 50,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $47.00, for a total transaction of $2,350,000.00. Following the completion of the sale, the director directly owned 873,146 shares in the company, valued at $41,037,862. This trade represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Alexander Blum sold 2,541 shares of Unity Software stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $18.76, for a total value of $47,669.16. Following the sale, the chief operating officer directly owned 548,425 shares in the company, valued at approximately $10,288,453. The trade was a 0.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 939,438 shares of company stock worth $45,517,910. Insiders own 3.61% of the company’s stock.

Unity Software Stock Performance

Unity Software stock opened at $19.83 on Friday. The company has a market cap of $8.59 billion, a price-to-earnings ratio of -20.66, a price-to-earnings-growth ratio of 10.65 and a beta of 2.14. Unity Software Inc. has a 12 month low of $15.33 and a 12 month high of $52.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.84 and a quick ratio of 1.84. The stock’s 50-day moving average is $31.94 and its 200-day moving average is $37.94.

Unity Software (NYSE:U) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Unity Software had a negative net margin of 21.77% and a negative return on equity of 4.76%. The firm had revenue of $503.09 million during the quarter, compared to analysts’ expectations of $490.64 million. During the same period in the prior year, the company earned ($0.30) EPS. The firm’s revenue was up 10.1% on a year-over-year basis. Equities analysts anticipate that Unity Software Inc. will post -1.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on U. Wedbush lowered their target price on Unity Software from $37.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. The Goldman Sachs Group reduced their price objective on Unity Software from $47.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. BTIG Research decreased their price objective on Unity Software from $60.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Wells Fargo & Company dropped their price objective on Unity Software from $54.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Finally, Morgan Stanley boosted their target price on shares of Unity Software from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.73.

About Unity Software

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.