Boothbay Fund Management LLC Purchases Shares of 131,382 Unity Software Inc. $U

Boothbay Fund Management LLC acquired a new stake in Unity Software Inc. (NYSE:U) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 131,382 shares of the company’s stock, valued at approximately $5,261,000.

Other large investors also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Unity Software by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company’s stock valued at $15,930,000 after acquiring an additional 45,481 shares in the last quarter. Focus Partners Wealth acquired a new stake in Unity Software in the 1st quarter worth about $260,000. Envestnet Asset Management Inc. bought a new stake in Unity Software in the 2nd quarter valued at about $238,000. Allworth Financial LP grew its position in shares of Unity Software by 28.4% during the 2nd quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock worth $45,000 after purchasing an additional 412 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Unity Software by 148.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 22,181 shares of the company’s stock worth $537,000 after purchasing an additional 13,245 shares in the last quarter. 73.46% of the stock is owned by institutional investors.

Unity Software Stock Down 0.1%

Shares of NYSE:U opened at $19.42 on Monday. Unity Software Inc. has a 52-week low of $15.33 and a 52-week high of $52.15. The company has a market capitalization of $8.41 billion, a PE ratio of -20.23, a price-to-earnings-growth ratio of 10.42 and a beta of 2.15. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.84 and a current ratio of 1.84. The company has a fifty day moving average of $29.51 and a 200-day moving average of $37.29.

Unity Software (NYSE:U) last posted its 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. The firm had revenue of $503.09 million for the quarter, compared to analyst estimates of $490.64 million. Unity Software had a negative net margin of 21.77% and a negative return on equity of 4.76%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.30) EPS. On average, equities analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wedbush restated an “outperform” rating and set a $30.00 price objective on shares of Unity Software in a research note on Friday. Wells Fargo & Company cut their target price 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. Jefferies Financial Group increased their target price on Unity Software from $49.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, January 5th. Benchmark restated a “hold” rating on shares of Unity Software in a research report on Monday, February 2nd. Finally, Bank of America raised Unity Software from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $18.00 to $19.00 in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.73.

Insider Buying and Selling at Unity Software

In other news, CAO Mark Barrysmith sold 10,578 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total transaction of $191,144.46. Following the completion of the sale, the chief accounting officer directly owned 383,901 shares in the company, valued at $6,937,091.07. This represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of the transaction, the chief operating officer directly owned 548,425 shares of the company’s stock, valued at approximately $10,288,453. This trade represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 41,684 shares of company stock valued at $773,350. 3.61% of the stock is currently owned by company insiders.

Unity Software Profile

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.