Unity Software Inc. $U Holdings Raised by Algert Global LLC

Algert Global LLC raised its stake in shares of Unity Software Inc. (NYSE:U) by 55.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 306,517 shares of the company’s stock after buying an additional 109,151 shares during the period. Algert Global LLC owned approximately 0.07% of Unity Software worth $12,273,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in U. Root Financial Partners LLC acquired a new stake in shares of Unity Software in the third quarter valued at $27,000. Aster Capital Management DIFC Ltd acquired a new position in Unity Software during the third quarter worth about $38,000. Salem Investment Counselors Inc. acquired a new position in Unity Software during the third quarter worth about $40,000. Allworth Financial LP raised its position in Unity Software by 28.4% in the second quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock worth $45,000 after acquiring an additional 412 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Unity Software by 81.5% in the third quarter. EverSource Wealth Advisors LLC now owns 1,187 shares of the company’s stock worth $48,000 after acquiring an additional 533 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Unity Software news, CAO Mark Barrysmith sold 10,578 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total value of $191,144.46. Following the transaction, the chief accounting officer directly owned 383,901 shares of the company’s stock, valued at $6,937,091.07. This represents a 2.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Alexander Blum sold 10,164 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total transaction of $183,663.48. Following the transaction, the chief operating officer directly owned 550,966 shares in the company, valued at approximately $9,955,955.62. The trade was a 1.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,684 shares of company stock worth $773,350 in the last ninety days. Corporate insiders own 3.61% of the company’s stock.

Unity Software Price Performance

U opened at $19.42 on Monday. The firm has a market capitalization of $8.41 billion, a P/E ratio of -20.23, a PEG ratio of 10.42 and a beta of 2.15. The stock has a fifty day moving average of $29.51 and a 200-day moving average of $37.29. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.52. Unity Software Inc. has a 12-month low of $15.33 and a 12-month high of $52.15.

Unity Software (NYSE:U) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $503.09 million for the quarter, compared to the consensus estimate of $490.64 million. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.Unity Software’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.30) earnings per share. Equities analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on U. Benchmark restated a “hold” rating on shares of Unity Software in a research report on Monday, February 2nd. Freedom Capital upgraded shares of Unity Software to a “strong-buy” rating in a report on Thursday, January 15th. Jefferies Financial Group lifted their price target on shares of Unity Software from $49.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, January 5th. Piper Sandler raised Unity Software from a “neutral” rating to an “overweight” rating and upped their price target for the company from $43.00 to $59.00 in a report on Thursday, December 11th. Finally, Bank of America upgraded Unity Software from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $18.00 to $19.00 in a research report on Tuesday, March 3rd. One investment 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 stock. According to data from MarketBeat.com, Unity Software presently has a consensus rating of “Moderate Buy” and a consensus price target 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.