Universal Beteiligungs und Servicegesellschaft mbH Decreases Position in Unity Software Inc. $U

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in Unity Software Inc. (NYSE:U) by 73.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,285 shares of the company’s stock after selling 202,669 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Unity Software were worth $2,894,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in Unity Software in the 3rd quarter valued at about $27,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Unity Software in the second quarter valued at approximately $28,000. Salem Investment Counselors Inc. purchased a new position in shares of Unity Software during the 3rd quarter worth approximately $40,000. Allworth Financial LP raised 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 during the last quarter. Finally, Roxbury Financial LLC purchased a new stake in Unity Software in the 3rd quarter valued at approximately $60,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on U. Freedom Capital raised Unity Software to a “strong-buy” rating in a research report on Thursday, January 15th. Piper Sandler upgraded Unity Software from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $43.00 to $59.00 in a research report on Thursday, December 11th. Morgan Stanley upped their target price on shares of Unity Software from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. The Goldman Sachs Group raised their price target on shares of Unity Software from $42.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Finally, Barclays boosted their price objective on shares of Unity Software from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.27.

Insider Buying and Selling

In related news, CFO Jarrod Yahes sold 34,719 shares of Unity Software stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $41.38, for a total value of $1,436,672.22. Following the transaction, the chief financial officer owned 573,871 shares in the company, valued at approximately $23,746,781.98. This trade represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Bromberg sold 41,025 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $41.38, for a total value of $1,697,614.50. Following the sale, the chief executive officer directly owned 1,192,541 shares of the company’s stock, valued at approximately $49,347,346.58. This trade represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,647,935 shares of company stock worth $75,174,498 over the last 90 days. Company insiders own 3.61% of the company’s stock.

Unity Software Trading Down 2.6%

NYSE U opened at $40.16 on Thursday. The company has a market cap of $17.18 billion, a P/E ratio of -38.25, a P/E/G ratio of 43.24 and a beta of 2.04. 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 0.70, a current ratio of 2.78 and a quick ratio of 2.78. The company has a 50-day moving average of $44.17 and a 200-day moving average of $40.27.

Unity Software (NYSE:U) last released its earnings results on Wednesday, November 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. Unity Software had a negative net margin of 24.15% and a negative return on equity of 9.45%. The business had revenue of $470.62 million for the quarter, compared to analysts’ expectations of $452.87 million. During the same period last year, the company earned ($0.31) earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts predict that Unity Software Inc. will post -1.25 earnings per share for the current year.

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.