Susquehanna Fundamental Investments LLC Increases Position in Unity Software Inc. $U

Susquehanna Fundamental Investments LLC lifted its stake in Unity Software Inc. (NYSE:U) by 1,196.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 150,611 shares of the company’s stock after purchasing an additional 138,995 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Unity Software were worth $4,304,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in U. REAP Financial Group LLC bought a new position in Unity Software in the fourth quarter worth about $28,000. Larson Financial Group LLC boosted its holdings in shares of Unity Software by 88.1% in the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after buying an additional 341 shares in the last quarter. IFP Advisors Inc purchased a new position in shares of Unity Software in the 3rd quarter worth approximately $33,000. International Assets Investment Management LLC purchased a new position in shares of Unity Software in the 4th quarter worth approximately $36,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Unity Software by 3,953.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock worth $49,000 after buying an additional 1,186 shares during the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Unity Software

In other news, SVP Rebecca Berenice Boyden sold 1,032 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $45.32, for a total value of $46,770.24. Following the transaction, the senior vice president directly owned 308,413 shares of the company’s stock, valued at approximately $13,977,277.16. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew S. Bromberg sold 16,383 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $45.31, for a total value of $742,313.73. Following the completion of the transaction, the chief executive officer owned 1,541,131 shares of the company’s stock, valued at approximately $69,828,645.61. The trade was a 1.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 65,991 shares of company stock worth $2,989,081. 0.77% of the stock is owned by insiders.

Unity Software Stock Down 3.0%

NYSE:U opened at $41.99 on Tuesday. The company has a market cap of $18.48 billion, a PE ratio of -30.87, a P/E/G ratio of 1.90 and a beta of 2.04. Unity Software Inc. has a twelve month low of $16.78 and a twelve month high of $52.15. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $35.47 and its two-hundred day moving average is $27.83.

Unity Software (NYSE:U) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.39. Unity Software had a negative net margin of 28.97% and a positive return on equity of 4.64%. The firm had revenue of $546.47 million for the quarter, compared to analyst estimates of $514.72 million. During the same period in the previous year, the company earned $0.18 earnings per share. The business’s quarterly revenue was up 24.0% compared to the same quarter last year. Analysts anticipate that Unity Software Inc. will post 0.55 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. BTIG Research increased their target price on shares of Unity Software from $43.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Piper Sandler upped their price target on Unity Software from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Needham & Company LLC increased their price objective on Unity Software from $40.00 to $54.00 and gave the company a “buy” rating in a report on Friday, August 7th. Citizens Jmp raised their price objective on Unity Software from $37.00 to $45.00 and gave the stock a “market outperform” rating in a research report on Friday, August 7th. Finally, Barclays boosted their target price on Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.16.

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.