110,305 Shares in Unity Software Inc. $U Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC purchased a new stake in Unity Software Inc. (NYSE:U) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 110,305 shares of the company’s stock, valued at approximately $3,153,000.

Other institutional investors have also modified their holdings of the company. REAP Financial Group LLC purchased a new position in Unity Software in the fourth quarter valued at $28,000. Larson Financial Group LLC raised its position in 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 purchasing an additional 341 shares in the last quarter. IFP Advisors Inc purchased a new position in shares of Unity Software in the 3rd quarter valued at about $33,000. International Assets Investment Management LLC purchased a new position in shares of Unity Software in the 4th quarter valued at about $36,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Unity Software by 3,953.3% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Price Performance

U stock opened at $46.45 on Friday. The business has a 50 day moving average price of $33.09 and a 200 day moving average price of $26.93. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55. The stock has a market cap of $20.44 billion, a price-to-earnings ratio of -34.15, a PEG ratio of 2.06 and a beta of 2.04. Unity Software Inc. has a fifty-two week low of $16.78 and a fifty-two week high of $52.15.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on U shares. Citigroup upped their target price on shares of Unity Software from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Weiss Ratings upgraded shares of Unity Software from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 4th. Wedbush increased their price objective on shares of Unity Software from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Citizens Jmp raised their price objective on shares of Unity Software from $37.00 to $45.00 and gave the company a “market outperform” rating in a report on Friday, August 7th. Finally, Oppenheimer lifted their price objective on shares of Unity Software from $38.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $45.16.

Insider Transactions at Unity Software

In related news, CEO Matthew S. Bromberg sold 138,993 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $3,777,829.74. Following the completion of the sale, the chief executive officer owned 1,557,514 shares in the company, valued at $42,333,230.52. This represents a 8.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jarrod Yahes sold 24,021 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $652,890.78. Following the transaction, the chief financial officer directly owned 704,360 shares in the company, valued at $19,144,504.80. The trade was a 3.30% 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. Insiders have sold 198,321 shares of company stock worth $5,390,783 over the last 90 days. Company insiders own 0.77% of the company’s stock.

Unity Software Company 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.