Edmond DE Rothschild Holding S.A. Acquires New Holdings in Unity Software Inc. $U

Edmond DE Rothschild Holding S.A. bought a new position in Unity Software Inc. (NYSE:U) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 25,000 shares of the company’s stock, valued at approximately $714,000.

A number of other large investors have also added to or reduced their stakes in U. REAP Financial Group LLC bought a new position in shares of Unity Software during the 4th quarter valued at $28,000. Larson Financial Group LLC grew its holdings in shares of Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after acquiring an additional 341 shares during the period. IFP Advisors Inc bought a new stake in shares of Unity Software in the third quarter worth $33,000. International Assets Investment Management LLC purchased a new stake in Unity Software during the fourth quarter valued at $36,000. Finally, Cornerstone Planning Group LLC increased its position in Unity Software by 3,953.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock valued at $49,000 after acquiring an additional 1,186 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on U shares. Zacks Research raised Unity Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Needham & Company LLC boosted their price target on Unity Software from $40.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Wall Street Zen raised shares of Unity Software from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Benchmark upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Friday, August 7th. Finally, HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $47.10 price objective on the stock in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.16.

Insider Transactions at Unity Software

In related news, SVP Rebecca Berenice Boyden sold 952 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $27.20, for a total transaction of $25,894.40. Following the completion of the transaction, the senior vice president directly owned 309,445 shares in the company, valued at approximately $8,416,904. The trade was a 0.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Mark Barrysmith sold 13,247 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $360,053.46. Following the completion of the sale, the chief accounting officer directly owned 370,654 shares of the company’s stock, valued at $10,074,375.72. This represents a 3.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 198,321 shares of company stock valued at $5,390,783. Company insiders own 0.77% of the company’s stock.

Unity Software Trading Down 1.4%

NYSE:U opened at $46.45 on Friday. Unity Software Inc. has a one year low of $16.78 and a one year high of $52.15. The business has a fifty day moving average price of $33.09 and a 200-day moving average price of $26.93. The firm has a market capitalization of $20.44 billion, a price-to-earnings ratio of -34.15, a price-to-earnings-growth ratio of 2.06 and a beta of 2.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.03 and a quick ratio of 2.03.

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