Elo Mutual Pension Insurance Co Raises Stake in Unity Software Inc. (NYSE:U)

Elo Mutual Pension Insurance Co boosted its holdings in Unity Software Inc. (NYSE:U) by 9.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,789 shares of the company’s stock after purchasing an additional 2,219 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Unity Software were worth $403,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Securities Inc. purchased a new position in shares of Unity Software in the 4th quarter worth about $37,000. Tradewinds Capital Management LLC raised its holdings in Unity Software by 245.6% in the first quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after buying an additional 700 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Unity Software by 2,429.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock worth $28,000 after buying an additional 996 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock valued at $62,000 after buying an additional 562 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Unity Software during the first quarter valued at approximately $65,000. Institutional investors own 73.46% of the company’s stock.

Unity Software Stock Up 2.6 %

U stock opened at $20.81 on Friday. The business’s 50-day moving average price is $16.87 and its 200-day moving average price is $20.10. The stock has a market cap of $8.26 billion, a P/E ratio of -9.29 and a beta of 2.25. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $43.54.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.12. The business had revenue of $449.30 million during the quarter, compared to analyst estimates of $438.37 million. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. The company’s revenue was down 15.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.26) earnings per share. On average, equities research analysts forecast that Unity Software Inc. will post -1.86 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Anirma Gupta sold 1,506 shares of Unity Software stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $16.73, for a total transaction of $25,195.38. Following the sale, the senior vice president now owns 409,540 shares of the company’s stock, valued at approximately $6,851,604.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director David Helgason sold 250,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the completion of the transaction, the director now owns 8,201,851 shares in the company, valued at $168,876,112.09. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Anirma Gupta sold 1,506 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $16.73, for a total value of $25,195.38. Following the completion of the sale, the senior vice president now owns 409,540 shares in the company, valued at $6,851,604.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 285,472 shares of company stock worth $5,778,479. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on U shares. Piper Sandler reiterated a “neutral” rating and set a $17.00 target price (down from $25.00) on shares of Unity Software in a research note on Friday, August 9th. Benchmark dropped their price objective on Unity Software from $16.00 to $10.00 and set a “sell” rating on the stock in a research report on Friday, August 9th. Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research report on Tuesday, September 3rd. Needham & Company LLC dropped their price target on shares of Unity Software from $31.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, The Goldman Sachs Group decreased their price objective on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Unity Software presently has an average rating of “Hold” and a consensus target price of $27.46.

Unity Software Profile

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.