International Assets Investment Management LLC Grows Stake in Unity Software Inc. (NYSE:U)

International Assets Investment Management LLC boosted its position in shares of Unity Software Inc. (NYSE:U) by 1,787.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,839 shares of the company’s stock after purchasing an additional 14,053 shares during the quarter. International Assets Investment Management LLC’s holdings in Unity Software were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of U. Greenleaf Trust bought a new stake in Unity Software during the 3rd quarter valued at $310,000. Signaturefd LLC boosted its position in Unity Software by 106.1% during the 3rd quarter. Signaturefd LLC now owns 4,081 shares of the company’s stock valued at $92,000 after acquiring an additional 2,101 shares in the last quarter. Blue Trust Inc. boosted its position in Unity Software by 54.0% during the 3rd quarter. Blue Trust Inc. now owns 4,810 shares of the company’s stock valued at $109,000 after acquiring an additional 1,687 shares in the last quarter. Stratos Wealth Advisors LLC bought a new stake in Unity Software during the 3rd quarter valued at $418,000. Finally, nVerses Capital LLC boosted its position in Unity Software by 133.3% during the 3rd quarter. nVerses Capital LLC now owns 34,300 shares of the company’s stock valued at $776,000 after acquiring an additional 19,600 shares in the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Unity Software news, Director David Helgason sold 250,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Felix The sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total transaction of $536,700.00. Following the transaction, the senior vice president now directly owns 423,679 shares in the company, valued at $7,579,617.31. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Helgason sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the transaction, the director now owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 281,600 shares of company stock worth $5,714,000. Corporate insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on U shares. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research report on Friday, September 13th. Stifel Nicolaus raised their price objective on Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Wedbush raised their price objective on Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Benchmark lowered their price objective on Unity Software from $16.00 to $10.00 and set a “sell” rating for the company in a research report on Friday, August 9th. Finally, The Goldman Sachs Group lowered their price objective on Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $23.35.

Unity Software Price Performance

Shares of Unity Software stock opened at $21.67 on Thursday. 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. The business has a 50-day moving average price of $20.12 and a 200 day moving average price of $18.95. The firm has a market cap of $8.60 billion, a PE ratio of -10.57 and a beta of 2.29.

Unity Software (NYSE:U) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.12. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The firm had revenue of $449.30 million during the quarter, compared to analyst estimates of $438.37 million. During the same quarter in the previous year, the business earned ($0.26) EPS. Unity Software’s revenue for the quarter was down 15.8% compared to the same quarter last year. Sell-side analysts predict that Unity Software Inc. will post -1.86 earnings per share for the current fiscal year.

Unity Software Company 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.