Unity Software Inc. $U Shares Newly Purchased by MBL Wealth LLC

MBL Wealth LLC acquired a new stake in Unity Software Inc. (NYSE:U) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,541 shares of the company’s stock, valued at approximately $513,000.

Several other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC grew its holdings in shares of Unity Software by 14.6% in the third quarter. V Square Quantitative Management LLC now owns 2,329 shares of the company’s stock valued at $95,000 after acquiring an additional 297 shares in the last quarter. Fortitude Family Office LLC increased its position in shares of Unity Software by 56.1% during the third quarter. Fortitude Family Office LLC now owns 840 shares of the company’s stock valued at $34,000 after acquiring an additional 302 shares during the last quarter. Elevation Wealth Partners LLC increased its position in shares of Unity Software by 15.0% during the third quarter. Elevation Wealth Partners LLC now owns 2,628 shares of the company’s stock valued at $108,000 after acquiring an additional 342 shares during the last quarter. KBC Group NV lifted its holdings in Unity Software by 1.0% during the first quarter. KBC Group NV now owns 52,505 shares of the company’s stock worth $1,152,000 after acquiring an additional 545 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Unity Software by 37.6% during the second quarter. Versant Capital Management Inc now owns 2,041 shares of the company’s stock worth $58,000 after acquiring an additional 558 shares during the period. Institutional investors own 73.46% of the company’s stock.

Unity Software Price Performance

Shares of NYSE U opened at $40.87 on Friday. 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 firm has a market cap of $17.98 billion, a price-to-earnings ratio of -30.05, a price-to-earnings-growth ratio of 1.79 and a beta of 2.11. Unity Software Inc. has a 1-year low of $16.78 and a 1-year high of $52.15. The stock has a fifty day simple moving average of $43.18 and a two-hundred day simple moving average of $34.06.

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, topping the consensus estimate of ($0.11) by $0.39. The company had revenue of $546.47 million during 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 firm’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. Analysts anticipate that Unity Software Inc. will post 0.55 earnings per share for the current year.

Insider Transactions at Unity Software

In related news, CFO Jarrod Yahes sold 26,017 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 transaction of $1,178,830.27. Following the transaction, the chief financial officer directly owned 678,343 shares of the company’s stock, valued at approximately $30,735,721.33. This trade represents a 3.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Rebecca Boyden sold 1,032 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were 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 in the company, valued at approximately $13,977,277.16. This represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 109,547 shares of company stock valued at $4,884,202 over the last 90 days. Company insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Oppenheimer reissued an “outperform” rating on shares of Unity Software in a research report on Thursday, October 8th. Raymond James Financial raised Unity Software from a “market perform” rating to an “outperform” rating and set a $54.00 target price for the company in a research report on Thursday, October 8th. Bank of America raised Unity Software from a “neutral” rating to a “buy” rating and raised their target price for the company from $30.00 to $50.00 in a research report on Friday, August 7th. Jefferies Financial Group lifted their target price on Unity Software from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Finally, Morgan Stanley boosted their price target on shares of Unity Software from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.01.

About Unity Software

Unity Software Inc develops software and services for creating, operating and monetizing interactive, real-time content. Its core product is the Unity engine, a development platform used to build video games and experiences for mobile devices, personal computers, consoles, augmented and virtual reality systems, and other platforms.

The company also provides tools and services that support the development and operation of interactive applications, including collaboration and cloud-based development tools, multiplayer and voice communication capabilities, analytics, advertising, and in-app monetization solutions.