River Global Investors LLP Has $775,000 Stake in Unity Software Inc. (NYSE:U)

River Global Investors LLP raised its holdings in Unity Software Inc. (NYSE:U) by 44.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,959 shares of the company’s stock after acquiring an additional 5,829 shares during the period. River Global Investors LLP’s holdings in Unity Software were worth $775,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new position in Unity Software in the fourth quarter valued at about $27,000. Huntington National Bank lifted its holdings in shares of Unity Software by 665.0% in the third quarter. Huntington National Bank now owns 895 shares of the company’s stock valued at $28,000 after purchasing an additional 778 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Unity Software in the fourth quarter valued at about $28,000. Pacifica Partners Inc. bought a new stake in shares of Unity Software in the fourth quarter valued at about $33,000. Finally, Psagot Value Holdings Ltd. Israel bought a new stake in shares of Unity Software in the third quarter valued at about $48,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Piper Sandler upgraded Unity Software from an “underweight” rating to a “neutral” rating and cut their price target for the company from $35.00 to $30.00 in a report on Tuesday, February 27th. The Goldman Sachs Group boosted their price target on Unity Software from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Citigroup cut their price target on Unity Software from $50.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Stifel Nicolaus boosted their price target on Unity Software from $32.00 to $35.00 and gave the company a “buy” rating in a report on Friday, March 1st. Finally, Macquarie lowered Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 target price on the stock. in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $37.03.

Unity Software Stock Performance

Shares of NYSE:U traded up $0.58 on Friday, hitting $24.74. The company had a trading volume of 5,753,162 shares, compared to its average volume of 5,937,102. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of -11.45 and a beta of 2.40. The stock has a 50 day moving average price of $26.08 and a 200 day moving average price of $30.28. Unity Software Inc. has a 1-year low of $22.20 and a 1-year high of $50.08. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.85.

Unity Software (NYSE:U) last announced its earnings results on Monday, February 26th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.89). The company had revenue of $609.27 million for the quarter, compared to the consensus estimate of $551.01 million. Unity Software had a negative return on equity of 10.14% and a negative net margin of 37.64%. The business’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.50) EPS. Analysts expect that Unity Software Inc. will post -0.63 EPS for the current year.

Insider Activity

In other Unity Software news, CMO Carol W. Carpenter sold 6,417 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $32.57, for a total value of $209,001.69. Following the transaction, the chief marketing officer now directly owns 448,617 shares of the company’s stock, valued at approximately $14,611,455.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Marc Whitten sold 7,232 shares of Unity Software stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $32.56, for a total value of $235,473.92. Following the completion of the sale, the insider now directly owns 989,707 shares in the company, valued at $32,224,859.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Carol W. Carpenter sold 6,417 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $32.57, for a total value of $209,001.69. Following the sale, the chief marketing officer now directly owns 448,617 shares in the company, valued at approximately $14,611,455.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 338,917 shares of company stock valued at $9,460,820. 6.30% of the stock is owned by insiders.

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.