10,000 Shares in Unity Software Inc. (NYSE:U) Acquired by V2 Financial group LLC

V2 Financial group LLC acquired a new stake in Unity Software Inc. (NYSE:U) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors have also added to or reduced their stakes in U. Geode Capital Management LLC lifted its position in Unity Software by 9.7% during the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after purchasing an additional 413,474 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Unity Software by 100.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock valued at $42,662,000 after buying an additional 944,709 shares during the last quarter. Primecap Management Co. CA lifted its holdings in shares of Unity Software by 7.1% during the 3rd quarter. Primecap Management Co. CA now owns 811,994 shares of the company’s stock valued at $18,367,000 after buying an additional 53,541 shares during the period. Erste Asset Management GmbH purchased a new position in shares of Unity Software in the 3rd quarter worth $12,317,000. Finally, Monolith Management Ltd bought a new stake in shares of Unity Software in the third quarter worth $10,993,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Tomer Bar-Zeev sold 166,667 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $20.99, for a total value of $3,498,340.33. Following the sale, the director now directly owns 3,481,479 shares in the company, valued at approximately $73,076,244.21. The trade was a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mark Barrysmith sold 1,362 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total value of $29,841.42. Following the transaction, the chief accounting officer now owns 452,276 shares of the company’s stock, valued at $9,909,367.16. This represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 931,154 shares of company stock worth $21,019,520 in the last three months. 6.30% of the stock is owned by company insiders.

Unity Software Stock Down 0.7 %

NYSE:U opened at $21.05 on Monday. The business’s 50-day simple moving average is $23.30 and its two-hundred day simple moving average is $20.67. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $35.56. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

Unity Software (NYSE:U) last released its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.08. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. The firm had revenue of $446.52 million during the quarter, compared to analysts’ expectations of $428.01 million. During the same quarter last year, the business posted ($0.12) earnings per share. On average, equities research analysts predict that Unity Software Inc. will post -1.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on U shares. Oppenheimer reissued a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Benchmark increased their price objective on shares of Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research note on Friday, November 8th. Barclays boosted their target price on shares of Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Morgan Stanley increased their price target on shares of Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Wells Fargo & Company started coverage on shares of Unity Software in a research report on Monday, October 28th. They set an “equal weight” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $22.81.

About Unity Software

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.