Byrne Financial Freedom LLC Acquires 14,677 Shares of Unity Software Inc. (NYSE:U)

Byrne Financial Freedom LLC grew its holdings in shares of Unity Software Inc. (NYSE:U - Free Report) by 75.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,144 shares of the company's stock after buying an additional 14,677 shares during the period. Byrne Financial Freedom LLC's holdings in Unity Software were worth $669,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Anderson Financial Strategies LLC purchased a new position in shares of Unity Software in the fourth quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Unity Software during the fourth quarter worth about $36,000. Itau Unibanco Holding S.A. increased its holdings in Unity Software by 150.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,778 shares of the company's stock valued at $40,000 after acquiring an additional 1,068 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Unity Software by 144.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company's stock worth $43,000 after acquiring an additional 1,125 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Unity Software by 72.5% during the 1st quarter. GAMMA Investing LLC now owns 2,822 shares of the company's stock valued at $55,000 after buying an additional 1,186 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Trading Up 7.6%

Unity Software stock opened at $26.14 on Monday. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of -23.33 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.74 and a current ratio of 2.74. The company has a 50 day moving average price of $23.21 and a 200 day moving average price of $22.32.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.19. Unity Software had a negative net margin of 25.21% and a negative return on equity of 14.12%. The business had revenue of $435.00 million for the quarter, compared to analysts' expectations of $415.77 million. During the same period in the previous year, the company posted $0.28 EPS. Unity Software's revenue was down 5.5% on a year-over-year basis. Research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current year.

Insider Buying and Selling at Unity Software

In other Unity Software news, SVP Anirma Gupta sold 46,957 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $21.24, for a total transaction of $997,366.68. Following the completion of the sale, the senior vice president owned 644,952 shares of the company's stock, valued at $13,698,780.48. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Bromberg sold 133,072 shares of Unity Software stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $21.24, for a total transaction of $2,826,449.28. Following the completion of the transaction, the chief executive officer directly owned 1,222,812 shares in the company, valued at approximately $25,972,526.88. This represents a 9.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,127,944 shares of company stock worth $27,166,375 in the last ninety days. Company insiders own 3.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group raised Unity Software from a "hold" rating to a "buy" rating and raised their price target for the stock from $22.00 to $29.00 in a research note on Friday, May 30th. UBS Group cut their target price on shares of Unity Software from $30.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus lowered their price target on shares of Unity Software from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wedbush raised Unity Software to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Citigroup raised Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price target on the stock in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.47.

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.

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