Edmond DE Rothschild Holding S.A. Purchases New Holdings in Unity Software Inc. $U

Key Points

• Edmond DE Rothschild Holding acquired 25,000 Unity Software shares worth approximately $714,000 in the second quarter. Institutional investors collectively own 73.46% of Unity’s outstanding stock.
• Unity reported quarterly revenue of $546.47 million, up 24% year over year and above analyst expectations, while adjusted EPS of $0.28 beat estimates by $0.39.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $45.16. Shares opened at $46.45, after trading between $16.78 and $52.15 over the past year.

Edmond DE Rothschild Holding S.A. acquired a new position in shares of Unity Software Inc. (NYSE:U - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,000 shares of the company's stock, valued at approximately $714,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of U. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Unity Software by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 813,176 shares of the company's stock valued at $15,930,000 after purchasing an additional 45,481 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Unity Software in the 1st quarter worth approximately $260,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Unity Software by 28.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,542 shares of the company's stock worth $134,000 after buying an additional 1,241 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Unity Software by 11.3% in the 2nd quarter. California Public Employees Retirement System now owns 520,774 shares of the company's stock worth $12,603,000 after buying an additional 53,015 shares during the last quarter. Finally, Sei Investments Co. increased its position in Unity Software by 1,135.6% during the 2nd quarter. Sei Investments Co. now owns 224,715 shares of the company's stock valued at $5,438,000 after buying an additional 206,529 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company's stock.

Unity Software Price Performance

Shares of NYSE U opened at $46.45 on Friday. Unity Software Inc. has a twelve month low of $16.78 and a twelve month high of $52.15. The firm has a market cap of $20.44 billion, a P/E ratio of -34.15, a PEG ratio of 2.06 and a beta of 2.04. The company has a 50 day moving average of $33.09 and a 200 day moving average of $26.93. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.39. Unity Software had a positive return on equity of 4.64% and a negative net margin of 28.97%.The business had revenue of $546.47 million for the quarter, compared to analysts' expectations of $514.72 million. During the same period in the prior year, the firm posted $0.18 EPS. The firm's quarterly revenue was up 24.0% on a year-over-year basis. As a group, research analysts expect that Unity Software Inc. will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on U shares. Raymond James Financial initiated coverage on Unity Software in a research note on Monday, June 29th. They set a "market perform" rating for the company. UBS Group restated an "outperform" rating on shares of Unity Software in a report on Friday, August 7th. Needham & Company LLC lifted their price target on Unity Software from $40.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Citigroup lifted their price target on Unity Software from $40.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Finally, Zacks Research upgraded shares of Unity Software from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $45.16.

Insider Transactions at Unity Software

In related news, CAO Mark Barrysmith sold 13,247 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $360,053.46. Following the sale, the chief accounting officer directly owned 370,654 shares of the company's stock, valued at $10,074,375.72. This trade represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew S. Bromberg sold 138,993 shares of Unity Software stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total value of $3,777,829.74. Following the completion of the sale, the chief executive officer owned 1,557,514 shares of the company's stock, valued at $42,333,230.52. The trade was a 8.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 198,321 shares of company stock valued at $5,390,783. Insiders own 0.77% of the company's stock.

Unity Software Profile

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity's technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company's core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.

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