Focus Partners Advisor Solutions LLC Purchases New Holdings in Unity Software Inc. $U

Focus Partners Advisor Solutions LLC acquired a new position in shares of Unity Software Inc. (NYSE:U - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 30,142 shares of the company's stock, valued at approximately $861,000.

Other institutional investors also recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in shares of Unity Software during the 2nd quarter valued at approximately $1,370,000. Bridgewater Advisors Inc. acquired a new stake in shares of Unity Software during the second quarter worth approximately $413,000. Handelsbanken Fonder AB increased its stake in shares of Unity Software by 12.2% in the second quarter. Handelsbanken Fonder AB now owns 104,100 shares of the company's stock worth $2,975,000 after buying an additional 11,300 shares during the last quarter. Elevation Wealth Partners LLC raised its holdings in Unity Software by 105.2% in the second quarter. Elevation Wealth Partners LLC now owns 2,286 shares of the company's stock valued at $65,000 after acquiring an additional 1,172 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Unity Software in the second quarter valued at $757,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wedbush raised their price objective on shares of Unity Software from $32.00 to $36.00 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. Bank of America upgraded shares of Unity Software from a "neutral" rating to a "buy" rating and upped their target price for the company from $30.00 to $50.00 in a research note on Friday, August 7th. Wells Fargo & Company increased their price target on shares of Unity Software from $36.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Raymond James Financial started coverage on Unity Software in a research note on Monday, June 29th. They issued a "market perform" rating for the company. Finally, Needham & Company LLC boosted their price objective on Unity Software from $40.00 to $54.00 and gave the company a "buy" rating in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $45.16.

Unity Software Price Performance

NYSE U opened at $45.45 on Tuesday. Unity Software Inc. has a 52 week low of $16.78 and a 52 week high of $52.15. 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 stock has a market cap of $20.00 billion, a price-to-earnings ratio of -33.42, a price-to-earnings-growth ratio of 3.16 and a beta of 2.04. The company has a 50-day moving average price of $31.91 and a two-hundred day moving average price of $26.70.

Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.39. The company had revenue of $546.47 million for the quarter, compared to analysts' expectations of $514.72 million. Unity Software had a positive return on equity of 4.64% and a negative net margin of 28.97%.The business's revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. Analysts forecast that Unity Software Inc. will post 0.35 EPS for the current year.

Insider Transactions at Unity Software

In other Unity Software news, COO Alexander Blum sold 2,099 shares of the business's stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $27.37, for a total transaction of $57,449.63. Following the completion of the transaction, the chief operating officer owned 727,970 shares in the company, valued at approximately $19,924,538.90. The trade was a 0.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 value of $360,053.46. Following the completion of the transaction, the chief accounting officer directly owned 370,654 shares of the company's stock, valued at approximately $10,074,375.72. The trade was a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 198,321 shares of company stock worth $5,390,783 over the last quarter. Insiders own 0.77% of the company's stock.

Unity Software Company 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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