MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Position in Unity Software Inc. (NYSE:U)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its stake in Unity Software Inc. (NYSE:U - Free Report) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 249,828 shares of the company's stock after selling 16,054 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Unity Software worth $5,614,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of U. Avanza Fonder AB acquired a new stake in Unity Software in the fourth quarter valued at $732,000. Ariose Capital Management Ltd acquired a new stake in Unity Software in the fourth quarter valued at $2,299,000. Encompass More Asset Management acquired a new stake in Unity Software during the 4th quarter worth about $1,501,000. SteelPeak Wealth LLC acquired a new stake in Unity Software during the 4th quarter worth about $221,000. Finally, R Squared Ltd acquired a new stake in Unity Software during the 4th quarter worth about $30,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Unity Software Stock Down 5.1%

NYSE U traded down $1.11 during trading hours on Friday, hitting $20.75. The company's stock had a trading volume of 9,571,391 shares, compared to its average volume of 10,983,025. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The company has a market capitalization of $8.63 billion, a PE ratio of -12.35 and a beta of 2.29. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The company's 50-day simple moving average is $20.57 and its two-hundred day simple moving average is $22.07.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.19. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $435.00 million for the quarter, compared to analysts' expectations of $415.77 million. During the same quarter last year, the firm earned $0.28 EPS. The firm's revenue for the quarter was down 5.5% compared to the same quarter last year. Research analysts anticipate that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on U. Barclays decreased their price target on Unity Software from $26.00 to $25.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. JMP Securities reiterated a "market perform" rating on shares of Unity Software in a report on Monday, February 3rd. Macquarie began coverage on Unity Software in a report on Monday, March 10th. They set a "neutral" rating and a $24.00 price target for the company. Stifel Nicolaus decreased their price target on Unity Software from $35.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, HSBC upgraded Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price target for the company in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $24.21.

Insider Activity at Unity Software

In other Unity Software news, COO Alexander Blum sold 1,479 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $25.26, for a total value of $37,359.54. Following the completion of the sale, the chief operating officer now owns 495,648 shares in the company, valued at approximately $12,520,068.48. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Mark Barrysmith sold 12,019 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $25.42, for a total transaction of $305,522.98. Following the completion of the sale, the chief accounting officer now owns 438,862 shares of the company's stock, valued at approximately $11,155,872.04. This trade represents a 2.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 698,452 shares of company stock valued at $15,903,500. 6.30% of the stock is owned by corporate 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.