Unity Software Inc. $U Shares Acquired by Rip Road Capital Partners LP

Key Points

• Rip Road Capital Partners LP increased its stake in Unity Software Inc. by 23%, now holding 123,000 shares valued at approximately $2.41 million.
• Analysts have mixed perspectives on Unity Software, with price targets ranging from $15 to $44, and a consensus rating of "Moderate Buy".
• Insider trading shows significant activity, with the CFO selling nearly 30,000 shares and a director selling 150,000 shares, indicating changes in insider ownership.

Rip Road Capital Partners LP raised its stake in shares of Unity Software Inc. (NYSE:U - Free Report) by 23.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,000 shares of the company's stock after acquiring an additional 23,000 shares during the period. Unity Software makes up 2.7% of Rip Road Capital Partners LP's holdings, making the stock its 16th biggest holding. Rip Road Capital Partners LP's holdings in Unity Software were worth $2,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Nissay Asset Management Corp Japan ADV increased its position in shares of Unity Software by 12.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 37,959 shares of the company's stock valued at $744,000 after acquiring an additional 4,155 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Unity Software by 3.2% during the first quarter. Integrated Wealth Concepts LLC now owns 88,927 shares of the company's stock valued at $1,742,000 after acquiring an additional 2,743 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in shares of Unity Software during the first quarter valued at about $5,486,000. Gotham Asset Management LLC increased its position in shares of Unity Software by 6.1% during the first quarter. Gotham Asset Management LLC now owns 625,153 shares of the company's stock valued at $12,247,000 after acquiring an additional 35,694 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its position in shares of Unity Software by 57.7% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,088,003 shares of the company's stock valued at $40,904,000 after acquiring an additional 763,570 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on U. Wall Street Zen upgraded shares of Unity Software from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. UBS Group raised their price objective on shares of Unity Software from $22.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Jefferies Financial Group raised their price objective on shares of Unity Software from $29.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. BTIG Research lowered shares of Unity Software from a "neutral" rating to a "sell" rating and set a $25.00 price objective for the company. in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Unity Software from $24.00 to $29.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 150,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $37.75, for a total transaction of $5,662,500.00. Following the sale, the director owned 1,948,146 shares of the company's stock, valued at approximately $73,542,511.50. This trade represents a 7.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Alexander Blum sold 63,813 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $39.41, for a total transaction of $2,514,870.33. Following the sale, the chief operating officer directly owned 603,811 shares in the company, valued at approximately $23,796,191.51. The trade was a 9.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 631,485 shares of company stock valued at $22,467,277 in the last quarter. Company insiders own 3.61% of the company's stock.

Unity Software Stock Up 0.0%

Unity Software stock traded up $0.01 during trading on Tuesday, reaching $45.51. The stock had a trading volume of 9,743,875 shares, compared to its average volume of 11,819,678. Unity Software Inc. has a 52-week low of $15.33 and a 52-week high of $45.83. The business has a 50 day moving average price of $35.04 and a 200 day moving average price of $26.63. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.70. The stock has a market cap of $19.23 billion, a PE ratio of -42.93 and a beta of 2.33.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.01). Unity Software had a negative return on equity of 13.59% and a negative net margin of 24.38%.The firm had revenue of $440.94 million during the quarter, compared to analysts' expectations of $425.18 million. During the same quarter in the prior year, the firm earned ($0.32) EPS. The firm's revenue was down 1.9% compared to the same quarter last year. On average, analysts predict that Unity Software Inc. will post -1.25 EPS for the current year.

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.