Universal Beteiligungs und Servicegesellschaft mbH Takes $5.73 Million Position in Unity Software Inc. (NYSE:U)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $5.73 million in Unity Software Inc. by acquiring 292,689 shares, representing a 0.07% ownership stake.
• In recent transactions, director David Helgason sold 261,473 shares of Unity stock, reducing his holdings by 3.37%, while insiders collectively sold over 1.27 million shares valued at over $31 million in the last quarter.
• Analysts have raised price targets for Unity Software, with UBS increasing its target from $22 to $33 and Citigroup from $29 to $44, reflecting a generally optimistic outlook despite recent mixed earnings reports.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Unity Software Inc. (NYSE:U - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 292,689 shares of the company's stock, valued at approximately $5,734,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of Unity Software as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. grew its stake in Unity Software by 3.8% during the 1st quarter. Victory Capital Management Inc. now owns 37,411 shares of the company's stock worth $733,000 after buying an additional 1,369 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in Unity Software by 8.1% during the 1st quarter. SBI Securities Co. Ltd. now owns 82,416 shares of the company's stock worth $1,615,000 after buying an additional 6,152 shares in the last quarter. Signaturefd LLC grew its position in shares of Unity Software by 26.3% in the first quarter. Signaturefd LLC now owns 3,658 shares of the company's stock valued at $72,000 after purchasing an additional 762 shares in the last quarter. CWM LLC grew its position in Unity Software by 319.2% in the first quarter. CWM LLC now owns 47,814 shares of the company's stock worth $937,000 after acquiring an additional 36,409 shares during the period. Finally, Stephens Investment Management Group LLC acquired a new position in Unity Software during the first quarter worth $16,175,000. 73.46% of the stock is owned by institutional investors.

Unity Software Trading Down 3.0%

Unity Software stock traded down $0.99 during midday trading on Tuesday, reaching $32.50. The stock had a trading volume of 7,336,665 shares, compared to its average volume of 12,127,834. The firm's fifty day simple moving average is $26.60 and its two-hundred day simple moving average is $23.34. The firm has a market cap of $13.51 billion, a price-to-earnings ratio of -29.02 and a beta of 2.29. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $38.96. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.74 and a quick ratio of 2.74.

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

Insider Activity

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $26.39, for a total transaction of $6,597,500.00. Following the completion of the transaction, the director owned 2,398,146 shares in the company, valued at approximately $63,287,072.94. This represents a 9.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew S. Bromberg sold 133,072 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $21.24, for a total transaction of $2,826,449.28. Following the transaction, the chief executive officer owned 1,222,812 shares of the company's stock, valued at $25,972,526.88. The trade was a 9.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,276,809 shares of company stock valued at $31,561,623. 3.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on U. Stifel Nicolaus cut their price target on Unity Software from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Bank of America started coverage on Unity Software in a report on Thursday, June 26th. They set an "underperform" rating and a $15.00 price objective on the stock. Barclays lowered their price target on Unity Software from $26.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Morgan Stanley lowered their price target on Unity Software from $32.00 to $25.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Needham & Company LLC lowered their price target on Unity Software from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $27.22.

About Unity Software

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.