Unity Software Inc. (NYSE:U) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in shares of Unity Software Inc. (NYSE:U) by 20.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,158,279 shares of the company’s stock after acquiring an additional 193,024 shares during the quarter. Van ECK Associates Corp’s holdings in Unity Software were worth $47,362,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new stake in Unity Software during the fourth quarter worth about $27,000. Huntington National Bank boosted its holdings in Unity Software by 665.0% during the third quarter. Huntington National Bank now owns 895 shares of the company’s stock worth $28,000 after buying an additional 778 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Unity Software during the fourth quarter worth about $28,000. Pacifica Partners Inc. purchased a new stake in Unity Software during the fourth quarter worth about $33,000. Finally, Psagot Value Holdings Ltd. Israel purchased a new stake in Unity Software during the third quarter worth about $48,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total transaction of $6,647,500.00. Following the completion of the transaction, the director now directly owns 4,498,146 shares of the company’s stock, valued at approximately $119,605,702.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Unity Software news, SVP Felix The sold 4,374 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.55, for a total transaction of $142,373.70. Following the completion of the transaction, the senior vice president now directly owns 298,948 shares of the company’s stock, valued at approximately $9,730,757.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $26.59, for a total transaction of $6,647,500.00. Following the completion of the transaction, the director now directly owns 4,498,146 shares of the company’s stock, valued at $119,605,702.14. The disclosure for this sale can be found here. In the last three months, insiders sold 340,967 shares of company stock valued at $9,552,515. Corporate insiders own 9.00% of the company’s stock.

Unity Software Stock Down 2.0 %

U traded down $0.51 during trading hours on Tuesday, reaching $24.48. 1,878,967 shares of the stock traded hands, compared to its average volume of 9,691,230. The firm’s fifty day simple moving average is $26.63 and its two-hundred day simple moving average is $30.39. The company has a market cap of $9.57 billion, a price-to-earnings ratio of -11.56 and a beta of 2.42. Unity Software Inc. has a fifty-two week low of $22.20 and a fifty-two week high of $50.08. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.60 and a quick ratio of 2.60.

Unity Software (NYSE:U) last released its quarterly earnings results on Monday, February 26th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.89). The firm had revenue of $609.27 million for the quarter, compared to analyst estimates of $551.01 million. Unity Software had a negative net margin of 37.64% and a negative return on equity of 10.14%. Unity Software’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.50) earnings per share. As a group, analysts forecast that Unity Software Inc. will post -0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on U. Barclays decreased their price objective on shares of Unity Software from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 27th. Macquarie downgraded shares of Unity Software from a “neutral” rating to an “underperform” rating and set a $20.00 price target on the stock. in a report on Monday, February 12th. Stifel Nicolaus upped their price target on shares of Unity Software from $32.00 to $35.00 and gave the company a “buy” rating in a report on Friday, March 1st. Needham & Company LLC reduced their price target on shares of Unity Software from $40.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. Finally, The Goldman Sachs Group upped their price target on shares of Unity Software from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Unity Software presently has an average rating of “Hold” and a consensus price target of $37.03.

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.