Stephens Investment Management Group LLC Has $69.33 Million Position in Unity Software Inc. $U

Stephens Investment Management Group LLC lifted its position in shares of Unity Software Inc. (NYSE:U) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,569,541 shares of the company’s stock after buying an additional 183,315 shares during the period. Stephens Investment Management Group LLC’s holdings in Unity Software were worth $69,327,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of U. Stephens Inc. AR boosted its position in Unity Software by 18.9% during the fourth quarter. Stephens Inc. AR now owns 14,062 shares of the company’s stock valued at $621,000 after purchasing an additional 2,236 shares during the last quarter. DNB Asset Management AS boosted its position in Unity Software by 11.6% during the fourth quarter. DNB Asset Management AS now owns 6,238 shares of the company’s stock valued at $276,000 after purchasing an additional 650 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in Unity Software by 111.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 7,549 shares of the company’s stock valued at $333,000 after purchasing an additional 3,971 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in Unity Software during the fourth quarter valued at approximately $1,112,000. Finally, Bailard Inc. acquired a new position in Unity Software during the fourth quarter valued at approximately $200,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Unity Software news, COO Alexander Blum sold 10,164 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total transaction of $183,663.48. Following the transaction, the chief operating officer owned 550,966 shares in the company, valued at $9,955,955.62. This trade represents a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jarrod Yahes sold 12,196 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total value of $220,381.72. Following the transaction, the chief financial officer owned 533,933 shares in the company, valued at approximately $9,648,169.31. This trade represents a 2.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 41,684 shares of company stock worth $773,350 in the last 90 days. Company insiders own 0.77% of the company’s stock.

Unity Software Price Performance

Shares of NYSE U opened at $27.21 on Friday. The firm has a market cap of $11.88 billion, a P/E ratio of -17.33, a price-to-earnings-growth ratio of 8.49 and a beta of 2.04. The company has a current ratio of 1.95, a quick ratio of 1.84 and a debt-to-equity ratio of 0.56. Unity Software Inc. has a 1-year low of $16.78 and a 1-year high of $52.15. The business’s 50 day moving average is $23.01 and its 200-day moving average is $32.22.

Unity Software (NYSE:U) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Unity Software had a negative return on equity of 1.30% and a negative net margin of 34.99%.The firm had revenue of $503.09 million for the quarter, compared to analyst estimates of $490.64 million. During the same quarter last year, the company earned ($0.30) EPS. The company’s revenue was up 10.1% on a year-over-year basis. Equities research analysts predict that Unity Software Inc. will post 0.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Unity Software from $29.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Barclays boosted their target price on shares of Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Citigroup lowered their target price on shares of Unity Software from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Unity Software in a report on Wednesday, January 21st. Finally, Citizens Jmp restated a “market outperform” rating and set a $37.00 target price on shares of Unity Software in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.77.

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.