12,541 Shares in Unity Software Inc. $U Bought by MBL Wealth LLC

MBL Wealth LLC purchased a new position in Unity Software Inc. (NYSE:U) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,541 shares of the company’s stock, valued at approximately $513,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new position in shares of Unity Software in the 3rd quarter worth about $146,000. Reyes Financial Architecture Inc. bought a new stake in Unity Software in the 3rd quarter worth about $62,000. Quadrant Capital Group LLC bought a new stake in shares of Unity Software in the third quarter worth approximately $209,000. Pinnacle Associates Ltd. purchased a new stake in Unity Software during the 3rd quarter valued at $266,000. Finally, Nisa Investment Advisors LLC increased its position in Unity Software by 24.5% during the third quarter. Nisa Investment Advisors LLC now owns 8,903 shares of the company’s stock valued at $364,000 after acquiring an additional 1,750 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Insider Transactions at Unity Software

In related news, SVP Rebecca Boyden sold 1,032 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $45.32, for a total value of $46,770.24. Following the completion of the transaction, the senior vice president directly owned 308,413 shares of the company’s stock, valued at $13,977,277.16. This trade represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Alexander Blum sold 43,556 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $43.51, for a total transaction of $1,895,121.56. Following the completion of the transaction, the chief operating officer directly owned 661,855 shares of the company’s stock, valued at approximately $28,797,311.05. This represents a 6.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 109,547 shares of company stock worth $4,884,202 over the last quarter. 0.77% of the stock is owned by corporate insiders.

Unity Software Trading Up 1.5%

U stock opened at $40.87 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55. Unity Software Inc. has a twelve month low of $16.78 and a twelve month high of $52.15. The stock has a market capitalization of $17.98 billion, a price-to-earnings ratio of -30.05, a price-to-earnings-growth ratio of 1.79 and a beta of 2.11. The firm’s fifty day simple moving average is $43.18 and its two-hundred day simple moving average is $34.06.

Unity Software (NYSE:U) last released its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.39. Unity Software had a positive return on equity of 4.64% and a negative net margin of 28.97%. The business had revenue of $546.47 million during the quarter, compared to the consensus estimate of $514.72 million. During the same period last year, the company earned $0.18 earnings per share. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. As a group, analysts anticipate that Unity Software Inc. will post 0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

U has been the topic of several research reports. Weiss Ratings raised Unity Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th. Citigroup upped their price target on Unity Software from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Zacks Research cut Unity Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Raymond James Financial upgraded shares of Unity Software from a “market perform” rating to an “outperform” rating and set a $54.00 target price on the stock in a research note on Thursday, October 8th. Finally, Benchmark raised Unity Software from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.01.

About Unity Software

Unity Software Inc develops software and services for creating, operating and monetizing interactive, real-time content. Its core product is the Unity engine, a development platform used to build video games and experiences for mobile devices, personal computers, consoles, augmented and virtual reality systems, and other platforms.

The company also provides tools and services that support the development and operation of interactive applications, including collaboration and cloud-based development tools, multiplayer and voice communication capabilities, analytics, advertising, and in-app monetization solutions.