Baader Bank Aktiengesellschaft Acquires Shares of 25,270 Unity Software Inc. $U

Baader Bank Aktiengesellschaft purchased a new position in Unity Software Inc. (NYSE:U) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,270 shares of the company’s stock, valued at approximately $1,112,000.

A number of other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in shares of Unity Software in the 3rd quarter valued at $27,000. Larson Financial Group LLC grew its holdings in shares of Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after buying an additional 341 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Unity Software during the 4th quarter worth approximately $30,000. IFP Advisors Inc acquired a new position in Unity Software during the third quarter worth $33,000. Finally, International Assets Investment Management LLC acquired a new position in Unity Software during the fourth quarter worth $36,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Trading Up 1.5%

U stock opened at $27.29 on Friday. Unity Software Inc. has a one year low of $16.78 and a one year high of $52.15. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of -17.38, a price-to-earnings-growth ratio of 8.41 and a beta of 2.04. The company has a fifty day moving average price of $22.87 and a two-hundred day moving average price of $32.26. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.84.

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

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Bank of America lifted their price target on shares of Unity Software from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, March 27th. Wedbush raised their price objective on Unity Software from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Benchmark reaffirmed a “hold” rating on shares of Unity Software in a research report on Monday, February 2nd. BTIG Research upped their target price on Unity Software from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Barclays increased their price target on Unity Software from $28.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Unity Software currently has a consensus rating of “Moderate Buy” and a consensus 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.