Vontobel Holding Ltd. Increases Stake in Unity Software Inc. (NYSE:U)

Vontobel Holding Ltd. grew its stake in shares of Unity Software Inc. (NYSE:U) by 8.9% in the third quarter, HoldingsChannel.com reports. The firm owned 30,582 shares of the company’s stock after buying an additional 2,487 shares during the quarter. Vontobel Holding Ltd.’s holdings in Unity Software were worth $692,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Tradewinds Capital Management LLC grew its stake in shares of Unity Software by 245.6% in the first quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Unity Software by 2,429.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock worth $28,000 after buying an additional 996 shares during the period. GAMMA Investing LLC grew its position in shares of Unity Software by 343.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after buying an additional 949 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Unity Software by 163.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of Unity Software by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 2,338 shares of the company’s stock valued at $62,000 after acquiring an additional 562 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on U shares. Morgan Stanley raised shares of Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research report on Tuesday, September 3rd. Piper Sandler reiterated a “neutral” rating and set a $17.00 price target (down previously from $25.00) on shares of Unity Software in a research report on Friday, August 9th. Needham & Company LLC lowered their price objective on shares of Unity Software from $31.00 to $23.00 and set a “buy” rating for the company in a report on Friday, August 9th. Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a research report on Friday. Finally, Macquarie increased their target price on Unity Software from $12.00 to $15.00 and gave the stock an “underperform” rating in a research report on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $23.63.

Insider Activity

In other Unity Software news, SVP Felix The sold 30,000 shares of Unity Software stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the sale, the senior vice president now owns 423,679 shares of the company’s stock, valued at approximately $7,579,617.31. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Felix The sold 30,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the sale, the senior vice president now owns 423,679 shares of the company’s stock, valued at $7,579,617.31. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David Helgason sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $20.59, for a total transaction of $5,147,500.00. Following the transaction, the director now directly owns 8,201,851 shares of the company’s stock, valued at $168,876,112.09. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 283,106 shares of company stock worth $5,739,195 over the last 90 days. 6.30% of the stock is currently owned by insiders.

Unity Software Trading Down 1.1 %

Unity Software stock opened at $21.87 on Tuesday. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $43.54. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70. The business’s fifty day simple moving average is $19.31 and its two-hundred day simple moving average is $19.29. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of -9.76 and a beta of 2.28.

Unity Software (NYSE:U) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.12. The company had revenue of $449.30 million for the quarter, compared to analysts’ expectations of $438.37 million. Unity Software had a negative net margin of 38.52% and a negative return on equity of 8.78%. Unity Software’s revenue was down 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.26) EPS. As a group, equities analysts predict that Unity Software Inc. will post -1.86 earnings per share for the current fiscal year.

Unity Software 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.