EFG International AG Purchases Shares of 258,419 Unity Software Inc. $U

EFG International AG purchased a new position in shares of Unity Software Inc. (NYSE:U) during the second quarter, HoldingsChannel reports. The firm purchased 258,419 shares of the company’s stock, valued at approximately $7,384,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. REAP Financial Group LLC bought a new stake in shares of Unity Software in the 4th quarter valued at about $28,000. Larson Financial Group LLC lifted its stake in shares of Unity Software by 88.1% in the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after acquiring an additional 341 shares during the period. IFP Advisors Inc acquired a new position in shares of Unity Software in the third quarter worth approximately $33,000. International Assets Investment Management LLC bought a new stake in Unity Software in the fourth quarter valued at approximately $36,000. Finally, Cornerstone Planning Group LLC boosted its holdings in Unity Software by 3,953.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock valued at $49,000 after acquiring an additional 1,186 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Unity Software news, COO Alexander Blum sold 2,099 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $27.37, for a total value of $57,449.63. Following the completion of the sale, the chief operating officer owned 727,970 shares of the company’s stock, valued at approximately $19,924,538.90. This trade represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.77% of the company’s stock.

Unity Software Price Performance

Shares of NYSE U opened at $45.12 on Wednesday. The firm has a market capitalization of $19.86 billion, a P/E ratio of -33.18, a P/E/G ratio of 2.02 and a beta of 2.04. The firm’s 50-day moving average price is $34.18 and its 200-day moving average price is $27.35. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.55. Unity Software Inc. has a 1-year low of $16.78 and a 1-year high of $52.15.

Unity Software (NYSE:U) last issued its earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating 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 company 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 business posted $0.18 EPS. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. Equities research analysts anticipate that Unity Software Inc. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on U shares. Deutsche Bank Aktiengesellschaft upgraded shares of Unity Software from a “hold” rating to a “buy” rating and raised their price target for the stock from $31.00 to $50.00 in a report on Friday, August 7th. Wells Fargo & Company upped their price objective on shares of Unity Software from $36.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Piper Sandler increased their price objective on shares of Unity Software from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Citizens Jmp lifted their target price on shares of Unity Software from $37.00 to $45.00 and gave the stock a “market outperform” rating in a research note on Friday, August 7th. Finally, UBS Group restated an “outperform” rating on shares of Unity Software in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Unity Software has an average rating of “Moderate Buy” and an average target price of $45.16.

Unity Software 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.