Marex Group plc Takes $281,000 Position in Unity Software Inc. $U

Marex Group plc acquired a new position in Unity Software Inc. (NYSE:U) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,630 shares of the company’s stock, valued at approximately $281,000.

A number of other hedge funds also recently bought and sold shares of the company. CX Institutional purchased a new position in Unity Software in the second quarter worth about $25,000. Atlantic Union Bankshares Corp bought a new position in shares of Unity Software in the 2nd quarter worth approximately $28,000. Banque Transatlantique SA purchased a new position in shares of Unity Software in the first quarter worth approximately $28,000. Allworth Financial LP grew its position in Unity Software by 28.4% during the second quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock valued at $45,000 after buying an additional 412 shares during the period. Finally, Assetmark Inc. purchased a new stake in Unity Software during the second quarter valued at approximately $97,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on U. Deutsche Bank Aktiengesellschaft started coverage on shares of Unity Software in a research report on Wednesday, October 22nd. They issued a “hold” rating and a $39.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unity Software in a research report on Wednesday, October 8th. Arete Research upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Monday, December 1st. UBS Group raised their price objective on Unity Software from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Finally, Needham & Company LLC lifted their price objective on Unity Software from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.04.

Unity Software Price Performance

Shares of Unity Software stock opened at $45.30 on Tuesday. The company has a market capitalization of $19.38 billion, a price-to-earnings ratio of -43.14 and a beta of 2.04. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.70. The stock’s 50-day simple moving average is $40.05 and its 200-day simple moving average is $36.15. Unity Software Inc. has a 52 week low of $15.33 and a 52 week high of $52.15.

Unity Software (NYSE:U) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Unity Software had a negative return on equity of 9.45% and a negative net margin of 24.15%.The company had revenue of $470.62 million for the quarter, compared to analysts’ expectations of $452.87 million. During the same period in the previous year, the firm earned ($0.31) EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insider Activity

In other Unity Software news, COO Alexander Blum sold 40,693 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $41.38, for a total transaction of $1,683,876.34. Following the completion of the transaction, the chief operating officer owned 563,118 shares of the company’s stock, valued at $23,301,822.84. This represents a 6.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $37.98, for a total value of $9,495,000.00. Following the completion of the sale, the director directly owned 1,298,146 shares in the company, valued at $49,303,585.08. This trade represents a 16.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,901,471 shares of company stock valued at $85,264,529 in the last quarter. Company insiders own 3.61% of the company’s stock.

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.