Marathon Trading Investment Management LLC Takes Position in Unity Software Inc. (NYSE:U)

Marathon Trading Investment Management LLC purchased a new position in shares of Unity Software Inc. (NYSE:U) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 70,800 shares of the company’s stock, valued at approximately $1,591,000.

A number of other hedge funds have also bought and sold shares of U. R Squared Ltd purchased a new position in Unity Software in the fourth quarter valued at about $30,000. Principal Securities Inc. raised its holdings in shares of Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after purchasing an additional 477 shares during the period. Planning Capital Management Corp purchased a new position in Unity Software in the third quarter valued at approximately $34,000. GAMMA Investing LLC grew its holdings in Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in Unity Software in the fourth quarter worth $40,000. 73.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on U shares. UBS Group upped their price target on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. HSBC upgraded shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Friday, February 21st. Wedbush reissued an “outperform” rating and issued a $27.00 price target on shares of Unity Software in a research report on Thursday, February 13th. Wells Fargo & Company cut their price objective on shares of Unity Software from $27.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Jefferies Financial Group lifted their price objective on shares of Unity Software from $23.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.27.

Unity Software Price Performance

Unity Software stock opened at $21.58 on Tuesday. The business has a 50-day simple moving average of $22.93 and a 200 day simple moving average of $21.86. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of -12.84 and a beta of 2.27. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.05. The company had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. On average, research analysts forecast that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insider Transactions at Unity Software

In related news, CAO Mark Barrysmith sold 1,362 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total transaction of $29,841.42. Following the transaction, the chief accounting officer now owns 452,276 shares of the company’s stock, valued at approximately $9,909,367.16. This trade represents a 0.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the completion of the sale, the director now directly owns 3,648,146 shares of the company’s stock, valued at $91,276,612.92. This represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 864,537 shares of company stock valued at $20,839,722. Insiders own 6.30% of the company’s stock.

About Unity Software

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.