Erste Asset Management GmbH Has $2.30 Million Stock Holdings in Unity Software Inc. (NYSE:U)

Erste Asset Management GmbH lowered its position in Unity Software Inc. (NYSE:U - Free Report) by 82.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,120 shares of the company's stock after selling 450,000 shares during the quarter. Erste Asset Management GmbH's holdings in Unity Software were worth $2,298,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Unity Software during the 4th quarter worth about $30,000. Principal Securities Inc. lifted its stake in shares of Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after buying an additional 477 shares during the last quarter. Planning Capital Management Corp acquired a new stake in shares of Unity Software during the 3rd quarter worth about $34,000. GAMMA Investing LLC lifted its stake in shares of Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock worth $37,000 after buying an additional 411 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Unity Software during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 73.46% of the company's stock.

Unity Software Price Performance

U stock traded up $0.38 during mid-day trading on Wednesday, hitting $21.53. The stock had a trading volume of 5,708,562 shares, compared to its average volume of 10,568,847. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a 52 week low of $13.90 and a 52 week high of $30.88. The firm has a market capitalization of $8.82 billion, a P/E ratio of -12.82 and a beta of 2.27. The firm has a fifty day simple moving average of $22.62 and a 200 day simple moving average of $22.03.

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Unity Software (NYSE:U - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.05. The firm had revenue of $457.10 million for the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. As a group, research analysts forecast that Unity Software Inc. will post -1.25 EPS for the current year.

Insider Activity at Unity Software

In related news, COO Alexander Blum sold 1,479 shares of Unity Software stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $25.26, for a total transaction of $37,359.54. Following the sale, the chief operating officer now directly owns 495,648 shares of the company's stock, valued at approximately $12,520,068.48. The trade was a 0.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Anirma Gupta sold 31,948 shares of Unity Software stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $25.23, for a total transaction of $806,048.04. Following the sale, the senior vice president now directly owns 542,942 shares in the company, valued at $13,698,426.66. This trade represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 865,236 shares of company stock valued at $20,849,425. 6.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on U. Macquarie began coverage on shares of Unity Software in a research note on Monday, March 10th. They set a "neutral" rating and a $24.00 target price for the company. JMP Securities restated a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. UBS Group raised their price target on shares of Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Citigroup raised shares of Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 price target on the stock in a research report on Tuesday, March 11th. Finally, HSBC raised shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price target on the stock in a research report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Unity Software currently has an average rating of "Moderate Buy" and a consensus target price of $25.61.

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.