70,800 Shares in Unity Software Inc. (NYSE:U) Acquired by Marathon Trading Investment Management LLC

Marathon Trading Investment Management LLC purchased a new stake in Unity Software Inc. (NYSE:U - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 70,800 shares of the company's stock, valued at approximately $1,591,000.

Other large investors have also added to or reduced their stakes in the company. Ariose Capital Management Ltd purchased a new position in Unity Software during the fourth quarter valued at $2,299,000. Charles Schwab Investment Management Inc. lifted its position in Unity Software by 100.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock valued at $42,662,000 after buying an additional 944,709 shares during the period. CIBC Asset Management Inc lifted its position in Unity Software by 2,665.4% during the third quarter. CIBC Asset Management Inc now owns 342,472 shares of the company's stock valued at $7,747,000 after buying an additional 330,088 shares during the period. LMR Partners LLP purchased a new position in Unity Software during the third quarter valued at $611,000. Finally, Edgestream Partners L.P. lifted its position in Unity Software by 637.9% during the third quarter. Edgestream Partners L.P. now owns 102,899 shares of the company's stock valued at $2,328,000 after buying an additional 88,955 shares during the period. Institutional investors own 73.46% of the company's stock.

Unity Software Stock Performance

Shares of Unity Software stock traded down $0.79 during trading hours on Thursday, reaching $20.72. 2,458,773 shares of the stock traded hands, compared to its average volume of 12,593,435. The company has a 50 day moving average price of $22.88 and a 200 day moving average price of $21.88. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of -12.35 and a beta of 2.27. Unity Software Inc. has a one year low of $13.90 and a one year high of $30.88. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

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Unity Software (NYSE:U - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.05. The business had revenue of $457.10 million during the quarter, compared to the consensus estimate 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, equities research analysts expect that Unity Software Inc. will post -1.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Unity Software

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 3,648,146 shares in the company, valued at approximately $91,276,612.92. The trade was a 6.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mark Barrysmith sold 1,362 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 864,537 shares of company stock worth $20,839,722 in the last three months. 6.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on U shares. Morgan Stanley lifted their price target on Unity Software from $26.00 to $32.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Barclays lifted their price target on Unity Software from $18.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Macquarie started coverage on Unity Software in a research report on Monday. They issued a "neutral" rating and a $24.00 price target for the company. UBS Group lifted their price target on Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Finally, Citizens Jmp raised Unity Software from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.