Stephens Investment Management Group LLC Has $55.50 Million Stake in Unity Software Inc. $U

Stephens Investment Management Group LLC cut its position in shares of Unity Software Inc. (NYSE:U) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,386,226 shares of the company’s stock after selling 80,408 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.33% of Unity Software worth $55,504,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in U. Salem Investment Counselors Inc. purchased a new stake in Unity Software in the third quarter worth $40,000. CX Institutional bought a new position in shares of Unity Software in the second quarter worth approximately $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Unity Software during the 2nd quarter worth $28,000. Roxbury Financial LLC bought a new position in Unity Software during the third quarter valued at approximately $60,000. Finally, Allworth Financial LP lifted its stake in Unity Software by 28.4% in the second quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock worth $45,000 after purchasing an additional 412 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Price Performance

Shares of U opened at $40.96 on Friday. 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 business’s fifty day moving average is $43.73 and its 200 day moving average is $39.38. The stock has a market cap of $17.53 billion, a P/E ratio of -39.01, a P/E/G ratio of 46.10 and a beta of 2.04. Unity Software Inc. has a 12-month low of $15.33 and a 12-month high of $52.15.

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

Insider Buying and Selling

In other news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $37.98, for a total transaction of $9,495,000.00. Following the sale, the director owned 1,298,146 shares of the company’s stock, valued at approximately $49,303,585.08. The trade was a 16.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Alexander Blum sold 40,693 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $41.38, for a total value of $1,683,876.34. Following the completion of the sale, the chief operating officer directly owned 563,118 shares in the company, valued at approximately $23,301,822.84. This represents a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,647,935 shares of company stock valued at $75,174,498 over the last quarter. Company insiders own 3.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Arete Research raised 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. Barclays lifted their price target on shares of Unity Software from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Wedbush boosted their target price on shares of Unity Software from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Wall Street Zen raised shares of Unity Software from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Unity Software in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.27.

Unity Software Company 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.