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

Marathon Trading Investment Management LLC bought a new position in Unity Software Inc. (NYSE:U) during the 4th quarter, HoldingsChannel reports. The fund bought 70,800 shares of the company’s stock, valued at approximately $1,591,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Unity Software in the 4th quarter worth $30,000. Principal Securities Inc. boosted its holdings in shares of Unity Software by 50.5% during the fourth 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 bought a new stake in shares of Unity Software in the third quarter worth about $34,000. GAMMA Investing LLC grew its stake in shares of Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Unity Software during the 4th quarter valued at about $40,000. 73.46% of the stock is currently owned by institutional investors.

Unity Software Price Performance

Shares of NYSE U opened at $21.58 on Tuesday. The company has a 50 day simple moving average of $22.93 and a two-hundred day simple moving average of $21.86. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $30.88. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of -12.84 and a beta of 2.27. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Unity Software (NYSE:U) last announced its quarterly earnings data 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. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The business had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Analysts expect that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on U shares. Macquarie began coverage on Unity Software in a research report on Monday. They issued a “neutral” rating and a $24.00 price objective on the stock. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Wedbush reissued an “outperform” rating and set a $27.00 price objective on shares of Unity Software in a research report on Thursday, February 13th. Benchmark raised shares of Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company reduced their price target on shares of Unity Software from $27.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday. Ten research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.27.

Insider Transactions at Unity Software

In other Unity Software news, Director Tomer Bar-Zeev sold 236,337 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the sale, the director now directly owns 3,161,809 shares in the company, valued at approximately $75,630,471.28. This trade represents a 6.95 % 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 1,479 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $25.26, for a total value of $37,359.54. Following the completion of the transaction, the chief operating officer now owns 495,648 shares of the company’s stock, valued at $12,520,068.48. This represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 864,537 shares of company stock valued at $20,839,722 in the last quarter. 6.30% of the stock is owned by insiders.

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.