nVerses Capital LLC Purchases 19,600 Shares of Unity Software Inc. (NYSE:U)

nVerses Capital LLC grew its position in shares of Unity Software Inc. (NYSE:U) by 133.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,300 shares of the company’s stock after acquiring an additional 19,600 shares during the quarter. nVerses Capital LLC’s holdings in Unity Software were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Unity Software by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 26,128,209 shares of the company’s stock worth $1,068,382,000 after purchasing an additional 308,412 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Unity Software by 19.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,649 shares of the company’s stock valued at $272,000 after buying an additional 1,064 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in shares of Unity Software during the 1st quarter valued at $4,568,000. TrueMark Investments LLC lifted its position in shares of Unity Software by 13.5% during the 1st quarter. TrueMark Investments LLC now owns 33,877 shares of the company’s stock valued at $905,000 after buying an additional 4,030 shares during the last quarter. Finally, Bouvel Investment Partners LLC lifted its position in shares of Unity Software by 2.7% during the 1st quarter. Bouvel Investment Partners LLC now owns 22,783 shares of the company’s stock valued at $608,000 after buying an additional 597 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

U has been the topic of a number of recent research reports. Piper Sandler reaffirmed a “neutral” rating and set a $17.00 price target (down previously from $25.00) on shares of Unity Software in a research report on Friday, August 9th. Needham & Company LLC dropped their price target on Unity Software from $31.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Wedbush upped their price target on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Morgan Stanley upgraded Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research note on Tuesday, September 3rd. Finally, The Goldman Sachs Group decreased their price objective on Unity Software from $26.00 to $22.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.21.

Insider Transactions at Unity Software

In other news, SVP Anirma Gupta sold 1,506 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $16.73, for a total transaction of $25,195.38. Following the transaction, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at approximately $6,851,604.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Anirma Gupta sold 1,506 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $16.73, for a total value of $25,195.38. Following the transaction, the senior vice president now directly owns 409,540 shares of the company’s stock, valued at $6,851,604.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Felix The sold 30,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total value of $536,700.00. Following the completion of the transaction, the senior vice president now directly owns 423,679 shares in the company, valued at approximately $7,579,617.31. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 283,106 shares of company stock valued at $5,739,195. Corporate insiders own 6.30% of the company’s stock.

Unity Software Trading Down 3.9 %

NYSE U traded down $0.86 on Thursday, hitting $20.93. The company’s stock had a trading volume of 2,560,250 shares, compared to its average volume of 10,489,874. Unity Software Inc. has a 52-week low of $13.90 and a 52-week high of $43.54. The company’s 50-day simple moving average is $18.90 and its 200 day simple moving average is $19.42. The firm has a market cap of $8.31 billion, a P/E ratio of -10.63 and a beta of 2.28. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last posted its earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.12. The company had revenue of $449.30 million during the quarter, compared to analyst estimates of $438.37 million. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. Unity Software’s revenue was down 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.26) earnings per share. Research analysts predict that Unity Software Inc. will post -1.86 EPS for the current fiscal year.

Unity Software Company 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.