Susquehanna Fundamental Investments LLC Invests $3.93 Million in Unity Software Inc. (NYSE:U)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Unity Software Inc. (NYSE:U) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 175,066 shares of the company’s stock, valued at approximately $3,934,000.

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 position in Unity Software in the 4th quarter worth about $30,000. Principal Securities Inc. grew its stake in Unity Software by 50.5% in 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 in the last quarter. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 411 shares during the period. Whipplewood Advisors LLC bought a new stake in Unity Software during the 4th quarter valued at $40,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Unity Software by 144.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,902 shares of the company’s stock worth $43,000 after buying an additional 1,125 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

Unity Software Stock Performance

Shares of Unity Software stock opened at $22.13 on Tuesday. The firm has a market capitalization of $9.20 billion, a P/E ratio of -13.17 and a beta of 2.31. Unity Software Inc. has a 52 week low of $13.90 and a 52 week 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. The company has a 50 day moving average price of $21.55 and a 200 day moving average price of $22.02.

Unity Software (NYSE:U) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. The business had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. Sell-side analysts expect that Unity Software Inc. will post -1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on U. Jefferies Financial Group cut their price target on Unity Software from $24.00 to $16.00 and set a “hold” rating on the stock in a research note on Monday, April 7th. Wedbush reissued an “outperform” rating and set a $27.00 target price on shares of Unity Software in a research report on Thursday, February 13th. Hsbc Global Res raised shares of Unity Software to a “strong-buy” rating in a research report on Friday, February 21st. UBS Group cut their price objective on shares of Unity Software from $30.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Finally, Citigroup upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, March 11th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.96.

Insiders Place Their Bets

In other Unity Software news, Director David Helgason sold 38,924 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $26.92, for a total transaction of $1,047,834.08. Following the sale, the director now directly owns 7,828,494 shares of the company’s stock, valued at approximately $210,743,058.48. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Alexander Blum sold 1,479 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were 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 directly owns 495,648 shares of the company’s stock, valued at approximately $12,520,068.48. This trade represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 782,231 shares of company stock valued at $17,933,528. 6.30% of the stock is owned by company insiders.

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.