B.O.S.S. Retirement Advisors LLC Acquires 722 Shares of Unity Software Inc. (NYSE:U)

B.O.S.S. Retirement Advisors LLC grew its holdings in shares of Unity Software Inc. (NYSE:U) by 4.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 16,852 shares of the company’s stock after buying an additional 722 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Unity Software were worth $732,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its stake in Unity Software by 1,852.1% in the first quarter. Tower Research Capital LLC TRC now owns 29,047 shares of the company’s stock worth $942,000 after purchasing an additional 27,559 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Unity Software by 39.8% in the first quarter. Janney Montgomery Scott LLC now owns 17,797 shares of the company’s stock worth $577,000 after purchasing an additional 5,071 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Unity Software in the fourth quarter worth approximately $87,000. KBC Group NV grew its stake in Unity Software by 777.5% in the first quarter. KBC Group NV now owns 107,734 shares of the company’s stock worth $3,495,000 after purchasing an additional 95,456 shares in the last quarter. Finally, Sepio Capital LP grew its stake in Unity Software by 5.4% in the first quarter. Sepio Capital LP now owns 10,180 shares of the company’s stock worth $330,000 after purchasing an additional 520 shares in the last quarter. Institutional investors own 64.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Credit Suisse Group dropped their price objective on Unity Software from $66.00 to $61.00 and set an “outperform” rating on the stock in a research note on Thursday, August 3rd. Bank of America upgraded Unity Software from a “neutral” rating to a “buy” rating and upped their target price for the stock from $46.00 to $56.00 in a report on Friday. Stifel Nicolaus upped their target price on Unity Software from $40.00 to $50.00 in a report on Thursday, August 3rd. Piper Sandler upped their target price on Unity Software from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. Finally, The Goldman Sachs Group upped their target price on Unity Software from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.69.

Insiders Place Their Bets

In other Unity Software news, CMO Carol W. Carpenter sold 2,000 shares of Unity Software stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $43.50, for a total transaction of $87,000.00. Following the completion of the sale, the chief marketing officer now owns 387,928 shares of the company’s stock, valued at approximately $16,874,868. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Unity Software news, CMO Carol W. Carpenter sold 2,000 shares of Unity Software stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $43.50, for a total transaction of $87,000.00. Following the completion of the sale, the chief marketing officer now owns 387,928 shares of the company’s stock, valued at approximately $16,874,868. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Helgason sold 10,564 shares of Unity Software stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $50.00, for a total value of $528,200.00. Following the transaction, the director now owns 9,120,216 shares of the company’s stock, valued at approximately $456,010,800. The disclosure for this sale can be found here. In the last 90 days, insiders sold 783,628 shares of company stock valued at $31,445,280. 9.00% of the stock is owned by company insiders.

Unity Software Stock Up 1.7 %

Unity Software stock opened at $36.32 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.46 and a quick ratio of 2.46. The stock has a market capitalization of $13.93 billion, a price-to-earnings ratio of -12.79 and a beta of 2.41. Unity Software Inc. has a 1-year low of $21.22 and a 1-year high of $50.08. The business has a fifty day moving average price of $39.57 and a 200-day moving average price of $34.55.

Unity Software (NYSE:U) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.04. The firm had revenue of $533.48 million during the quarter, compared to analysts’ expectations of $514.80 million. Unity Software had a negative return on equity of 19.44% and a negative net margin of 54.46%. Equities research analysts forecast that Unity Software Inc. will post -0.88 EPS for the current fiscal year.

About Unity Software

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.