Analysts’ Recent Ratings Changes for Unity Software (U)

Unity Software (NYSE: U) has recently received a number of price target changes and ratings updates:

• 9/16/2024 – Unity Software had its price target raised by analysts at Wedbush from $21.00 to $27.00. They now have an “outperform” rating on the stock.
• 9/13/2024 – Unity Software had its “market perform” rating reaffirmed by analysts at JMP Securities.
• 9/13/2024 – Unity Software had its price target raised by analysts at Stifel Nicolaus from $20.00 to $25.00. They now have a “buy” rating on the stock.
• 9/3/2024 – Unity Software was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $22.00 price target on the stock.
• 8/9/2024 – Unity Software had its price target lowered by analysts at Macquarie from $14.00 to $12.00. They now have an “underperform” rating on the stock.
• 8/9/2024 – Unity Software had its price target lowered by analysts at Benchmark Co. from $16.00 to $10.00. They now have a “sell” rating on the stock.
• 8/9/2024 – Unity Software had its price target lowered by analysts at Wedbush from $33.50 to $21.00. They now have an “outperform” rating on the stock.
• 8/9/2024 – Unity Software had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $26.00 to $22.50. They now have a “neutral” rating on the stock.
• 8/9/2024 – Unity Software had its “neutral” rating reaffirmed by analysts at Piper Sandler. They now have a $17.00 price target on the stock, down previously from $25.00.
• 8/9/2024 – Unity Software had its price target lowered by analysts at Needham & Company LLC from $31.00 to $23.00. They now have a “buy” rating on the stock.
• 8/9/2024 – Unity Software had its price target lowered by analysts at Stifel Nicolaus from $25.00 to $20.00. They now have a “buy” rating on the stock.
• 7/29/2024 – Unity Software had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $33.50 price target on the stock.

Unity Software Stock Up 2.0 %

Unity Software stock traded up $0.39 during trading hours on Monday, hitting $20.30. The company had a trading volume of 22,484,771 shares, compared to its average volume of 10,240,744. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $43.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.36 and a quick ratio of 2.36. The firm has a market capitalization of $8.06 billion, a P/E ratio of -9.06 and a beta of 2.25. The firm’s fifty day moving average is $16.44 and its 200-day moving average is $20.26.

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

Insider Activity

In related news, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction on Friday, September 13th. The shares were sold at an average price of $20.59, for a total value of $5,147,500.00. Following the transaction, the director now owns 8,201,851 shares in the company, valued at approximately $168,876,112.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Unity Software news, Director David Helgason sold 250,000 shares of Unity Software stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $20.59, for a total value of $5,147,500.00. Following the transaction, the director now directly owns 8,201,851 shares of the company’s stock, valued at approximately $168,876,112.09. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Felix The sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $17.89, for a total value of $536,700.00. Following the transaction, the senior vice president now owns 423,679 shares of the company’s stock, valued at $7,579,617.31. The disclosure for this sale can be found here. Insiders have sold a total of 285,472 shares of company stock valued at $5,775,071 over the last 90 days. 6.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Unity Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors raised its position in Unity Software by 510.2% in the fourth quarter. Capital Research Global Investors now owns 7,181,661 shares of the company’s stock worth $293,658,000 after purchasing an additional 6,004,655 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Unity Software by 26.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 35,336 shares of the company’s stock worth $1,445,000 after buying an additional 7,484 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Unity Software during the 1st quarter worth approximately $3,878,000. Seldon Capital LP acquired a new stake in Unity Software in the 4th quarter valued at $7,576,000. Finally, Vanguard Group Inc. grew its position in Unity Software by 0.8% in the first quarter. Vanguard Group Inc. now owns 26,336,775 shares of the company’s stock valued at $703,192,000 after acquiring an additional 208,566 shares during the period. 73.46% of the stock is currently owned by institutional investors.

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.