Unity Software Inc. $U Shares Newly Bought by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC purchased a new stake in shares of Unity Software Inc. (NYSE:U) during the third quarter, Holdings Channel.com reports. The firm purchased 32,602 shares of the company’s stock, valued at approximately $1,334,000.

Several other hedge funds have also made changes to their positions in U. Atreides Management LP acquired a new stake in shares of Unity Software in the second quarter worth $292,826,000. Resolute Advisors LLC lifted its stake in Unity Software by 473.3% in the 2nd quarter. Resolute Advisors LLC now owns 4,766,219 shares of the company’s stock worth $136,219,000 after acquiring an additional 3,934,840 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Unity Software by 52.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,245,014 shares of the company’s stock worth $93,089,000 after acquiring an additional 1,465,962 shares in the last quarter. Amundi boosted its position in Unity Software by 4.7% during the 2nd quarter. Amundi now owns 2,334,695 shares of the company’s stock worth $66,726,000 after acquiring an additional 105,268 shares during the period. Finally, Avala Global LP purchased a new position in Unity Software during the 2nd quarter valued at about $62,522,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Stock Performance

NYSE:U traded up $0.39 during midday trading on Thursday, reaching $45.83. The stock had a trading volume of 15,658,548 shares, compared to its average volume of 12,869,261. Unity Software Inc. has a 1-year low of $16.78 and a 1-year high of $52.15. The firm’s fifty day simple moving average is $42.41 and its 200-day simple moving average is $32.23. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.03 and a quick ratio of 2.03. The stock has a market capitalization of $20.17 billion, a P/E ratio of -33.70, a PEG ratio of 1.97 and a beta of 2.11.

Unity Software (NYSE:U) last released its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.39. The firm had revenue of $546.47 million during the quarter, compared to analyst estimates of $514.72 million. Unity Software had a negative net margin of 28.97% and a positive return on equity of 4.64%. The business’s revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. On average, equities research analysts forecast that Unity Software Inc. will post 0.55 EPS for the current fiscal year.

Key Stories Impacting Unity Software

Here are the key news stories impacting Unity Software this week:

• Positive Sentiment: Analyst upgrades support the rally. Raymond James upgraded Unity from “market perform” to “outperform” and set a $54 price target. Jefferies also raised its target from $50 to $54 and assigned a “buy” rating, implying approximately 18% upside from the reference price. Analysts cited Unity’s Google partnership and improving growth prospects. Why Is Unity Software Stock Gaining Thursday?
• Positive Sentiment: Google partnership expands Unity’s AI opportunity. Google and Unity plan to launch an AI-powered platform that allows users to create games with natural-language prompts rather than coding. The initial Playground product is expected to connect with Google Play Games, while Unity Spark is planned as a higher-fidelity expansion later this year. The initiative could broaden Unity’s creator base and funnel new users toward its professional game engine. Google, Unity launch platform to create video games from prompts
• Positive Sentiment: Investors see potential margin benefits. Google’s cloud infrastructure and AI models could give Unity access to advanced technology without requiring the company to shoulder all of the related computing costs. That could support user growth while limiting research, development and infrastructure spending. Unity’s latest reported quarter also featured revenue growth of 24% year over year and adjusted earnings that exceeded consensus expectations.
• Neutral Sentiment: The partnership increases competitive pressure across gaming. The AI platform may challenge creator-focused services such as Roblox by lowering barriers to game development, but its financial contribution to Unity remains dependent on adoption, monetization and the successful launch of Unity Spark. Google and Unity Team to Let Users Build Their Own Games
• Negative Sentiment: Not all analysts are bullish. Zacks Research downgraded Unity from “strong-buy” to “hold,” providing a counterpoint to the Raymond James and Jefferies upgrades. The split in ratings indicates that investors may remain focused on Unity’s path to sustained profitability and whether the AI initiative can produce material revenue.

Insider Activity at Unity Software

In other news, CEO Matthew Bromberg sold 16,383 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $45.31, for a total transaction of $742,313.73. Following the transaction, the chief executive officer owned 1,541,131 shares in the company, valued at approximately $69,828,645.61. The trade was a 1.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jarrod Yahes sold 26,017 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $45.31, for a total transaction of $1,178,830.27. Following the completion of the sale, the chief financial officer owned 678,343 shares of the company’s stock, valued at approximately $30,735,721.33. The trade was a 3.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 109,547 shares of company stock worth $4,884,202. Insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on U. Raymond James Financial upgraded shares of Unity Software from a “market perform” rating to an “outperform” rating and set a $54.00 price target for the company in a report on Thursday. Wells Fargo & Company increased their price objective on Unity Software from $36.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Weiss Ratings raised Unity Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th. Citigroup boosted their target price on Unity Software from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Unity Software in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.55.

About Unity Software

Unity Software Inc develops software and services for creating, operating and monetizing interactive, real-time 2D and 3D content. Its platform is widely used to build video games for mobile devices, personal computers, consoles and the web, as well as applications for industries such as automotive, architecture, engineering, construction, manufacturing and entertainment.

The company’s core offering is the Unity development platform, which includes tools for graphics, physics, animation, audio, scripting and cross-platform deployment.