Unity Software Inc. (NYSE:U) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Unity Software Inc. (NYSE:U) have earned an average rating of “Moderate Buy” from the twenty-two analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $38.7667.

A number of research analysts have weighed in on the stock. BTIG Research boosted their price objective on shares of Unity Software from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wells Fargo & Company boosted their price objective on shares of Unity Software from $29.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Oppenheimer upgraded shares of Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Tuesday, February 10th. Citizens Jmp reiterated a “market outperform” rating and set a $37.00 price objective on shares of Unity Software in a research report on Friday, March 27th. Finally, UBS Group boosted their price objective on shares of Unity Software from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th.

Insider Buying and Selling at Unity Software

In other news, CEO Matthew S. Bromberg sold 138,993 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total value of $3,777,829.74. Following the transaction, the chief executive officer directly owned 1,557,514 shares in the company, valued at approximately $42,333,230.52. This represents a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 24,021 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total transaction of $652,890.78. Following the completion of the transaction, the chief financial officer owned 704,360 shares in the company, valued at approximately $19,144,504.80. The trade was a 3.30% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 204,526 shares of company stock valued at $5,521,274. Insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in U. Root Financial Partners LLC bought a new position in shares of Unity Software in the third quarter worth about $27,000. REAP Financial Group LLC purchased a new stake in shares of Unity Software in the 4th quarter worth $28,000. Larson Financial Group LLC lifted its holdings in shares of Unity Software by 88.1% in the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after buying an additional 341 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Unity Software in the 4th quarter worth $30,000. Finally, IFP Advisors Inc purchased a new stake in shares of Unity Software in the 3rd quarter worth $33,000. 73.46% of the stock is currently owned by institutional investors.

Unity Software Trading Up 1.5%

U stock opened at $30.40 on Monday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. Unity Software has a twelve month low of $16.78 and a twelve month high of $52.15. The stock has a market capitalization of $13.27 billion, a price-to-earnings ratio of -19.36, a price-to-earnings-growth ratio of 3.83 and a beta of 2.04. The firm’s fifty day simple moving average is $24.41 and its two-hundred day simple moving average is $31.44.

More Unity Software News

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

• Positive Sentiment: Several recent reports say Unity’s earnings estimates are moving higher, and analysts still see upside from current levels, helping support the stock’s recent strength. Earnings Estimates Moving Higher for Unity Software (U): Time to Buy?
• Positive Sentiment: Unity has also drawn attention as a momentum name, with coverage highlighting continued long-term growth potential and improving sentiment around the shares. Why Unity Software Inc. (U) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Hayden Capital said it added Unity on a pullback in its Q1 letter, which may provide some support, but the commentary was more about portfolio positioning than a direct catalyst. What Makes Unity (U) an Investment Choice?
• Neutral Sentiment: Coverage on Unity’s AI expansion kept the company in the conversation, but it was largely thematic and did not appear to be a fresh fundamental driver. Unity AI Expansion Keeps Software Markets Watching Closely
• Negative Sentiment: Multiple executives, including the CEO, CFO, COO, CAO, and SVP, filed insider sales. The company said the transactions were for tax withholding related to equity vesting, but the broad selling may still weigh on sentiment. CEO Form 4 filing

Unity Software Company Profile

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.