Unity Software (NYSE:U) Price Target Raised to $45.00

Unity Software (NYSE:U) had its target price hoisted by stock analysts at Citizens Jmp from $37.00 to $45.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s price target suggests a potential upside of 5.97% from the company’s current price.

Several other research analysts also recently weighed in on the company. Weiss Ratings upgraded Unity Software from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Zacks Research upgraded shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Oppenheimer boosted their target price on shares of Unity Software from $38.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday. HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $47.10 target price for the company in a research note on Friday. Finally, BTIG Research boosted their price target on shares of Unity Software from $43.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.22.

Unity Software Price Performance

Shares of NYSE U traded up $1.65 during mid-day trading on Friday, reaching $42.46. The company’s stock had a trading volume of 7,949,056 shares, compared to its average volume of 13,502,098. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.95. Unity Software has a 52 week low of $16.78 and a 52 week high of $52.15. The stock has a fifty day moving average of $29.89 and a two-hundred day moving average of $26.57. The firm has a market capitalization of $18.54 billion, a PE ratio of -27.00, a P/E/G ratio of 4.20 and a beta of 2.04.

Insider Activity at Unity Software

In other news, CFO Jarrod Yahes sold 24,021 shares of Unity Software stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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, CEO Matthew S. Bromberg sold 138,993 shares of the business’s stock in a transaction that occurred on 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 position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 198,321 shares of company stock valued at $5,390,783 over the last ninety days. 0.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of U. Vanguard Group Inc. raised its stake in shares of Unity Software by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 35,553,296 shares of the company’s stock valued at $1,570,389,000 after acquiring an additional 996,685 shares during the period. Wellington Management Group LLP boosted its stake in shares of Unity Software by 58.7% during the 3rd quarter. Wellington Management Group LLP now owns 18,213,875 shares of the company’s stock worth $729,284,000 after purchasing an additional 6,734,285 shares during the period. Geode Capital Management LLC grew its holdings in Unity Software by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 5,852,047 shares of the company’s stock valued at $258,547,000 after purchasing an additional 328,595 shares during the last quarter. Norges Bank bought a new position in Unity Software during the 4th quarter valued at about $230,285,000. Finally, Ameriprise Financial Inc. raised its position in Unity Software by 37.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,628,328 shares of the company’s stock worth $112,006,000 after purchasing an additional 1,270,798 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Unity Software

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

• Positive Sentiment: Q2 earnings and revenue beat expectations: Unity reported revenue of approximately $546.5 million, up about 24% year over year, and non-GAAP earnings of $0.28 per share. Both figures exceeded Wall Street estimates, with the company also highlighting record free cash flow and a potential shift to GAAP profitability in the third quarter. Unity Reports Upbeat Q2 Results
• Positive Sentiment: Optimistic third-quarter outlook: Unity forecast strategic revenue of $540 million to $550 million, above the roughly $533.8 million consensus estimate, alongside a projected 33% adjusted EBITDA margin. Management attributed momentum partly to its Vector and Grow solutions. Unity Q3 Forecast
• Positive Sentiment: Broad analyst support: Wells Fargo raised its price target to $48 and assigned an overweight rating; Needham lifted its target to $54 with a buy rating; and Bank of America, Deutsche Bank, BTIG, Benchmark and HSBC all upgraded Unity or raised their targets. The revisions signal greater confidence in Unity’s execution, growth and margin outlook. Analysts Raise Unity Forecasts
• Neutral Sentiment: Options activity increased: Investors bought 41,488 Unity call options, about 30% above typical daily volume. This may reflect bullish positioning, though options activity alone does not establish a lasting change in fundamentals.
• Negative Sentiment: Profitability risks remain: Unity continues to report a negative net margin, and its valuation and volatility are elevated following the rally. The stock’s performance will likely depend on whether the company can sustain Vector-driven growth and deliver the projected improvement to GAAP profitability.

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.