Barclays Raises Unity Software (NYSE:U) Price Target to $35.00

Unity Software (NYSE:U) had its price target raised by Barclays from $30.00 to $35.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential downside of 12.55% from the company’s current price.

Several other research analysts also recently commented on the company. Wedbush raised their price objective on Unity Software from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday. JMP Securities raised their price target on Unity Software from $30.00 to $35.00 and gave the company a “market outperform” rating in a research note on Thursday, August 7th. Jefferies Financial Group upped their price objective on shares of Unity Software from $29.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. HSBC downgraded shares of Unity Software from a “buy” rating to a “hold” rating and raised their target price for the company from $37.50 to $40.80 in a research report on Tuesday, September 30th. Finally, Wall Street Zen raised shares of Unity Software from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Unity Software presently has an average rating of “Hold” and an average price target of $38.40.

Unity Software Trading Up 0.2%

Shares of U opened at $40.02 on Thursday. The firm has a market capitalization of $17.13 billion, a price-to-earnings ratio of -38.12 and a beta of 2.37. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.78 and a quick ratio of 2.73. Unity Software has a 1-year low of $15.33 and a 1-year high of $46.94. The company has a 50-day moving average of $40.01 and a 200 day moving average of $32.15.

Unity Software (NYSE:U) last issued its earnings results on Wednesday, November 5th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Unity Software had a negative net margin of 24.15% and a negative return on equity of 9.45%. The business had revenue of $470.62 million for the quarter, compared to analyst estimates of $452.87 million. During the same period last year, the company posted ($0.31) earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Unity Software has set its Q4 2025 guidance at EPS. On average, research analysts expect that Unity Software will post -1.25 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Jarrod Yahes sold 15,000 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $41.15, for a total value of $617,250.00. Following the sale, the chief financial officer owned 623,504 shares in the company, valued at approximately $25,657,189.60. The trade was a 2.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $37.98, for a total value of $9,495,000.00. Following the transaction, the director directly owned 1,298,146 shares in the company, valued at approximately $49,303,585.08. The trade was a 16.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,401,951 shares of company stock valued at $101,957,409. Insiders own 3.61% of the company’s stock.

Institutional Investors Weigh In On Unity Software

Hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Unity Software during the second quarter worth about $151,221,000. Atreides Management LP lifted its stake in Unity Software by 146.7% in the first quarter. Atreides Management LP now owns 9,430,955 shares of the company’s stock worth $184,752,000 after acquiring an additional 5,607,572 shares during the last quarter. Slate Path Capital LP grew its holdings in Unity Software by 25.4% during the 2nd quarter. Slate Path Capital LP now owns 20,016,952 shares of the company’s stock worth $484,410,000 after acquiring an additional 4,048,484 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Unity Software during the 3rd quarter worth approximately $106,233,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Unity Software in the 1st quarter valued at approximately $43,265,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Company Profile

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.