Unity Software (NYSE:U) Price Target Raised to $55.00

Unity Software (NYSE:U) had its price objective lifted by Wedbush from $50.00 to $55.00 in a research note released on Tuesday morning, MarketBeat Ratings reports. Wedbush currently has an outperform rating on the stock. Wedbush also issued estimates for Unity Software’s FY2026 earnings at $0.34 EPS and FY2027 earnings at $0.74 EPS.

Several other research firms have also issued reports on U. Arete raised Unity Software from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Monday. Needham & Company LLC boosted their price target on shares of Unity Software from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Zacks Research cut shares of Unity Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Citigroup lifted their price objective on shares of Unity Software from $50.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, HSBC downgraded shares of Unity Software from a “buy” rating to a “hold” rating and upped their target price for the stock from $37.50 to $40.80 in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Unity Software presently has a consensus rating of “Hold” and an average target price of $39.99.

Unity Software Stock Performance

Shares of U stock opened at $44.13 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.78 and a current ratio of 2.78. The firm has a market cap of $18.88 billion, a P/E ratio of -42.03 and a beta of 2.04. The firm’s 50 day moving average price is $38.93 and its 200-day moving average price is $34.70. Unity Software has a one year low of $15.33 and a one year high of $46.94.

Unity Software (NYSE:U) last posted its earnings results on Wednesday, November 5th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $470.62 million during the quarter, compared to the consensus estimate of $452.87 million. During the same quarter last year, the firm earned ($0.31) EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts predict that Unity Software will post -1.25 EPS for the current year.

Insiders Place Their Bets

In related news, Director Tomer Bar-Zeev sold 250,000 shares of Unity Software stock in a transaction on 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 owned 1,298,146 shares in the company, valued at approximately $49,303,585.08. This trade represents a 16.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Alexander Blum sold 40,693 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $41.38, for a total value of $1,683,876.34. Following the sale, the chief operating officer owned 563,118 shares of the company’s stock, valued at $23,301,822.84. This represents a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,506,658 shares of company stock worth $107,478,975. Corporate insiders own 3.61% of the company’s stock.

Hedge Funds Weigh In On Unity Software

Several hedge funds and other institutional investors have recently bought and sold shares of U. Strategic Investment Solutions Inc. IL grew its position in Unity Software by 23.8% in the third quarter. Strategic Investment Solutions Inc. IL now owns 5,208 shares of the company’s stock valued at $209,000 after acquiring an additional 1,000 shares in the last quarter. IFP Advisors Inc purchased a new position in shares of Unity Software in the third quarter valued at $33,000. Swiss Life Asset Management Ltd acquired a new stake in Unity Software during the 3rd quarter valued at $577,000. Danske Bank A S purchased a new stake in Unity Software during the 3rd quarter worth $80,000. Finally, NewEdge Advisors LLC increased its stake in Unity Software by 800.0% during the 3rd quarter. NewEdge Advisors LLC now owns 3,987 shares of the company’s stock worth $160,000 after buying an additional 3,544 shares during the period. 73.46% of the stock is owned by institutional investors and hedge funds.

About Unity Software

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.