Unity Software (NYSE:U) Price Target Raised to $50.00 at Needham & Company LLC

Unity Software (NYSE:U) had its price objective hoisted by Needham & Company LLC from $40.00 to $50.00 in a research note released on Thursday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on U. Barclays lifted their price objective on Unity Software from $25.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, August 7th. Arete lowered shares of Unity Software from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research note on Thursday, October 16th. Zacks Research cut shares of Unity Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. The Goldman Sachs Group initiated coverage on shares of Unity Software in a research note on Wednesday, October 15th. They set a “neutral” rating and a $38.00 price objective on the stock. Finally, HSBC downgraded shares of Unity Software from a “buy” rating to a “hold” rating and boosted their target price for the stock from $37.50 to $40.80 in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Unity Software has an average rating of “Hold” and a consensus target price of $35.38.

Unity Software Stock Performance

Shares of U stock opened at $39.83 on Thursday. Unity Software has a 12 month low of $15.33 and a 12 month high of $46.94. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.73 and a quick ratio of 2.73. The firm has a market capitalization of $16.83 billion, a P/E ratio of -37.93 and a beta of 2.37. The company’s fifty day moving average price is $39.99 and its two-hundred day moving average price is $32.01.

Unity Software (NYSE:U) last announced 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 return on equity of 9.47% and a negative net margin of 24.15%.The company had revenue of $470.62 million during the quarter, compared to the consensus estimate of $452.87 million. During the same period last year, the firm earned ($0.31) earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. Unity Software has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Unity Software will post -1.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Matthew S. Bromberg sold 120,000 shares of Unity Software stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $40.03, for a total value of $4,803,600.00. Following the completion of the transaction, the chief executive officer directly owned 1,222,812 shares of the company’s stock, valued at approximately $48,949,164.36. The trade was a 8.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Alexander Blum sold 63,813 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $39.41, for a total transaction of $2,514,870.33. Following the sale, the chief operating officer directly owned 603,811 shares of the company’s stock, valued at approximately $23,796,191.51. This represents a 9.56% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 2,386,951 shares of company stock worth $101,340,159. Company insiders own 3.61% of the company’s stock.

Institutional Trading of Unity Software

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Unity Software by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 32,964,521 shares of the company’s stock worth $645,775,000 after purchasing an additional 1,841,486 shares during the last quarter. Slate Path Capital LP increased its position in Unity Software by 25.4% in the second quarter. Slate Path Capital LP now owns 20,016,952 shares of the company’s stock worth $484,410,000 after buying an additional 4,048,484 shares during the period. 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 valued at $184,752,000 after buying an additional 5,607,572 shares during the last quarter. Norges Bank bought a new stake in Unity Software in the second quarter valued at $151,221,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Unity Software by 0.7% during the second quarter. Geode Capital Management LLC now owns 5,064,703 shares of the company’s stock valued at $122,587,000 after acquiring an additional 36,105 shares during the period. 73.46% of the stock is currently owned by institutional investors and hedge funds.

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.