Piper Sandler Reaffirms “Overweight” Rating for Unity Software (NYSE:U)

Unity Software (NYSE:U)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Piper Sandler in a research report issued on Thursday,Benzinga reports. They currently have a $45.00 price target on the stock, up from their prior price target of $40.00. Piper Sandler’s price objective points to a potential upside of 37.20% from the company’s current price.

Several other research firms have also recently commented on U. Needham & Company LLC boosted their price target on Unity Software from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Unity Software in a research report on Friday, July 17th. Citigroup cut their price target on shares of Unity Software from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. BTIG Research boosted their target price on shares of Unity Software from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, UBS Group increased their price target on shares of Unity Software from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Unity Software has an average rating of “Moderate Buy” and an average price target of $38.27.

Unity Software Stock Up 2.4%

Shares of NYSE U traded up $0.76 during trading on Thursday, reaching $32.80. 4,390,506 shares of the stock were exchanged, compared to its average volume of 13,310,352. The business’s 50-day moving average price is $28.91 and its 200 day moving average price is $26.95. The company has a market capitalization of $14.32 billion, a price-to-earnings ratio of -20.92, a price-to-earnings-growth ratio of 3.77 and a beta of 2.05. Unity Software has a twelve month low of $16.78 and a twelve month high of $52.15. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56.

Insider Buying and Selling at Unity Software

In related news, SVP Rebecca Berenice Boyden sold 952 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.20, for a total value of $25,894.40. Following the completion of the transaction, the senior vice president owned 309,445 shares of the company’s stock, valued at $8,416,904. This represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 stock was sold at an average price of $27.18, for a total value of $3,777,829.74. Following the completion of the transaction, the chief executive officer directly owned 1,557,514 shares in the company, valued at $42,333,230.52. The trade was a 8.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 198,321 shares of company stock worth $5,390,783 in the last 90 days. 0.77% of the stock is currently owned by insiders.

Institutional Trading of Unity Software

Several large investors have recently made changes to their positions in U. Newbridge Financial Services Group Inc. increased its stake in shares of Unity Software by 12.9% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock valued at $108,000 after purchasing an additional 308 shares during the last quarter. Larson Financial Group LLC lifted its stake 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 valued at $29,000 after acquiring an additional 341 shares during the last quarter. Swiss Life Asset Management Ltd raised its holdings in Unity Software by 3.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 14,861 shares of the company’s stock valued at $656,000 after buying an additional 449 shares during the last quarter. Captrust Financial Advisors grew its holdings in Unity Software by 2.1% during the 2nd quarter. Captrust Financial Advisors now owns 22,330 shares of the company’s stock worth $540,000 after acquiring an additional 462 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in Unity Software by 8.9% during the 4th quarter. Ritholtz Wealth Management now owns 5,732 shares of the company’s stock valued at $253,000 after purchasing an additional 468 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software News Roundup

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

• Positive Sentiment: Earnings expectations are supportive. Zacks says Unity has factors that could increase the likelihood of an earnings beat, including favorable earnings-estimate revisions and a positive Earnings ESP setup. The company is expected to report quarterly results Thursday, making the report a near-term catalyst. Unity Software Inc. Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Technical indicators have improved. Unity recently moved above its 20-day, 50-day and 200-day moving averages. In particular, the break above the 200-day average is being interpreted as a potential long-term bullish signal, suggesting stronger investor demand and improved chart momentum. Unity Software Inc. Just Overtook the 200-Day Moving Average
• Positive Sentiment: Analyst-screen momentum is favorable. Unity was included in Zacks’ Rank #1 (Strong Buy) growth-stock list for July 29, adding to the positive sentiment surrounding its earnings outlook and growth prospects. Best Growth Stocks to Buy for July 29th
• Neutral Sentiment: Investor attention is elevated, but not necessarily a new fundamental catalyst. Unity has become one of the most-followed stocks on Zacks, prompting renewed buy-or-sell analysis. The increased visibility may support trading activity, although the articles do not provide new operating results or guidance. Is Trending Stock Unity Software Inc. a Buy Now?

About Unity Software

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.