Unity Software (NYSE:U) Upgraded at Macquarie

Macquarie upgraded shares of Unity Software (NYSE:U) from a neutral rating to an outperform rating in a report published on Friday morning, Marketbeat Ratings reports. They currently have $50.00 target price on the stock, up from their prior target price of $33.00.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen upgraded Unity Software from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. JMP Securities upped their target price on shares of Unity Software from $30.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 7th. Citigroup raised their price target on shares of Unity Software from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Arete Research raised shares of Unity Software to a “hold” rating in a research report on Thursday, October 16th. Finally, BTIG Research upgraded shares of Unity Software from a “sell” rating to a “neutral” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Unity Software currently has a consensus rating of “Hold” and an average price target of $38.40.

Unity Software Stock Up 7.3%

U stock opened at $42.97 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.78 and a current ratio of 2.78. Unity Software has a fifty-two week low of $15.33 and a fifty-two week high of $46.94. The stock’s 50 day simple moving average is $40.01 and its 200 day simple moving average is $32.31. The company has a market cap of $18.39 billion, a P/E ratio of -40.70 and a beta of 2.38.

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

Insiders Place Their Bets

In other news, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $37.98, for a total transaction of $9,495,000.00. Following the sale, the director directly owned 1,298,146 shares in the company, valued at $49,303,585.08. This trade represents a 16.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Helgason sold 1,350,000 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $44.43, for a total value of $59,980,500.00. Following the transaction, the director owned 6,139,173 shares in the company, valued at $272,763,456.39. This represents a 18.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 2,399,369 shares of company stock worth $101,872,229. Corporate insiders own 3.61% of the company’s stock.

Institutional Investors Weigh In On Unity Software

Hedge funds have recently modified their holdings of the business. Amalgamated Bank boosted its holdings in Unity Software by 3.0% during the 1st quarter. Amalgamated Bank now owns 18,132 shares of the company’s stock valued at $355,000 after acquiring an additional 525 shares during the period. Principal Financial Group Inc. lifted its position in shares of Unity Software by 1,321.3% during the first quarter. Principal Financial Group Inc. now owns 296,975 shares of the company’s stock worth $5,818,000 after purchasing an additional 276,081 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Unity Software by 30,300.0% in the first quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after purchasing an additional 1,212 shares during the period. Cerity Partners LLC grew its holdings in shares of Unity Software by 111.6% in the first quarter. Cerity Partners LLC now owns 127,711 shares of the company’s stock valued at $2,502,000 after purchasing an additional 67,357 shares in the last quarter. Finally, Xponance Inc. increased its stake in Unity Software by 5.8% during the 1st quarter. Xponance Inc. now owns 27,766 shares of the company’s stock worth $544,000 after buying an additional 1,520 shares during the period. 73.46% of the stock is currently 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.