Wedbush Forecasts Strong Price Appreciation for Unity Software (NYSE:U) Stock

Unity Software (NYSE:U) had its price target raised by equities research analysts at Wedbush from $50.00 to $55.00 in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the stock. Wedbush’s target price would suggest a potential upside of 23.03% from the stock’s previous close. Wedbush also issued estimates for Unity Software’s FY2026 earnings at $0.34 EPS and FY2027 earnings at $0.74 EPS.

A number of other equities research analysts have also recently commented on the company. Barclays lifted their price objective on Unity Software from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Citigroup raised their target price on Unity Software from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Unity Software in a research report on Wednesday, October 8th. HSBC cut Unity Software from a “buy” rating to a “hold” rating and upped their price target for the company from $37.50 to $40.80 in a research note on Tuesday, September 30th. Finally, BTIG Research raised 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, ten have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $39.99.

Unity Software Trading Up 0.6%

U opened at $44.70 on Tuesday. The firm has a 50 day simple moving average of $38.89 and a 200 day simple moving average of $34.64. Unity Software has a fifty-two week low of $15.33 and a fifty-two week high of $46.94. The company has a market cap of $19.13 billion, a price-to-earnings ratio of -42.58 and a beta of 2.04. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.78 and a quick ratio of 2.78.

Unity Software (NYSE:U) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $470.62 million for the quarter, compared to analysts’ expectations of $452.87 million. Unity Software had a negative net margin of 24.15% and a negative return on equity of 9.45%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm earned ($0.31) earnings per share. On average, sell-side analysts anticipate that Unity Software will post -1.25 earnings per share for the current year.

Insider Buying and Selling at Unity Software

In related news, CFO Jarrod Yahes sold 27,742 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $42.79, for a total transaction of $1,187,080.18. Following the transaction, the chief financial officer directly owned 546,129 shares of the company’s stock, valued at $23,368,859.91. This trade represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark Barrysmith sold 13,684 shares of Unity Software stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $41.38, for a total transaction of $566,243.92. Following the transaction, the chief accounting officer directly owned 408,886 shares in the company, valued at approximately $16,919,702.68. This represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,506,658 shares of company stock worth $107,478,975 in the last ninety days. 3.61% of the stock is currently owned by corporate insiders.

Institutional Trading of Unity Software

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Unity Software by 10.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,967 shares of the company’s stock valued at $119,000 after acquiring an additional 288 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in Unity Software by 12.9% during the third quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock worth $108,000 after acquiring an additional 308 shares during the last quarter. Xponance Inc. raised its position in Unity Software by 1.8% during the third quarter. Xponance Inc. now owns 18,291 shares of the company’s stock valued at $732,000 after purchasing an additional 328 shares during the period. 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 purchasing an additional 341 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Unity Software by 28.4% in the 2nd quarter. Allworth Financial LP now owns 1,865 shares of the company’s stock valued at $45,000 after purchasing an additional 412 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

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.