Brokerages Set Unity Software Inc. (NYSE:U) PT at $38.77

Shares of Unity Software Inc. (NYSE:U) have received an average recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $38.7667.

Several equities research analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Unity Software from $29.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Wall Street Zen cut Unity Software from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Oppenheimer upgraded Unity Software from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Tuesday, February 10th. Wedbush upped their target price on Unity Software from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Morgan Stanley raised their price target on Unity Software from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, March 27th.

Insider Transactions at Unity Software

In other Unity Software news, CEO Matthew S. Bromberg sold 138,993 shares of Unity Software stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $3,777,829.74. Following the completion of the transaction, the chief executive officer owned 1,557,514 shares in the company, valued at approximately $42,333,230.52. The trade was a 8.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Alexander Blum sold 2,099 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $27.37, for a total transaction of $57,449.63. Following the completion of the sale, the chief operating officer directly owned 727,970 shares in the company, valued at $19,924,538.90. This trade represents a 0.29% decrease in their position. 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 204,526 shares of company stock worth $5,521,274 in the last 90 days. Insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of U. REAP Financial Group LLC acquired a new stake in Unity Software during the 4th quarter valued at $28,000. Root Financial Partners LLC acquired a new position in Unity Software in the 3rd quarter valued at about $27,000. V Square Quantitative Management LLC acquired a new stake in shares of Unity Software during the 4th quarter worth about $30,000. Larson Financial Group LLC grew its holdings in shares of Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock worth $29,000 after buying an additional 341 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Unity Software in the fourth quarter valued at approximately $36,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Unity Software Trading Down 0.2%

Shares of U opened at $30.40 on Monday. Unity Software has a twelve month low of $16.78 and a twelve month high of $52.15. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $13.27 billion, a P/E ratio of -19.36, a PEG ratio of 3.90 and a beta of 2.06. The firm’s 50-day moving average is $24.41 and its two-hundred day moving average is $31.35.

Trending Headlines about Unity Software

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

• Positive Sentiment: Several recent reports say Unity’s earnings estimates are moving higher, and analysts still see upside from current levels, helping support the stock’s recent strength. Earnings Estimates Moving Higher for Unity Software (U): Time to Buy?
• Positive Sentiment: Unity has also drawn attention as a momentum name, with coverage highlighting continued long-term growth potential and improving sentiment around the shares. Why Unity Software Inc. (U) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Hayden Capital said it added Unity on a pullback in its Q1 letter, which may provide some support, but the commentary was more about portfolio positioning than a direct catalyst. What Makes Unity (U) an Investment Choice?
• Neutral Sentiment: Coverage on Unity’s AI expansion kept the company in the conversation, but it was largely thematic and did not appear to be a fresh fundamental driver. Unity AI Expansion Keeps Software Markets Watching Closely
• Negative Sentiment: Multiple executives, including the CEO, CFO, COO, CAO, and SVP, filed insider sales. The company said the transactions were for tax withholding related to equity vesting, but the broad selling may still weigh on sentiment. CEO Form 4 filing

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.