Unity Software (NYSE:U) Upgraded to Buy at Arete Research

Unity Software (NYSE:U) was upgraded by analysts at Arete Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a $48.00 price objective on the stock. Arete Research’s price target would suggest a potential upside of 10.95% from the stock’s previous close.

Several other research firms also recently weighed in on U. HSBC downgraded shares of Unity Software from a “buy” rating to a “hold” rating and raised their target price for the company from $37.50 to $40.80 in a report on Tuesday, September 30th. JMP Securities raised their price objective 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. Wells Fargo & Company upped their target price on Unity Software from $37.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. The Goldman Sachs Group began coverage on Unity Software in a report on Wednesday, October 15th. They set a “neutral” rating and a $38.00 target price on the stock. Finally, UBS Group raised their price target on Unity Software from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Unity Software presently has an average rating of “Hold” and an average price target of $39.71.

Unity Software Price Performance

Shares of U traded up $0.74 on Monday, reaching $43.26. The stock had a trading volume of 7,519,641 shares, compared to its average volume of 11,818,565. Unity Software has a twelve month low of $15.33 and a twelve month high of $46.94. The firm has a market capitalization of $18.51 billion, a PE ratio of -41.24 and a beta of 2.04. The firm has a 50-day moving average of $38.95 and a 200 day moving average of $34.26. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last posted 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. The company had revenue of $470.62 million for the quarter, compared to analyst estimates of $452.87 million. Unity Software had a negative return on equity of 9.45% and a negative net margin of 24.15%.Unity Software’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.31) earnings per share. Unity Software has set its Q4 2025 guidance at EPS. Sell-side analysts expect that Unity Software will post -1.25 EPS for the current year.

Insider Buying and Selling at Unity Software

In related news, Director Shlomo Dovrat sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $42.87, for a total transaction of $1,286,100.00. Following the completion of the sale, the director owned 159,089 shares of the company’s stock, valued at approximately $6,820,145.43. This represents a 15.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark Barrysmith sold 13,684 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $41.38, for a total value of $566,243.92. Following the sale, the chief accounting officer owned 408,886 shares of the company’s stock, valued at $16,919,702.68. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,404,670 shares of company stock worth $102,574,544. Company insiders own 3.61% of the company’s stock.

Hedge Funds Weigh In On Unity Software

A number of institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC bought a new position in Unity Software during the 3rd quarter valued at $27,000. Larson Financial Group LLC raised 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 in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Unity Software during the third quarter worth about $38,000. Salem Investment Counselors Inc. bought a new position in shares of Unity Software during the third quarter worth about $40,000. Finally, CX Institutional acquired a new position in Unity Software in the second quarter worth about $25,000. 73.46% of the stock is 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.