Wells Fargo & Company Raises Unity Software (NYSE:U) Price Target to $42.00

Unity Software (NYSE:U) had its price objective raised by analysts at Wells Fargo & Company from $37.00 to $42.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 4.94% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Unity Software from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Hsbc Global Res cut shares of Unity Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Zacks Research lowered Unity Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Macquarie upgraded shares of Unity Software from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $33.00 to $50.00 in a research report on Friday. Finally, JMP Securities boosted their price target on Unity Software from $30.00 to $35.00 and gave the stock a “market outperform” rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.10.

Unity Software Stock Performance

NYSE U traded up $0.09 during trading on Friday, reaching $40.02. The company’s stock had a trading volume of 8,883,742 shares, compared to its average volume of 12,060,004. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.70. Unity Software has a 12 month low of $15.33 and a 12 month high of $46.94. The firm has a 50 day moving average price of $39.99 and a 200 day moving average price of $32.01. The firm has a market capitalization of $16.91 billion, a price-to-earnings ratio of -38.12 and a beta of 2.37.

Unity Software (NYSE:U) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Unity Software had a negative return on equity of 9.47% and a negative net margin of 24.15%.The firm had revenue of $470.62 million for the quarter, compared to analyst estimates of $452.87 million. During the same period last year, the firm posted ($0.31) earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Unity Software has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Unity Software will post -1.25 EPS for the current fiscal year.

Insider Activity

In other news, Director David Helgason sold 1,350,000 shares of Unity Software stock in a transaction dated 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 directly owned 6,139,173 shares of the company’s stock, valued at $272,763,456.39. The trade was a 18.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Matthew S. Bromberg sold 120,000 shares of Unity Software stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $40.03, for a total transaction of $4,803,600.00. Following the transaction, the chief executive officer directly owned 1,222,812 shares in the company, valued at approximately $48,949,164.36. This trade represents a 8.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,386,951 shares of company stock valued at $101,340,159 in the last three months. Company insiders own 3.61% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP bought a new position in Unity Software in the third quarter worth about $256,000. Vanguard Group Inc. increased its position in Unity Software by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 34,556,611 shares of the company’s stock valued at $1,383,647,000 after acquiring an additional 930,293 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of Unity Software by 6.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 111,231 shares of the company’s stock valued at $4,454,000 after purchasing an additional 6,513 shares in the last quarter. Capital CS Group LLC bought a new stake in shares of Unity Software during the 3rd quarter worth about $204,000. Finally, Illinois Municipal Retirement Fund bought a new stake in Unity Software during the third quarter worth approximately $931,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Company Profile

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.