Unity Software (NYSE:U) Price Target Raised to $36.00 at Wedbush

Unity Software (NYSE:U) had its target price lifted by Wedbush from $32.00 to $36.00 in a research note published on Wednesday,Benzinga reports. Wedbush currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the company. Piper Sandler assumed coverage on Unity Software in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $40.00 target price for the company. Wells Fargo & Company upped their price objective on Unity Software from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. UBS Group increased their price objective on Unity Software from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. BTIG Research raised their target price on Unity Software from $39.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Barclays boosted their target price on shares of Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.99.

Unity Software Price Performance

Shares of U opened at $29.36 on Wednesday. Unity Software has a twelve month low of $16.78 and a twelve month high of $52.15. The stock’s 50 day moving average is $28.55 and its two-hundred day moving average is $27.48. The firm has a market capitalization of $12.82 billion, a PE ratio of -18.70, a P/E/G ratio of 3.62 and a beta of 2.05. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56.

Insider Buying and Selling at Unity Software

In related news, CEO Matthew S. Bromberg sold 138,993 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total value of $3,777,829.74. Following the sale, the chief executive officer owned 1,557,514 shares in the company, valued at $42,333,230.52. This represents a 8.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Rebecca Berenice Boyden sold 952 shares of Unity Software stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $27.20, for a total value of $25,894.40. Following the transaction, the senior vice president directly owned 309,445 shares of the company’s stock, valued at approximately $8,416,904. This represents a 0.31% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 198,321 shares of company stock worth $5,390,783. Corporate insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Unity Software

Several institutional investors and hedge funds have recently made changes to their positions in U. Newbridge Financial Services Group Inc. lifted its stake in Unity Software by 12.9% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 2,696 shares of the company’s stock valued at $108,000 after buying an additional 308 shares in the last quarter. Larson Financial Group LLC grew its holdings in Unity Software by 88.1% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after buying an additional 341 shares during the last quarter. Swiss Life Asset Management Ltd increased its position in Unity Software by 3.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 14,861 shares of the company’s stock worth $656,000 after buying an additional 449 shares in the last quarter. Captrust Financial Advisors increased its position in Unity Software by 2.1% during the second quarter. Captrust Financial Advisors now owns 22,330 shares of the company’s stock worth $540,000 after buying an additional 462 shares in the last quarter. Finally, Ritholtz Wealth Management raised its holdings in shares of Unity Software by 8.9% in the fourth quarter. Ritholtz Wealth Management now owns 5,732 shares of the company’s stock worth $253,000 after acquiring an additional 468 shares during the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Unity Software

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

• Positive Sentiment: Wedbush raised its price target on Unity to $36 from $32 and reiterated an Outperform rating, signaling confidence in the company’s turnaround and the potential upside as it works through a major business transition. Wedbush raises Unity price target
• Positive Sentiment: Multiple reports highlighted Unity as a software name that could beat earnings estimates, with AI, cloud adoption and recurring revenue trends seen as supportive for Q2 results. 4 Internet Stocks Poised to Top Estimates This Earnings Season
• Positive Sentiment: Unity’s new Unity 7 roadmap and beta timeline are drawing attention as a potentially meaningful product refresh, with the platform aimed at improving collaboration across game development and incorporating AI-enabled workflows. Unity 7 Roadmap Revealed At Unite Seoul
• Neutral Sentiment: Brokerage-related articles noted that Unity’s average analyst recommendation is near a Buy, but also cautioned that Wall Street ratings can be overly optimistic and are not always a reliable timing signal. Unity Software (U) Is Considered a Good Investment by Brokers: Is That True?
• Negative Sentiment: Despite the upbeat analyst coverage, Unity’s latest trading session still showed weakness, with the stock falling while investors await confirmation that product changes and earnings momentum can translate into better financial performance. Unity Software Inc. (U) Registers a Bigger Fall Than the Market: Important Facts to Note

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.