Unity Software (NYSE:U) Downgraded by Wall Street Zen to Hold

by · The Cerbat Gem

Unity Software (NYSE:U – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other equities analysts also recently commented on U. Macquarie raised Unity Software from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $33.00 to $50.00 in a research report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unity Software in a research note on Wednesday, October 8th. BTIG Research upgraded shares of Unity Software from a “sell” rating to a “neutral” rating in a research note on Friday, October 31st. Morgan Stanley boosted their price target on Unity Software from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Barclays increased 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. One equities research 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 assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $38.40.

Check Out Our Latest Report on Unity Software

Unity Software Price Performance

Unity Software stock traded up $0.09 during mid-day trading on Friday, reaching $40.02. 10,885,911 shares of the company’s stock traded hands, compared to its average volume of 10,488,796. The company has a market cap of $17.13 billion, a price-to-earnings ratio of -38.12 and a beta of 2.37. The company has a quick ratio of 2.73, a current ratio of 2.78 and a debt-to-equity ratio of 0.70. The stock has a 50 day moving average of $40.01 and a two-hundred day moving average of $32.15. Unity Software has a 12-month low of $15.33 and a 12-month high of $46.94.

Unity Software (NYSE:U – Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The business 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 was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.31) earnings per share. Unity Software has set its Q4 2025 guidance at EPS. Equities analysts forecast that Unity Software will post -1.25 earnings per share for the current year.

Insider Activity

In other Unity Software news, COO Alexander Blum sold 63,813 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $39.41, for a total value of $2,514,870.33. Following the completion of the sale, the chief operating officer directly owned 603,811 shares in the company, valued at approximately $23,796,191.51. This trade represents a 9.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jarrod Yahes sold 29,876 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $39.32, for a total value of $1,174,724.32. Following the sale, the chief financial officer owned 638,504 shares in the company, valued at $25,105,977.28. The trade was a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,401,951 shares of company stock worth $101,957,409 over the last quarter. Company insiders own 3.61% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of U. Norges Bank purchased a new position in shares of Unity Software during the 2nd quarter valued at approximately $151,221,000. Atreides Management LP increased its holdings in Unity Software by 146.7% in the first quarter. Atreides Management LP now owns 9,430,955 shares of the company’s stock valued at $184,752,000 after buying an additional 5,607,572 shares in the last quarter. Slate Path Capital LP increased its holdings in Unity Software by 25.4% in the second quarter. Slate Path Capital LP now owns 20,016,952 shares of the company’s stock valued at $484,410,000 after buying an additional 4,048,484 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Unity Software in the 3rd quarter valued at about $106,233,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in Unity Software in the 1st quarter worth about $43,265,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Unity Software Company Profile

(Get Free Report)

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.

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