Unity Software’s (U) “Overweight” Rating Reiterated at Piper Sandler

Piper Sandler restated their overweight rating on shares of Unity Software (NYSE:U) in a report released on Thursday morning,Benzinga reports. Piper Sandler currently has a $45.00 target price on the stock, up from their prior target price of $40.00.

Several other brokerages also recently weighed in on U. Barclays increased their price target on shares of Unity Software from $28.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Citigroup dropped their price objective on shares of Unity Software from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Weiss Ratings reissued a “sell (e+)” rating on shares of Unity Software in a report on Friday, July 17th. Wedbush raised their target price on shares of Unity Software from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, Needham & Company LLC boosted their target price on shares of Unity Software from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.27.

Unity Software Trading Down 4.8%

Unity Software stock opened at $31.74 on Thursday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. Unity Software has a 52 week low of $16.78 and a 52 week high of $52.15. The company has a market capitalization of $13.86 billion, a price-to-earnings ratio of -20.22, a price-to-earnings-growth ratio of 3.75 and a beta of 2.05. The stock has a 50-day moving average price of $29.19 and a 200 day moving average price of $26.91.

Insider Buying and Selling

In other Unity Software news, CEO Matthew S. Bromberg sold 138,993 shares of the business’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 completion of the transaction, the chief executive officer directly owned 1,557,514 shares of the company’s stock, 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 can be accessed through this link. 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 the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $27.20, for a total transaction of $25,894.40. Following the sale, the senior vice president directly owned 309,445 shares in the company, valued at $8,416,904. The trade was a 0.31% 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 a total of 198,321 shares of company stock valued at $5,390,783 in the last three months. 0.77% of the stock is currently owned by company insiders.

Institutional Trading of Unity Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in U. Handelsbanken Fonder AB increased its holdings in Unity Software by 12.2% in the second quarter. Handelsbanken Fonder AB now owns 104,100 shares of the company’s stock valued at $2,975,000 after buying an additional 11,300 shares in the last quarter. Elevation Wealth Partners LLC raised its position in shares of Unity Software by 105.2% in the second quarter. Elevation Wealth Partners LLC now owns 2,286 shares of the company’s stock worth $65,000 after acquiring an additional 1,172 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Unity Software in the second quarter worth about $757,000. GAMMA Investing LLC boosted its stake in shares of Unity Software by 47.5% during the 2nd quarter. GAMMA Investing LLC now owns 5,910 shares of the company’s stock worth $169,000 after acquiring an additional 1,902 shares in the last quarter. Finally, TTRF Capital Ltd purchased a new stake in shares of Unity Software during the 2nd quarter worth about $1,689,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

More Unity Software News

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

• Positive Sentiment: Analyst raises price target: Piper Sandler reaffirmed its “overweight” rating and raised its price target to $45 from $40, indicating continued confidence in Unity’s potential upside. Benzinga analyst rating report
• Positive Sentiment: Strong Buy designation: Unity was added to Zacks’ Rank #1 (Strong Buy) list of growth stocks, which could support investor interest and reinforce the bullish view ahead of earnings. Best Growth Stocks to Buy for July 31st
• Positive Sentiment: Potential earnings beat: Zacks said Unity has factors that could support earnings growth and a likely beat in its upcoming quarterly report. The company is expected to report results shortly, making earnings expectations an important near-term catalyst. Unity Software Earnings Expected to Grow
• Neutral Sentiment: Investor attention is elevated: Unity has been among the stocks attracting significant attention from Zacks users, potentially increasing trading activity, but the coverage does not provide a new fundamental catalyst by itself. Is Trending Stock Unity Software a Buy Now
• Negative Sentiment: Valuation concerns are resurfacing: GuruFocus characterized Unity as overvalued following its recent rally. That assessment may be encouraging profit-taking, particularly while the company remains unprofitable on a trailing basis. Is Unity Software Overvalued After Rally
• Negative Sentiment: Growth-stock rotation remains a headwind: Broader market commentary points to investors favoring defensive and value-oriented stocks over growth shares. That environment can pressure higher-volatility names such as Unity even when company-specific analyst sentiment is positive.

Unity Software Company Profile

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.