Citigroup Issues Pessimistic Forecast for Unity Software (NYSE:U) Stock Price

Unity Software (NYSE:U) had its target price lowered by stock analysts at Citigroup from $43.00 to $40.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 47.57% from the company’s current price.

U has been the topic of several other reports. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 price objective on shares of Unity Software in a report on Friday, March 27th. Bank of America lifted their target price on shares of Unity Software from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, March 27th. Jefferies Financial Group upped their price target on shares of Unity Software from $49.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, January 5th. Citizens Jmp reissued a “market outperform” rating and issued a $37.00 price target on shares of Unity Software in a report on Friday, March 27th. Finally, Freedom Capital upgraded shares of Unity Software to a “strong-buy” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.25.

Unity Software Price Performance

Shares of NYSE U opened at $27.11 on Thursday. Unity Software has a twelve month low of $16.78 and a twelve month high of $52.15. The company has a market cap of $11.83 billion, a PE ratio of -28.24, a price-to-earnings-growth ratio of 9.73 and a beta of 2.04. The business’s 50 day moving average price is $21.50 and its two-hundred day moving average price is $32.81. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.52.

Unity Software (NYSE:U) last issued its earnings results on Wednesday, February 11th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Unity Software had a negative return on equity of 4.76% and a negative net margin of 21.77%.The company had revenue of $503.09 million during the quarter, compared to the consensus estimate of $490.64 million. During the same period in the previous year, the company posted ($0.30) EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts predict that Unity Software will post 0.13 EPS for the current year.

Insider Activity

In other Unity Software news, CFO Jarrod Yahes sold 6,205 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $21.03, for a total transaction of $130,491.15. Following the transaction, the chief financial officer owned 728,381 shares in the company, valued at $15,317,852.43. This trade represents a 0.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Alexander Blum sold 2,541 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $18.76, for a total value of $47,669.16. Following the sale, the chief operating officer owned 548,425 shares of the company’s stock, valued at approximately $10,288,453. The trade was a 0.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 41,684 shares of company stock worth $773,350. Corporate insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new stake in Unity Software during the third quarter worth about $27,000. REAP Financial Group LLC acquired a new position in shares of Unity Software in the 4th quarter valued at approximately $28,000. Larson Financial Group LLC raised its position 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 buying an additional 341 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Unity Software during the 4th quarter worth approximately $30,000. Finally, IFP Advisors Inc acquired a new stake in shares of Unity Software during the 3rd quarter worth approximately $33,000. 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: Wedbush reaffirmed an “Outperform” rating and set a $30 price target ahead of Unity’s earnings, giving investors a near-term bullish analyst endorsement. Read More.
• Positive Sentiment: Citigroup kept a “Buy” rating while lowering its price target from $43 to $40 — still implying substantial upside from current levels, which supports investor expectations of meaningful recovery potential if fundamentals reaccelerate. Read More.
• Neutral Sentiment: Market calendars now flag May 7 as an important date for Unity (investors should expect an event/earnings-related catalyst), which can amplify volatility around the stock. Read More.
• Neutral Sentiment: Several brokerage-roundup pieces reiterate an average broker recommendation equivalent to “Buy,” but the coverage notes that consensus analyst optimism can be overstated—useful for gauging sentiment but not a guarantee of price moves. Read More.
• Negative Sentiment: Pre-earnings research from Zacks and Yahoo suggests Unity may lack the key elements for an earnings beat (revenue/estimate setup), raising the risk of a disappointment-driven pullback after the report. Read More. Read More.
• Negative Sentiment: Recent session-level weakness (late-April dip) shows the stock can move more sharply than the broader market, highlighting upside and downside sensitivity around news and analyst commentary. Read More.

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.