Wells Fargo & Company Issues Positive Forecast for Unity Software (NYSE:U) Stock Price

Unity Software (NYSE:U) had its price target upped by Wells Fargo & Company from $37.00 to $42.00 in a research note issued to investors on Friday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other analysts also recently issued reports about the company. Morgan Stanley lifted their price target on Unity Software from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. BTIG Research upgraded shares of Unity Software from a “sell” rating to a “neutral” rating in a research report on Friday, October 31st. Needham & Company LLC increased their target price on shares of Unity Software from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday. Citigroup lifted their price target on shares of Unity Software from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Finally, JMP Securities upped 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 analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Unity Software has a consensus rating of “Hold” and a consensus target price of $38.40.

Unity Software Stock Performance

Shares of Unity Software stock traded up $0.09 on Friday, reaching $40.02. 10,885,911 shares of the stock were exchanged, compared to its average volume of 10,488,796. The firm has a market capitalization of $17.13 billion, a PE ratio of -38.12 and a beta of 2.37. Unity Software has a 1-year low of $15.33 and a 1-year high of $46.94. The business has a fifty day moving average price of $40.01 and a two-hundred day moving average price of $32.15. The company has a current ratio of 2.78, a quick ratio of 2.73 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last announced 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. Unity Software had a negative return on equity of 9.45% and a negative net margin of 24.15%.The company had revenue of $470.62 million for the quarter, compared to analyst estimates of $452.87 million. During the same quarter in the previous year, the company earned ($0.31) EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Unity Software has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Unity Software will post -1.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Unity Software

In related news, Director David Helgason sold 1,350,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $44.43, for a total transaction of $59,980,500.00. Following the sale, the director 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $39.83, for a total value of $9,957,500.00. Following the transaction, the director directly owned 1,548,146 shares of the company’s stock, valued at approximately $61,662,655.18. The trade was a 13.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 2,401,951 shares of company stock valued at $101,957,409. 3.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Unity Software

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

About Unity Software

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.