Unity Software (NYSE:U) Shares Gap Up – Here’s What Happened

Unity Software Inc. (NYSE:U) gapped up before the market opened on Wednesday . The stock had previously closed at $37.00, but opened at $39.01. Unity Software shares last traded at $39.3720, with a volume of 4,328,231 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on U. Hsbc Global Res lowered shares of Unity Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft began coverage on Unity Software in a research report on Wednesday, October 22nd. They issued a “hold” rating and a $39.00 target price for the company. Wells Fargo & Company raised their target price on Unity Software from $37.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. UBS Group upped their price target on Unity Software from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Finally, Macquarie raised Unity Software from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $33.00 to $50.00 in a research report on Friday, November 7th. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $38.52.

Unity Software Stock Up 3.5%

The company has a debt-to-equity ratio of 0.70, a current ratio of 2.78 and a quick ratio of 2.78. The stock has a 50 day simple moving average of $39.40 and a 200-day simple moving average of $33.23. The firm has a market cap of $16.70 billion, a PE ratio of -37.21 and a beta of 2.37.

Unity Software (NYSE:U) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $470.62 million during the quarter, compared to analyst estimates of $452.87 million. During the same quarter in the previous year, the firm earned ($0.31) EPS. Unity Software’s quarterly revenue was up 5.4% compared to the same quarter last year. Unity Software has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Insider Activity at Unity Software

In other Unity Software news, SVP Anirma Gupta sold 2,734 shares of Unity Software stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $37.85, for a total value of $103,481.90. Following the completion of the sale, the senior vice president owned 175,510 shares of the company’s stock, valued at approximately $6,643,053.50. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $37.98, for a total value of $9,495,000.00. Following the transaction, the director directly owned 1,298,146 shares in the company, valued at approximately $49,303,585.08. The trade was a 16.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,441,716 shares of company stock valued at $103,695,960 over the last ninety days. Corporate insiders own 3.61% of the company’s stock.

Hedge Funds Weigh In On Unity Software

A number of hedge funds have recently bought and sold shares of U. Root Financial Partners LLC purchased a new stake in shares of Unity Software during the 3rd quarter valued at about $27,000. Larson Financial Group LLC lifted its position in Unity Software by 88.1% during the third quarter. Larson Financial Group LLC now owns 728 shares of the company’s stock valued at $29,000 after purchasing an additional 341 shares during the period. Aster Capital Management DIFC Ltd bought a new position in Unity Software during the third quarter valued at approximately $38,000. Salem Investment Counselors Inc. purchased a new stake in Unity Software in the third quarter worth approximately $40,000. Finally, CX Institutional bought a new stake in Unity Software in the 2nd quarter worth approximately $25,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Company Profile

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.