Wedbush Reaffirms Outperform Rating for Unity Software (NYSE:U)

Unity Software (NYSE:U)‘s stock had its “outperform” rating reissued by investment analysts at Wedbush in a research report issued on Thursday,Benzinga reports. They currently have a $30.00 price target on the stock. Wedbush’s price target indicates a potential upside of 10.68% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Wall Street Zen lowered Unity Software from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Needham & Company LLC reissued a “buy” rating and issued a $35.00 price target on shares of Unity Software in a research report on Friday, March 27th. Morgan Stanley raised their price objective on Unity Software from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. Wells Fargo & Company cut their price objective on shares of Unity Software from $38.00 to $29.00 and set an “overweight” rating on the stock in a report on Friday, March 27th. Finally, Freedom Capital upgraded shares of Unity Software to a “strong-buy” rating in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Unity Software presently has an average rating of “Moderate Buy” and a consensus target price of $37.25.

Unity Software Trading Up 2.6%

NYSE:U opened at $27.11 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.84 and a quick ratio of 1.84. Unity Software has a one year low of $16.78 and a one year high of $52.15. The company has a market cap of $11.83 billion, a PE ratio of -28.24, a PEG ratio of 9.73 and a beta of 2.04. The firm has a 50-day moving average of $21.50 and a 200-day moving average of $32.81.

Unity Software (NYSE:U) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. The business had revenue of $503.09 million for the quarter, compared to analysts’ expectations of $490.64 million. Unity Software had a negative net margin of 21.77% and a negative return on equity of 4.76%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.30) EPS. As a group, equities research analysts expect that Unity Software will post 0.13 EPS for the current fiscal year.

Insider Activity at Unity Software

In other Unity Software news, CAO Mark Barrysmith sold 10,578 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $18.07, for a total value of $191,144.46. Following the completion of the transaction, the chief accounting officer owned 383,901 shares in the company, valued at $6,937,091.07. This represents a 2.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Alexander Blum sold 2,541 shares of the firm’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 directly owned 548,425 shares of the company’s stock, valued at approximately $10,288,453. This represents a 0.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 41,684 shares of company stock valued at $773,350. 0.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Unity Software

Institutional investors have recently added to or reduced their stakes in the stock. REAP Financial Group LLC purchased a new position in Unity Software in the fourth quarter valued at about $28,000. Root Financial Partners LLC purchased a new stake in shares of Unity Software during the 3rd quarter worth approximately $27,000. V Square Quantitative Management LLC bought a new stake in shares of Unity Software in the 4th quarter worth approximately $30,000. Larson Financial Group LLC raised its holdings 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 worth $29,000 after purchasing an additional 341 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in Unity Software in the fourth quarter valued at approximately $36,000. Institutional investors own 73.46% of the company’s stock.

Key Headlines Impacting Unity Software

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.

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.