Needham & Company LLC Raises Unity Software (NYSE:U) Price Target to $54.00

Unity Software (NYSE:U) had its price objective raised by research analysts at Needham & Company LLC from $40.00 to $54.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 24.94% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Weiss Ratings raised shares of Unity Software from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. Citigroup dropped their target price 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. Wedbush boosted their target price on shares of Unity Software from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Unity Software from a “hold” rating to a “buy” rating and upped their price target for the company from $31.00 to $50.00 in a report on Friday. Finally, Wells Fargo & Company raised their price target on Unity Software from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.69.

Unity Software Trading Up 5.9%

Shares of U stock opened at $43.22 on Friday. Unity Software has a 12 month low of $16.78 and a 12 month high of $52.15. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $29.89 and its two-hundred day moving average is $26.57. The company has a market cap of $18.87 billion, a PE ratio of -27.61, a price-to-earnings-growth ratio of 4.20 and a beta of 2.04.

Insiders Place Their Bets

In related news, CEO Matthew S. Bromberg sold 138,993 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.18, for a total transaction of $3,777,829.74. Following the transaction, the chief executive officer 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 is available through this hyperlink. 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 company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.20, for a total transaction of $25,894.40. Following the transaction, the senior vice president owned 309,445 shares of the company’s stock, valued at approximately $8,416,904. The trade was a 0.31% decrease in their ownership of the stock. 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 have sold a total of 198,321 shares of company stock valued at $5,390,783 in the last 90 days. 0.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Unity Software

Several hedge funds have recently made changes to their positions in U. Renaissance Technologies LLC acquired a new stake in shares of Unity Software during the 1st quarter valued at about $54,534,000. Entropy Technologies LP acquired a new position in Unity Software in the first quarter worth about $1,985,000. Massachusetts Financial Services Co. MA raised its position in Unity Software by 9.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,905,820 shares of the company’s stock worth $128,350,000 after purchasing an additional 252,648 shares in the last quarter. FengHe Fund Management Pte. Ltd. lifted its stake in Unity Software by 287.0% during the fourth quarter. FengHe Fund Management Pte. Ltd. now owns 1,732,002 shares of the company’s stock worth $76,503,000 after purchasing an additional 1,284,400 shares during the period. Finally, KBC Group NV lifted its stake in Unity Software by 511.9% during the fourth quarter. KBC Group NV now owns 51,960 shares of the company’s stock worth $2,295,000 after purchasing an additional 43,468 shares during the period. Institutional investors own 73.46% of the company’s stock.

Trending Headlines about Unity Software

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

• Positive Sentiment: Unity reported second-quarter revenue of approximately $546.5 million, up about 24% year over year and above analyst estimates near $514 million. Adjusted earnings of $0.28 per share also exceeded expectations, compared with a loss in the prior-year period. Unity Reports Upbeat Q2 Results
• Positive Sentiment: Management projected third-quarter strategic revenue of $540 million to $550 million, ahead of the roughly $533.8 million consensus estimate, and forecast a 33% adjusted EBITDA margin. The outlook was supported by momentum in Vector, while management highlighted record free cash flow and the potential to reach GAAP profitability earlier than expected. Unity Q3 Forecast
• Positive Sentiment: Analysts broadly raised their views following the earnings beat. Bank of America, Deutsche Bank, Benchmark, and HSBC upgraded Unity to “buy,” with price targets generally ranging from $47.10 to $50. BTIG also raised its target to $51, reinforcing the market’s improved expectations for growth and execution. Analyst Forecasts After Unity Q2 Results
• Positive Sentiment: Options activity was also bullish, with investors purchasing 41,488 Unity call contracts—about 30% above typical daily volume—indicating increased speculative interest after the earnings release.

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.