Unity Software (NYSE:U) Price Target Raised to $43.00 at BTIG Research

Unity Software (NYSE:U) had its price target boosted by equities researchers at BTIG Research from $39.00 to $43.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price target would suggest a potential upside of 60.98% from the stock’s previous close.

U has been the subject of several other research reports. Citizens Jmp reaffirmed a “market outperform” rating and set a $37.00 price target on shares of Unity Software in a report on Friday, March 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Unity Software in a research note on Wednesday, January 21st. The Goldman Sachs Group reduced their target price on shares of Unity Software from $47.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, February 12th. Wall Street Zen downgraded shares of Unity Software from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Bank of America increased their price target 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. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.25.

Unity Software Stock Performance

Shares of NYSE U traded down $0.57 during midday trading on Thursday, reaching $26.71. 25,742,752 shares of the company were exchanged, compared to its average volume of 16,494,994. The stock has a market cap of $11.66 billion, a P/E ratio of -27.92, a PEG ratio of 10.07 and a beta of 2.04. Unity Software has a 1 year low of $16.78 and a 1 year high of $52.15. The stock has a fifty day simple moving average of $21.89 and a 200 day simple moving average of $32.63. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.52.

Unity Software (NYSE:U) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.24 EPS for the quarter, beating 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 firm had revenue of $503.09 million during the quarter, compared to the consensus estimate of $490.64 million. During the same period in the prior year, the business earned ($0.30) EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, research analysts forecast that Unity Software will post 0.13 earnings per share for the current fiscal year.

Insider Activity

In other Unity Software news, CAO Mark Barrysmith sold 10,578 shares of the stock in a transaction dated Wednesday, February 25th. The shares were 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 directly owned 383,901 shares of the company’s stock, valued at approximately $6,937,091.07. This trade represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Alexander Blum sold 10,164 shares of Unity Software stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $18.07, for a total transaction of $183,663.48. Following the sale, the chief operating officer owned 550,966 shares of the company’s stock, valued at approximately $9,955,955.62. The trade was a 1.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 41,684 shares of company stock worth $773,350 in the last 90 days. 0.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Unity Software

Several hedge funds have recently bought and sold shares of the company. KBC Group NV boosted its position in Unity Software by 1.0% during the first quarter. KBC Group NV now owns 52,505 shares of the company’s stock worth $1,152,000 after purchasing an additional 545 shares in the last quarter. Swiss National Bank lifted its holdings in Unity Software by 0.4% in the 1st quarter. Swiss National Bank now owns 627,400 shares of the company’s stock valued at $13,765,000 after purchasing an additional 2,600 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Unity Software by 1.2% during the first quarter. California Public Employees Retirement System now owns 558,113 shares of the company’s stock valued at $12,245,000 after buying an additional 6,474 shares during the period. Wealthfront Advisers LLC boosted its holdings in shares of Unity Software by 22.6% during the first quarter. Wealthfront Advisers LLC now owns 17,148 shares of the company’s stock worth $376,000 after purchasing an additional 3,157 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in Unity Software by 85.2% during the first quarter. Illinois Municipal Retirement Fund now owns 62,671 shares of the company’s stock worth $1,375,000 after buying an additional 28,833 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

Unity Software News Summary

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

• Positive Sentiment: Q1 revenue beat: Unity reported Q1 revenue of about $508M, up ~17% year‑over‑year and slightly above consensus, showing continued sales growth. Read More.
• Positive Sentiment: Large call‑option activity: Unusually heavy call buying (roughly 58k calls) suggests some traders are positioning for upside or event-driven moves. (May indicate bullish speculative interest; watch open interest/expiry.)
• Positive Sentiment: Analyst support: UBS raised its price target to $28, a modest positive from the sell‑side that can support the stock. Read More.
• Neutral Sentiment: Guidance roughly in line: Unity updated Q2 revenue guidance to a $505M–$515M range, which is close to consensus — neither a clear beat nor a big miss. (Guidance tends to mute extreme moves.)
• Neutral Sentiment: Earnings call transcript available for details — useful for color on product roadmaps, cost saves, and ad business wind‑down. Read More.
• Negative Sentiment: Major impairment charge: Unity took a $279M impairment tied to shutting down the ironSource ad network and selling its Supersonic publishing unit — a sizable one‑time hit that clouds profitability and raises execution questions. Read More.
• Negative Sentiment: EPS miss / mixed earnings read: Reported EPS was roughly $0.23–$0.24 (sources vary) and at least one estimate (Zacks) flagged a $0.01 miss, leaving investors focused on margins and the impact of the impairment. 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.