Home Hedge Funds Unity Software Receives Market Perform Rating from Oppenheimer, Hedge Fund Activity and...

Unity Software Receives Market Perform Rating from Oppenheimer, Hedge Fund Activity and Recent Trading Data Analyzed for Potential Insights


On September 17, 2023, Oppenheimer reaffirmed its “market perform” rating for Unity Software (NYSE:U), according to a note issued to investors by the financial research and analysis platform Benzinga.

During mid-day trading on Friday, NYSE U experienced an increase of $0.56, reaching a price of $36.27. The stock had a trading volume of 11,769,905 shares, compared to its average volume of 11,131,105. With a market capitalization of $13.91 billion, Unity Software sustains a low price-to-earnings ratio (-12.65) and possesses a beta of 2.41. The company maintains a debt-to-equity ratio of 0.78 along with current and quick ratios of 2.46 each. Additionally, Unity Software’s fifty-day moving average stock price is $39.65 with a 200-day moving average price standing at $34.47. Its one-year low is recorded at $21.22 while its one-year high was $50.08.

Notably, several hedge funds have recently adjusted their positions in U (Unity Software). In the second quarter, Front Row Advisors LLC augmented its stake in Unity Software by an astonishing 15,550%—now owning 626 shares worth approximately $27,000 after purchasing an additional 622 shares last quarter. Another notable example includes Compagnie Lombard Odier SCmA, which raised its investment in Unity Software by an impressive rate of 2,000% during Q4 in the prior year—now possessing 1,050 shares valued at $30k.

Additionally Meitav Investment House Ltd., purchased a new position worth roughly $30k in Unity Software during Q2 this year; Bessemer Group Inc., similarly acquired new holdings amounting to around $33k during Q1; and IFP Advisors Inc. increased its stake in Unity Software by an astounding 373.7% during Q2, now owning 919 shares valued at $40k.

Regarding Unity Software’s financial performance, the latest quarterly earnings data was reported on August 2nd. For that quarter, the company exceeded analysts’ consensus estimates by reporting earnings per share (EPS) of ($0.26), surpassing expectations by $0.04. The firm achieved revenues of $533.48 million during the same period, compared to a consensus estimate of $514.80 million. Additionally, Unity Software recorded a negative net margin of 54.46% and a negative return on equity of 19.44%. Based on average research analyst projections, Unity Software is expected to post -$0.88 earnings per share for the current year.

Overall, with Oppenheimer reiterating its “market perform” rating and taking into account recent trading data and hedge fund activity, investors can gain valuable insights into Unity Software’s status in the market and make informed investment decisions accordingly.

Unity Software Inc.



Updated on: 18/09/2023

Price Target

Current $33.45

Concensus $82.43

Low $0.00

Median $68.00

High $0.00

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Social Sentiments

6:00 PM (UTC)

Date:18 September, 2023

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Analyst Ratings

Analyst / firm Rating
Morgan Stanley Sell
Stifel Stifel
Stifel Nicolaus
Brent Bracelin
Piper Sandler
Bernie McTernan
Bernie McTernan

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As of Thursday, August 3rd, several brokerages have provided their comments and target price revisions for Unity Software. Stifel Nicolaus increased their target price from $40.00 to $50.00, while Needham & Company LLC raised it from $44.00 to $50.00 and maintained a “buy” rating for the stock. Barclays also updated its price target from $40.00 to $42.00 and gave the company an “equal weight” rating. Piper Sandler expressed their optimism by raising their target price from $43.00 to $48.00 and labeling the stock as “overweight.” DA Davidson was in agreement with the positive sentiment and elevated its target price from $45.00 to $50.00.

According to Bloomberg.com’s data, Unity Software currently holds a consensus rating of “Moderate Buy” with an average price target of $43.69. One investment analyst recommends selling the stock, six advise holding it, while ten encourage buying.

Turning our attention towards recent insider activity within Unity Software, Marc Whitten sold 6,200 shares of the company’s stock on Monday, August 28th at an average price of $34.44 per share, resulting in a total transaction value of $213,528. Following this sale, Whitten now possesses 667,433 shares directly in the company, carrying an estimated value of approximately $22,986,392.52.

Furthermore, Carol W. Carpenter also participated in a similar transaction on Monday, August 28th by selling 9,095 shares at an average price of $34.44 per share amounting to a total sum of $313,231.80. As a result of this transaction, Carpenter’s direct ownership stake decreased to 376,833 shares valued at roughly $12,978,128.

The information regarding these insider transactions was disclosed through required filings with the Securities and Exchange Commission (SEC) and can be accessed on their official website. It is worth noting that over the past ninety days, insiders have collectively sold 595,621 shares of Unity Software, valued at $24,534,143. Approximately 9.00% of the company’s stock is currently owned by insiders.

Though perplexing in nature due to the range of recent target price revisions and insider trading activities surrounding Unity Software, it is evident that the overall sentiment towards this technology company remains positive. Investors and market-watchers will likely continue to monitor Unity Software closely based on these recent developments.

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