B of A Securities has upgraded their outlook for Unity Software (NYSE:U) from Neutral to Buy on September 15, 2023, according to Fintel reports. The average one-year price target for Unity Software is $45.50 as of August 31, 2023, which represents a 27.41% increase from its latest closing price of $35.71. The projected annual revenue for Unity Software is $2,238MM, indicating a 23.80% increase. The projected annual non-GAAP EPS is $0.27. Currently, there are 813 funds or institutions reporting positions in Unity Software, which is an increase of 4 owners or 0.49% in the last quarter. The average portfolio weight of all funds dedicated to U is 0.46%, which is a decrease of 6.17%. Institutions’ total shares owned have increased by 1.82% in the last three months to 268,127K shares. The put/call ratio of U is 0.57, suggesting a bullish outlook. Among other shareholders, Silver Lake Group, L.L.C. holds 34,984K shares representing 9.12% ownership of the company, with no change in the last quarter. Sc Us holds 27,446K shares (7.16% ownership), with a slight decrease of 0.20% from its prior filing. Resolute Advisors holds 18,301K shares (4.77% ownership), with a decrease of 16.91% from its prior filing. ARK Investment Management holds 11,936K shares (3.11% ownership), with a decrease of 3.12% from its prior filing. Sc Xii Management holds 10,883K shares (2.84% ownership) with no change in the last quarter. Unity Software, Inc. is a leading platform for creating and operating real-time 3D (RT3D) content. It is used by creators, including game developers, artists, architects, automotive designers, filmmakers, and others, to bring their imaginations to life. Unity provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content across various devices. In 2020, apps developed by Unity creators were downloaded more than five billion times per month. Fintel is a comprehensive investing research platform that offers data on fundamentals, analyst reports, ownership data, fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and more. Their stock picks are powered by advanced, backtested quantitative models for improved profits. Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect those of Nasdaq, Inc.
By James Taylor
James Taylor
A writer and finance enthusiast who loves diving into the exciting world of stocks, commodities, forex, and crypto. I'm all about making the financial markets less intimidating and more accessible, so I write engaging content that simplifies complex concepts and shares practical investment strategies. Whether you're a seasoned investor or just getting started, I've got your back! But hey, life isn't all about work, right? On weekends, you'll find me hanging out and having a blast with my awesome friends and family. We love bonding over shared interests, trying out new adventures, and simply enjoying each other's company. Striking that balance between work and play is super important to me, because what's the point of success if you can't share it with the people you love? So, if you're up for some financial market insights and a good dose of weekend fun, stick around! Together, we'll navigate the money world and make the most of our time off. Let's learn, grow, and create memories along the way!
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