According to Fintel, Oppenheimer reiterated its coverage of Unity Software (NYSE:U) with a Perform recommendation on September 15, 2023.
The average one-year price target for Unity Software as of August 31, 2023, is $45.50, with a range from $12.12 to $64.05. This represents a potential increase of 27.41% from the latest reported closing price of $35.71.
For Unity Software, the projected annual revenue is $2,238MM, a 23.80% increase, and the projected annual non-GAAP EPS is $0.27.
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There are currently 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%, a decrease of 6.17%. Institutions own a total of 268,127K shares, an increase of 1.82% in the last three months.
The put/call ratio of U is 0.57, indicating a bullish outlook.
Some major shareholders of Unity Software include Silver Lake Group, L.L.C., which holds 34,984K shares representing 9.12% ownership, with no change in the last quarter. Sc Us holds 27,446K shares, representing 7.16% ownership, with a decrease of 0.20% from its prior filing. Resolute Advisors holds 18,301K shares, representing 4.77% ownership, with a decrease of 16.91% from its prior filing. ARK Investment Management holds 11,936K shares, representing 3.11% ownership, with a decrease of 3.12% from its prior filing. Sc Xii Management holds 10,883K shares, representing 2.84% ownership, with no change in the last quarter.
Unity Software, Inc. is the world’s leading platform for creating and operating real-time 3D (RT3D) content. The company provides software solutions for creating, running, and monetizing interactive, real-time 2D and 3D content across various devices. Unity has a strong research and development team and its apps have been downloaded over five billion times per month in 2020.
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This story originally appeared on Fintel.
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