Benchmark Reiterates Unity Software (U) Sell Recommendation

Fintel reports that on May 11, 2023, Benchmark reiterated coverage of Unity Software (NYSE:U) with a Sell recommendation.

Analyst Price Forecast Suggests 12.75% Upside

As of May 11, 2023, the average one-year price target for Unity Software is 36.60. The forecasts range from a low of 12.12 to a high of $70.35. The average price target represents an increase of 12.75% from its latest reported closing price of 32.46.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Unity Software is 2,238MM, an increase of 42.43%. The projected annual non-GAAP EPS is 0.27.

What is the Fund Sentiment?

There are 815 funds or institutions reporting positions in Unity Software. This is a decrease of 8 owner(s) or 0.97% in the last quarter. Average portfolio weight of all funds dedicated to U is 0.49%, an increase of 16.36%. Total shares owned by institutions increased in the last three months by 4.84% to 274,124K shares. The put/call ratio of U is 0.64, indicating a bullish outlook.

What are Other Shareholders Doing?

Silver Lake Group, L.L.C. holds 34,984K shares representing 9.24% ownership of the company. No change in the last quarter.

Sc Us holds 27,500K shares representing 7.27% ownership of the company. In it's prior filing, the firm reported owning 27,553K shares, representing a decrease of 0.19%. The firm increased its portfolio allocation in U by 2.17% over the last quarter.

Resolute Advisors holds 21,395K shares representing 5.65% ownership of the company. In it's prior filing, the firm reported owning 21,560K shares, representing a decrease of 0.77%. The firm increased its portfolio allocation in U by 0.13% over the last quarter.

ARK Investment Management holds 12,308K shares representing 3.25% ownership of the company. In it's prior filing, the firm reported owning 10,972K shares, representing an increase of 10.85%. The firm increased its portfolio allocation in U by 0.94% over the last quarter.

Sc Xii Management holds 10,883K shares representing 2.87% ownership of the company. No change in the last quarter.

Unity Software Background Information
(This description is provided by the company.)

Unity Software, Inc. is the world's leading platform for creating and operating real-time 3D (RT3D) content. Creators, ranging from game developers to artists, architects, automotive designers, filmmakers, and others, use Unity to make their imaginations come to life. Unity's platform provides a comprehensive set of software solutions to create, run and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company's 1,800+ person research and development team keeps Unity at the forefront of development by working alongside partners to ensure optimized support for the latest releases and platforms. Apps developed by Unity creators were downloaded more than five billion times per month in 2020.

This story originally appeared on Fintel.