Fintel reports that on August 3, 2023, Credit Suisse maintained coverage of Unity Software (NYSE:U) with a Outperform recommendation.
Analyst Price Forecast Suggests 1.69% Upside
As of August 2, 2023, the average one-year price target for Unity Software is 41.82. The forecasts range from a low of 12.12 to a high of $69.30. The average price target represents an increase of 1.69% from its latest reported closing price of 41.12.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Unity Software is 2,238MM, an increase of 23.80%. The projected annual non-GAAP EPS is 0.27.
What is the Fund Sentiment?
There are 804 funds or institutions reporting positions in Unity Software. This is a decrease of 8 owner(s) or 0.99% in the last quarter. Average portfolio weight of all funds dedicated to U is 0.48%, a decrease of 0.33%. Total shares owned by institutions decreased in the last three months by 5.43% to 262,274K shares. 
The put/call ratio of U is 0.46, 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 7.26% ownership of the company. No change in 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 11,936K shares representing 3.15% ownership of the company. In it's prior filing, the firm reported owning 12,308K shares, representing a decrease of 3.12%. The firm increased its portfolio allocation in U by 25.04% 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.
Additional reading:
- S H A R E H O L D E R L E T T E R Q 2 2 0 2 3 | A U G U S T 2 , 2 0 2 3 © 2023 Unity Technologies — 2 T H E W O R L D I S A B E T T E R P L A C E W I T H M O R E C R E A T O R S I N I T This is at the core of our business because we believe that
- S H A R E H O L D E R L E T T E R Q 1 2 0 2 3 | M A Y 1 0 , 2 0 2 3 © 2023 Unity Technologies — 2 T H E W O R L D I S A B E T T E R P L A C E W I T H M O R E C R E A T O R S I N I T Unity delivered a strong first quarter, ahead of expectations. W
- Employment Agreement, dated June 28, 2021 between Tomer Bar-Zeev and IronSource Ltd. and Welcome Letter, dated March 16, 2023, between Unity Software Inc. and Tomer Bar-Zeev
- Offer Letter, dated February 22, 2022, by and between Unity Technologies SF and Carol Carpenter
- Offer Letter, dated November 23, 2022, by and between Unity Technologies SF and Anirma Gupta
This story originally appeared on Fintel.
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