Wall Street Analyst Downgrade Unity Software Inc. [U]. What else is Wall St. saying

Unity Software Inc. [NYSE: U] stock went on a downward path that fall over -5.84% on Tuesday, amounting to a one-week price decrease of less than -2.57%. The company report on December 5, 2022 that Witnessed by Coordinating Minister for Maritime Affairs & Investment, Luhut Binsar Panjaitan, and Minister of Investment, Bahlil Lahadalia, WIR Group Signed Memorandum of Understanding with Unity for Co-Development of Nusameta.


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Synergy between WIR Group and Unity aims to create interactive and highly immersive real-time 3D (RT3D) content for the Indonesia metaverse ecosystem, Nusameta, which is expected to launch in 2023.

Bali, Indonesia–(Newsfile Corp. – December 5, 2022) – PT WIR ASIA Tbk (WIR Group), the leading Augmented Reality (AR), Virtual Reality (VR) and Artificial Intelligence (AI) technology company in Southeast Asia signed an Memorandum of Understanding to collaborate with Unity (NYSE:U), the world’s leading platform for creating and operating interactive, real-time 3D (RT3D) content, for co-development an immersive virtual project Nusameta, an Indonesia metaverse ecosystem.

Over the last 12 months, U stock dropped by -81.17%. The one-year Unity Software Inc. stock forecast points to a potential upside of 23.15. The average equity rating for U stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $10.81 billion, with 403.04 million shares outstanding and 323.04 million shares in the current float. Compared to the average trading volume of 11.64M shares, U stock reached a trading volume of 8832122 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Unity Software Inc. [U]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for U shares is $35.03 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on U stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BTIG Research have made an estimate for Unity Software Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 08, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on November 28, 2022, representing the official price target for Unity Software Inc. stock. Previously, the target price had yet another raise to $36, while Goldman analysts kept a Neutral rating on U stock. On October 28, 2022, analysts decreased their price target for U shares from 42 to 38.

The Average True Range (ATR) for Unity Software Inc. is set at 2.26, with the Price to Sales ratio for U stock in the period of the last 12 months amounting to 8.61. The Price to Book ratio for the last quarter was 3.65, with the Price to Cash per share for the same quarter was set at 4.20.

U Stock Performance Analysis:

Unity Software Inc. [U] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.57. With this latest performance, U shares dropped by -33.76% in over the last four-week period, additionally sinking by -36.40% over the last 6 months – not to mention a drop of -81.17% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for U stock in for the last two-week period is set at 38.63, with the RSI for the last a single of trading hit 35.48, and the three-weeks RSI is set at 41.23 for Unity Software Inc. [U]. The present Moving Average for the last 50 days of trading for this stock 31.01, while it was recorded at 27.40 for the last single week of trading, and 45.68 for the last 200 days.

Insight into Unity Software Inc. Fundamentals:

Unity Software Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.40 and a Current Ratio set at 3.40.

Unity Software Inc. [U] Insider Position Details

There are presently around $7,038 million, or 57.30% of U stock, in the hands of institutional investors. The top three institutional holders of U stocks are: SILVER LAKE GROUP, L.L.C. with ownership of 34,984,419, which is approximately 0% of the company’s market cap and around 1.90% of the total institutional ownership; SC US (TTGP), LTD., holding 27,552,684 shares of the stock with an approximate value of $741.72 million in U stocks shares; and RESOLUTE ADVISORS LLC, currently with $580.36 million in U stock with ownership of nearly -0.915% of the company’s market capitalization.

Positions in Unity Software Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 303 institutional holders increased their position in Unity Software Inc. [NYSE:U] by around 42,020,138 shares. Additionally, 258 investors decreased positions by around 35,956,980 shares, while 92 investors held positions by with 183,458,016 shares. The mentioned changes placed institutional holdings at 261,435,134 shares, according to the latest SEC report filing. U stock had 103 new institutional investments in for a total of 16,696,537 shares, while 116 institutional investors sold positions of 9,419,560 shares during the same period.

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