Unity Software (NYSE:U) Price Target Raised to $32.00

Unity Software (NYSE:U - Free Report) had its price objective boosted by Morgan Stanley from $26.00 to $32.00 in a research report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also recently weighed in on U. Macquarie upped their price objective on shares of Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a report on Friday, November 8th. UBS Group upped their price target on Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Benchmark upgraded Unity Software from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Jefferies Financial Group boosted their target price on Unity Software from $23.00 to $28.00 and gave the stock a "hold" rating in a report on Friday. Finally, Wells Fargo & Company raised their price target on Unity Software from $20.00 to $27.00 and gave the company an "equal weight" rating in a report on Friday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Unity Software currently has an average rating of "Hold" and a consensus target price of $25.96.

Unity Software Stock Down 5.9 %

Shares of U traded down $1.61 on Friday, reaching $25.67. The stock had a trading volume of 28,340,365 shares, compared to its average volume of 12,678,722. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software has a 12-month low of $13.90 and a 12-month high of $33.43. The firm has a market capitalization of $10.34 billion, a price-to-earnings ratio of -15.28 and a beta of 2.32. The company has a 50-day simple moving average of $22.58 and a 200-day simple moving average of $21.27.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.05. The business had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. Sell-side analysts predict that Unity Software will post -1.25 EPS for the current year.

Insider Activity

In related news, SVP Felix The sold 20,000 shares of Unity Software stock in a transaction on Friday, December 6th. The stock was sold at an average price of $27.43, for a total value of $548,600.00. Following the completion of the sale, the senior vice president now owns 391,960 shares of the company's stock, valued at $10,751,462.80. The trade was a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark Barrysmith sold 1,228 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $24.44, for a total value of $30,012.32. Following the completion of the transaction, the chief financial officer now directly owns 453,638 shares in the company, valued at approximately $11,086,912.72. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 742,766 shares of company stock valued at $18,248,777 over the last three months. Insiders own 6.30% of the company's stock.

Institutional Trading of Unity Software

Large investors have recently added to or reduced their stakes in the business. Creative Planning lifted its position in Unity Software by 13.7% during the third quarter. Creative Planning now owns 153,742 shares of the company's stock valued at $3,478,000 after purchasing an additional 18,547 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Unity Software by 54.0% in the third quarter. Blue Trust Inc. now owns 4,810 shares of the company's stock worth $109,000 after buying an additional 1,687 shares during the period. Signaturefd LLC lifted its position in shares of Unity Software by 106.1% during the 3rd quarter. Signaturefd LLC now owns 4,081 shares of the company's stock valued at $92,000 after buying an additional 2,101 shares in the last quarter. Greenleaf Trust bought a new position in shares of Unity Software during the 3rd quarter valued at approximately $310,000. Finally, International Assets Investment Management LLC increased its holdings in Unity Software by 1,787.9% in the 3rd quarter. International Assets Investment Management LLC now owns 14,839 shares of the company's stock worth $336,000 after acquiring an additional 14,053 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Unity Software Company Profile

Unity Software Inc operates a real-time 3D development platform. Its platform provides 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 offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.