Unity Software (NYSE:U) Price Target Raised to $26.00

Unity Software (NYSE:U - Free Report) had its price target boosted by Barclays from $18.00 to $26.00 in a report published on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also recently commented on the stock. UBS Group boosted their price target on shares of Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Needham & Company LLC increased their target price on shares of Unity Software from $26.00 to $33.00 and gave the company a "buy" rating in a research note on Friday. HSBC upgraded shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price target on the stock in a research report on Friday. Jefferies Financial Group lifted their target price on Unity Software from $20.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Finally, Benchmark raised Unity Software from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $25.96.

Unity Software Price Performance

Shares of Unity Software stock traded down $1.61 on Friday, hitting $25.67. The company had a trading volume of 28,335,608 shares, compared to its average volume of 12,676,597. Unity Software has a 52 week low of $13.90 and a 52 week high of $33.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The company has a market cap of $10.34 billion, a PE ratio of -15.28 and a beta of 2.32. The business 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 issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The firm had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Research analysts expect that Unity Software will post -1.25 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director David Helgason sold 7,860 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $26.45, for a total transaction of $207,897.00. Following the transaction, the director now owns 10,493 shares in the company, valued at $277,539.85. This represents a 42.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Barrysmith sold 1,228 shares of Unity Software stock in a transaction on Monday, December 16th. The shares were sold at an average price of $24.44, for a total transaction of $30,012.32. Following the completion of the sale, the chief financial officer now directly owns 453,638 shares of the company's stock, valued at approximately $11,086,912.72. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 742,766 shares of company stock worth $18,248,777. Corporate insiders own 6.30% of the company's stock.

Institutional Trading of Unity Software

Institutional investors and hedge funds have recently made changes to their positions in the stock. Anderson Financial Strategies LLC acquired a new position in Unity Software during the 4th quarter worth $28,000. R Squared Ltd acquired a new stake in Unity Software in the 4th quarter valued at approximately $30,000. Principal Securities Inc. lifted its holdings in shares of Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after buying an additional 477 shares during the last quarter. Planning Capital Management Corp acquired a new stake in shares of Unity Software in the third quarter worth $34,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Unity Software during the fourth quarter worth $36,000. Institutional investors and hedge funds own 73.46% of the company's stock.

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.