Morgan Stanley Forecasts Strong Price Appreciation for Unity Software (NYSE:U) Stock

Unity Software (NYSE:U - Get Free Report) had its price target hoisted by Morgan Stanley from $24.00 to $26.00 in a report issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Morgan Stanley's price objective would suggest a potential upside of 19.65% from the company's previous close.

U has been the topic of several other research reports. Benchmark upped their target price on Unity Software from $10.00 to $15.00 and gave the stock a "sell" rating in a report on Friday, November 8th. Oppenheimer reaffirmed a "market perform" rating on shares of Unity Software in a research report on Friday, October 18th. Barclays boosted their price objective on shares of Unity Software from $16.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. UBS Group raised their target price on shares of Unity Software from $15.00 to $20.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Finally, Needham & Company LLC boosted their price target on Unity Software from $23.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $22.58.

Unity Software Stock Up 4.0 %

U traded up $0.83 during trading on Monday, reaching $21.73. The company had a trading volume of 10,588,782 shares, compared to its average volume of 13,488,324. The business's fifty day moving average price is $23.01 and its 200 day moving average price is $19.94. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software has a 12 month low of $13.90 and a 12 month high of $35.56. The company has a market cap of $8.75 billion, a P/E ratio of -10.65 and a beta of 2.32.

Insider Transactions at Unity Software

In other news, Director Tomer Bar-Zeev sold 250,000 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the completion of the sale, the director now owns 4,248,146 shares of the company's stock, valued at approximately $74,427,517.92. This represents a 5.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Shlomo Dovrat sold 3,750 shares of Unity Software stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $17.99, for a total transaction of $67,462.50. Following the completion of the transaction, the director now directly owns 2,394,935 shares in the company, valued at $43,084,880.65. This trade represents a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 762,669 shares of company stock valued at $17,480,869. 6.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company's stock valued at $28,000 after buying an additional 949 shares during the period. Planning Capital Management Corp bought a new stake in Unity Software during the 3rd quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. increased its position in Unity Software by 163.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company's stock valued at $36,000 after acquiring an additional 1,389 shares during the period. Brooklyn Investment Group bought a new position in shares of Unity Software during the third quarter valued at $43,000. Finally, Versant Capital Management Inc grew its stake in shares of Unity Software by 186.9% in the fourth quarter. Versant Capital Management Inc now owns 2,812 shares of the company's stock worth $63,000 after purchasing an additional 1,832 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company's stock.

About Unity Software

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.