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

Unity Software (NYSE:U) had its price objective upped by Barclays from $18.00 to $26.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

U has been the subject of a number of other reports. Jefferies Financial Group lifted their price target on shares of Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Wedbush reissued an “outperform” rating and issued a $27.00 target price on shares of Unity Software in a research report on Thursday, February 13th. JMP Securities restated a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. HSBC raised Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Friday. Finally, UBS Group increased their target price on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.96.

Unity Software Price Performance

U opened at $28.31 on Friday. Unity Software has a one year low of $13.90 and a one year high of $33.43. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average price is $22.53 and its 200 day moving average price is $21.08.

Unity Software (NYSE:U) last announced its quarterly earnings results 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 for 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%. On average, research analysts forecast that Unity Software will post -1.25 earnings per share for the current fiscal year.

Insider Activity at Unity Software

In other Unity Software news, SVP Felix The sold 11,719 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $24.39, for a total value of $285,826.41. Following the sale, the senior vice president now directly owns 411,960 shares of the company’s stock, valued at approximately $10,047,704.40. This represents a 2.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Mark Barrysmith sold 1,362 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total transaction of $29,841.42. Following the completion of the sale, the chief accounting officer now owns 452,276 shares in the company, valued at $9,909,367.16. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 762,597 shares of company stock valued at $18,732,374 over the last 90 days. 6.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in U. Vanguard Group Inc. lifted its stake in Unity Software by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 31,123,035 shares of the company’s stock worth $699,335,000 after purchasing an additional 625,872 shares during the last quarter. Capital International Investors increased its stake in Unity Software by 10.4% in the fourth quarter. Capital International Investors now owns 18,886,853 shares of the company’s stock valued at $424,388,000 after purchasing an additional 1,786,032 shares during the last quarter. Norges Bank acquired a new stake in Unity Software during the fourth quarter worth approximately $269,320,000. Geode Capital Management LLC lifted its position in shares of Unity Software by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 4,769,609 shares of the company’s stock worth $107,208,000 after buying an additional 84,480 shares during the last quarter. Finally, Slate Path Capital LP acquired a new position in shares of Unity Software in the 4th quarter valued at $62,387,000. 73.46% of the stock is owned by institutional investors and hedge funds.

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.