Unity Software (NYSE:U) Price Target Lowered to $25.00 at Morgan Stanley

Unity Software (NYSE:U) had its price target lowered by Morgan Stanley from $32.00 to $25.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities research analysts also recently commented on the stock. Macquarie initiated coverage on shares of Unity Software in a research note on Monday, March 10th. They set a “neutral” rating and a $24.00 price objective for the company. Hsbc Global Res upgraded Unity Software to a “strong-buy” rating in a research note on Friday, February 21st. Citigroup upgraded Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, March 11th. Wells Fargo & Company dropped their target price on Unity Software from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Finally, HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.96.

Unity Software Stock Up 1.6 %

Unity Software stock opened at $19.20 on Thursday. Unity Software has a 1-year low of $13.90 and a 1-year high of $30.88. The business has a fifty day moving average price of $21.54 and a 200-day moving average price of $22.03. 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 stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of -11.43 and a beta of 2.31.

Unity Software (NYSE:U) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.05. The business had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. Equities research analysts forecast that Unity Software will post -1.25 EPS for the current fiscal year.

Insider Activity at Unity Software

In other news, Director Tomer Bar-Zeev sold 166,667 shares of Unity Software stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total value of $3,498,340.33. Following the sale, the director now directly owns 3,481,479 shares of the company’s stock, valued at $73,076,244.21. The trade was a 4.57 % 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, CAO Mark Barrysmith sold 1,445 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $20.61, for a total value of $29,781.45. Following the completion of the transaction, the chief accounting officer now owns 483,417 shares in the company, valued at $9,963,224.37. The trade was a 0.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 780,636 shares of company stock valued at $17,904,132. 6.30% of the stock is owned by company insiders.

Institutional Trading of Unity Software

Several large investors have recently bought and sold shares of U. GAMMA Investing LLC increased its holdings in shares of Unity Software by 33.6% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares during the last quarter. Principal Securities Inc. grew its holdings in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Unity Software by 3.5% in the 4th quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company’s stock worth $324,000 after acquiring an additional 488 shares during the last quarter. Bouvel Investment Partners LLC raised its holdings in shares of Unity Software by 1.7% during the 1st quarter. Bouvel Investment Partners LLC now owns 35,595 shares of the company’s stock worth $697,000 after acquiring an additional 580 shares during the period. Finally, Tidal Investments LLC boosted its position in shares of Unity Software by 4.9% during the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock valued at $349,000 after acquiring an additional 723 shares during the last quarter. Hedge funds and other institutional investors 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.