Unity Software (NYSE:U) Given New $26.00 Price Target at Morgan Stanley

Unity Software (NYSE:U) had its price objective raised by Morgan Stanley from $24.00 to $26.00 in a research note published on Monday,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Several other equities analysts have also recently issued reports on U. UBS Group raised their price target on Unity Software from $15.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Barclays lifted their price objective on shares of Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. 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. Wells Fargo & Company began coverage on shares of Unity Software in a research note on Monday, October 28th. They issued an “equal weight” rating and a $20.00 target price for the company. Finally, Macquarie raised their target price on shares of Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.58.

Unity Software Price Performance

NYSE U opened at $21.73 on Monday. Unity Software has a 1 year low of $13.90 and a 1 year high of $35.56. The company has a fifty day simple moving average of $23.01 and a 200 day simple moving average of $19.94. The company has a market cap of $8.75 billion, a P/E ratio of -10.65 and a beta of 2.32. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Insider Activity at Unity Software

In other Unity Software news, SVP Felix The sold 20,000 shares of the company’s 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 transaction, the senior vice president now owns 391,960 shares in the company, valued at $10,751,462.80. This represents a 4.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the transaction, the director now directly owns 4,248,146 shares of the company’s stock, valued at approximately $74,427,517.92. This trade represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 762,669 shares of company stock worth $17,480,869 in the last quarter. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Unity Software

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in shares of Unity Software by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after purchasing an additional 413,474 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Unity Software by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company’s stock valued at $37,806,000 after buying an additional 200,008 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Unity Software by 100.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after purchasing an additional 944,709 shares in the last quarter. Primecap Management Co. CA grew its holdings in shares of Unity Software by 7.1% during the third quarter. Primecap Management Co. CA now owns 811,994 shares of the company’s stock valued at $18,367,000 after buying an additional 53,541 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Unity Software by 161.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 579,179 shares of the company’s stock worth $9,417,000 after purchasing an additional 357,500 shares in the last quarter. 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.