Barclays Issues Positive Forecast for Unity Software (NYSE:U) Stock Price

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

A number of other research firms have also weighed in on U. Morgan Stanley lifted their price objective on Unity Software from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. UBS Group boosted their price target on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Macquarie raised their price objective 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. Needham & Company LLC boosted 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. Finally, JMP Securities restated a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.96.

Unity Software Trading Up 1.1 %

Shares of NYSE U opened at $28.31 on Friday. Unity Software has a 52 week low of $13.90 and a 52 week high of $33.43. The business’s 50 day moving average price is $22.53 and its 200 day moving average price is $21.08. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The business had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. On average, equities analysts predict that Unity Software will post -1.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other Unity Software news, CAO Mark Barrysmith sold 1,395 shares of Unity Software stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $21.68, for a total transaction of $30,243.60. Following the sale, the chief accounting officer now owns 450,881 shares of the company’s stock, valued at $9,775,100.08. The trade was a 0.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the completion of the sale, the director now owns 3,648,146 shares of the company’s stock, valued at $91,276,612.92. This trade represents a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 762,597 shares of company stock worth $18,732,374. Corporate insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Unity Software

Institutional investors and hedge funds have recently bought and sold shares of the business. Soviero Asset Management LP acquired a new stake in Unity Software in the 4th quarter valued at about $2,247,000. Sphera Management Technology Funds Ltd purchased a new stake in shares of Unity Software in the fourth quarter valued at approximately $1,128,000. Two Sigma Advisers LP acquired a new stake in shares of Unity Software in the fourth quarter valued at approximately $494,000. Two Sigma Investments LP purchased a new position in Unity Software during the fourth quarter worth approximately $22,999,000. Finally, Tidal Investments LLC boosted its stake in Unity Software by 32.6% during the fourth quarter. Tidal Investments LLC now owns 20,428 shares of the company’s stock worth $459,000 after buying an additional 5,018 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

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.