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

Unity Software (NYSE:U) had its target price boosted by equities research analysts at Barclays from $18.00 to $26.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential downside of 6.99% from the company’s current price.

U has been the subject of several other research reports. Morgan Stanley upped their price target on shares of Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Wells Fargo & Company initiated coverage on shares of Unity Software in a research note on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective for the company. Macquarie increased their target price on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Friday, November 8th. HSBC raised 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. Finally, Wedbush reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Unity Software in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Unity Software currently has an average rating of “Hold” and a consensus price target of $24.68.

Unity Software Trading Up 30.2 %

U opened at $27.96 on Friday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock’s fifty day moving average is $22.45 and its two-hundred day moving average is $20.99. The company has a market capitalization of $11.26 billion, a P/E ratio of -13.70 and a beta of 2.32. Unity Software has a 52 week low of $13.90 and a 52 week high of $33.43.

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. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. Analysts forecast that Unity Software will post -1.72 earnings per share for the current year.

Insider Activity at Unity Software

In related news, SVP Felix The sold 11,719 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $24.39, for a total value of $285,826.41. Following the transaction, the senior vice president now directly owns 411,960 shares of the company’s stock, valued at $10,047,704.40. This represents a 2.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Mark Barrysmith sold 1,362 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $21.91, for a total value of $29,841.42. Following the completion of the transaction, the chief accounting officer now owns 452,276 shares of the company’s stock, valued at approximately $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 sold 679,264 shares of company stock valued at $16,612,383 in the last three months. 6.30% of the stock is owned by insiders.

Institutional Trading of Unity Software

Large investors have recently made changes to their positions in the business. Ariose Capital Management Ltd purchased a new position in shares of Unity Software during the fourth quarter worth $2,299,000. Charles Schwab Investment Management Inc. grew its position in Unity Software by 100.4% during 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 during the period. CIBC Asset Management Inc raised its stake in shares of Unity Software by 2,665.4% during the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock valued at $7,747,000 after buying an additional 330,088 shares during the last quarter. LMR Partners LLP acquired a new position in shares of Unity Software in the 3rd quarter valued at about $611,000. Finally, Edgestream Partners L.P. boosted its stake in shares of Unity Software by 637.9% in the third quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock worth $2,328,000 after buying an additional 88,955 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.