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

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

A number of other research analysts also recently weighed in on U. Needham & Company LLC lifted their price target on Unity Software from $26.00 to $33.00 and gave the company a "buy" rating in a report on Friday, February 21st. Benchmark upgraded shares of Unity Software from a "sell" rating to a "hold" rating in a report on Thursday, February 20th. Wells Fargo & Company lowered their price objective on Unity Software from $22.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Hsbc Global Res raised shares of Unity Software to a "strong-buy" rating in a research report on Friday, February 21st. Finally, HSBC raised Unity Software from a "hold" rating to a "buy" rating and set a $34.00 target price on the stock in a report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.96.

Unity Software Price Performance

Shares of NYSE:U traded up $1.02 during trading on Thursday, reaching $20.27. The company had a trading volume of 7,315,495 shares, compared to its average volume of 10,889,541. The firm's fifty day moving average is $21.53 and its 200 day moving average is $22.01. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The firm has a market capitalization of $8.30 billion, a PE ratio of -12.07 and a beta of 2.31. Unity Software has a twelve month low of $13.90 and a twelve month high of $30.88.

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

Insiders Place Their Bets

In other Unity Software news, CAO Mark Barrysmith sold 1,395 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total value of $30,243.60. Following the transaction, the chief accounting officer now directly owns 450,881 shares in the company, valued at approximately $9,775,100.08. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Alexander Blum sold 1,479 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $25.26, for a total value of $37,359.54. Following the completion of the sale, the chief operating officer now directly owns 495,648 shares of the company's stock, valued at approximately $12,520,068.48. This trade represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 782,231 shares of company stock valued at $17,933,528. 6.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Unity Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Unity Software in the 4th quarter valued at $269,320,000. Slate Path Capital LP bought a new position in Unity Software during the fourth quarter worth $62,387,000. Capital International Investors grew its stake in Unity Software by 10.4% in the 4th quarter. Capital International Investors now owns 18,886,853 shares of the company's stock valued at $424,388,000 after buying an additional 1,786,032 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Unity Software by 3,843.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,769,948 shares of the company's stock valued at $39,771,000 after purchasing an additional 1,725,070 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Unity Software by 366.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company's stock worth $43,505,000 after purchasing an additional 1,521,165 shares during the last quarter. 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.