Unity Software (NYSE:U) Given New $23.00 Price Target at Jefferies Financial Group

Unity Software (NYSE:U) had its target price upped by analysts at Jefferies Financial Group from $20.00 to $23.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential downside of 0.35% from the company’s previous close.

A number of other brokerages also recently issued reports on U. Macquarie raised their target price on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Friday, November 8th. Stifel Nicolaus raised their price objective on shares of Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Barclays boosted their target price 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. JMP Securities restated a “market perform” rating on shares of Unity Software in a report on Friday, September 13th. Finally, Wells Fargo & Company assumed coverage on shares of Unity Software in a research report on Monday, October 28th. They set an “equal weight” rating and a $20.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.27.

Unity Software Price Performance

U stock opened at $23.08 on Monday. Unity Software has a 1 year low of $13.90 and a 1 year high of $39.29. 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 firm has a market capitalization of $9.30 billion, a PE ratio of -11.31 and a beta of 2.32. The business has a 50 day simple moving average of $22.88 and a 200-day simple moving average of $19.77.

Insider Buying and Selling at Unity Software

In other Unity Software news, CFO Mark Barrysmith sold 8,112 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $24.38, for a total transaction of $197,770.56. Following the sale, the chief financial officer now owns 454,866 shares in the company, valued at $11,089,633.08. This represents a 1.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Felix The sold 20,000 shares of Unity Software stock in a transaction dated Friday, December 6th. The shares were 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 of the company’s stock, valued at $10,751,462.80. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 762,669 shares of company stock valued at $17,480,869 in the last three months. 6.30% of the stock is owned by corporate insiders.

Institutional Trading of Unity Software

Several hedge funds have recently added to or reduced their stakes in U. Charles Schwab Investment Management Inc. lifted its holdings 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 buying an additional 944,709 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Unity Software during the second quarter worth approximately $2,535,000. CIBC Asset Management Inc boosted its holdings in Unity Software by 2,665.4% in the third quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock valued at $7,747,000 after purchasing an additional 330,088 shares in the last quarter. LMR Partners LLP purchased a new position in Unity Software in the third quarter valued at approximately $611,000. Finally, Edgestream Partners L.P. raised its holdings in Unity Software by 637.9% during the third quarter. Edgestream Partners L.P. now owns 102,899 shares of the company’s stock worth $2,328,000 after purchasing an additional 88,955 shares in the last quarter. Institutional investors and hedge funds 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.