Unity Software (NYSE:U) Price Target Raised to $28.00 at Jefferies Financial Group

Unity Software (NYSE:U) had its target price boosted by Jefferies Financial Group from $23.00 to $28.00 in a research note issued to investors on Friday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Other equities analysts have also issued research reports about the company. Needham & Company LLC raised their price objective on Unity Software from $26.00 to $33.00 and gave the company a “buy” rating in a research report on Friday. Wedbush reissued an “outperform” rating and set a $27.00 price target on shares of Unity Software in a research report on Thursday, February 13th. Morgan Stanley boosted their price objective on shares of Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Wells Fargo & Company initiated coverage on shares of Unity Software in a research note on Monday, October 28th. They set an “equal weight” rating and a $20.00 target price for the company. Finally, Barclays boosted their price target on Unity Software from $18.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Unity Software presently has an average rating of “Hold” and an average target price of $25.96.

Unity Software Stock Performance

Shares of NYSE U opened at $28.31 on Friday. 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 has a 1 year low of $13.90 and a 1 year high of $33.43. The company’s 50-day moving average is $22.53 and its 200 day moving average is $21.08.

Unity Software (NYSE:U) last posted its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. The firm had revenue of $457.10 million for the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. On average, analysts anticipate that Unity Software will post -1.25 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total value of $6,255,000.00. Following the sale, the director now owns 3,648,146 shares in the company, valued at approximately $91,276,612.92. This trade represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Mark Barrysmith sold 1,395 shares of the business’s 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 approximately $9,775,100.08. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 762,597 shares of company stock worth $18,732,374. 6.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of U. Anderson Financial Strategies LLC purchased a new stake in shares of Unity Software during the 4th quarter valued at about $28,000. R Squared Ltd bought a new stake in Unity Software during the fourth quarter valued at approximately $30,000. Principal Securities Inc. increased its holdings in Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares during the last quarter. Planning Capital Management Corp bought a new position in Unity Software in the third quarter worth approximately $34,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Unity Software during the 4th quarter worth $36,000. 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.