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

Unity Software (NYSE:U) had its price target boosted by Jefferies Financial Group from $20.00 to $23.00 in a research note published on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued research reports about the company. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Wedbush increased their price objective on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company assumed coverage on shares of Unity Software in a report on Monday, October 28th. They set an “equal weight” rating and a $20.00 target price on the stock. Barclays increased their price target on shares of Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, UBS Group boosted their price objective on shares of Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Unity Software has an average rating of “Hold” and an average price target of $22.27.

Unity Software Stock Performance

Shares of U opened at $24.91 on Monday. The firm has a fifty day simple moving average of $22.83 and a 200 day simple moving average of $19.72. 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 12 month low of $13.90 and a 12 month high of $39.29. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of -12.21 and a beta of 2.32.

Insider Transactions at Unity Software

In related news, Director Shlomo Dovrat sold 3,750 shares of Unity Software stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $17.99, for a total value of $67,462.50. Following the transaction, the director now directly owns 2,394,935 shares of the company’s stock, valued at $43,084,880.65. This trade represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the transaction, the director now owns 4,248,146 shares of the company’s stock, valued at approximately $74,427,517.92. This represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 762,669 shares of company stock valued at $17,480,869. 6.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Unity Software

A number of institutional investors have recently modified their holdings of U. CIBC Asset Management Inc boosted its position in Unity Software by 60.2% in the second quarter. CIBC Asset Management Inc now owns 12,384 shares of the company’s stock valued at $201,000 after buying an additional 4,656 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Unity Software by 9.2% during the 2nd quarter. Arizona State Retirement System now owns 74,212 shares of the company’s stock valued at $1,207,000 after acquiring an additional 6,272 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Unity Software during the 2nd quarter valued at $82,000. Quest Partners LLC increased its holdings in Unity Software by 213,614.3% in the 2nd quarter. Quest Partners LLC now owns 29,920 shares of the company’s stock worth $486,000 after purchasing an additional 29,906 shares in the last quarter. Finally, Prudential PLC acquired a new position in Unity Software in the 2nd quarter worth about $343,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

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.