Jefferies Financial Group Forecasts Strong Price Appreciation for Unity Software (NYSE:U) Stock

Unity Software (NYSE:U) had its price objective lifted by investment analysts at Jefferies Financial Group from $23.00 to $28.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective suggests a potential downside of 1.11% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Morgan Stanley raised their price objective on Unity Software from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. 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. Wedbush reaffirmed an “outperform” rating and issued a $27.00 price target on shares of Unity Software in a report on Thursday, February 13th. UBS Group increased their price objective on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company assumed coverage on Unity Software in a report on Monday, October 28th. They set an “equal weight” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.96.

Unity Software Stock Up 1.1 %

Shares of NYSE:U opened at $28.31 on Friday. The firm has a market capitalization of $11.41 billion, a P/E ratio of -16.85 and a beta of 2.32. The stock has a 50 day moving average price of $22.53 and a 200-day moving average price of $21.13. Unity Software has a 52-week low of $13.90 and a 52-week high of $33.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Unity Software (NYSE:U) last announced its quarterly earnings data 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 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%. As a group, equities research analysts anticipate that Unity Software will post -1.25 EPS for the current fiscal year.

Insider Buying and Selling at Unity Software

In other Unity Software news, CAO Mark Barrysmith sold 1,362 shares of the business’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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Felix The sold 20,000 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $27.43, for a total value of $548,600.00. Following the transaction, the senior vice president now owns 391,960 shares of the company’s stock, valued at approximately $10,751,462.80. This trade represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 762,597 shares of company stock worth $18,732,374 over the last three months. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock worth $37,000 after buying an additional 411 shares during the period. Principal Securities Inc. raised its holdings in shares of Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after buying an additional 477 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Unity Software by 3.5% in the fourth quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company’s stock worth $324,000 after acquiring an additional 488 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Unity Software by 4.9% during the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock valued at $349,000 after acquiring an additional 723 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Unity Software by 28.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock valued at $89,000 after buying an additional 876 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

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.