Jefferies Financial Group Raises Unity Software (NYSE:U) Price Target to $23.00

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

A number of other equities research analysts have also issued reports on the company. Wedbush upped their price target on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. Needham & Company LLC increased their price objective on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company initiated coverage on Unity Software in a research report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective for the company. Finally, UBS Group increased their price objective on Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Unity Software currently has a consensus rating of “Hold” and a consensus target price of $22.27.

Unity Software Price Performance

U stock opened at $23.01 on Monday. 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 business has a 50 day simple moving average of $22.92 and a 200-day simple moving average of $19.80. The firm has a market capitalization of $9.27 billion, a PE ratio of -11.28 and a beta of 2.32. Unity Software has a 1 year low of $13.90 and a 1 year high of $38.85.

Insider Transactions at Unity Software

In other news, Director Shlomo Dovrat sold 3,750 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $17.99, for a total value of $67,462.50. Following the sale, the director now directly owns 2,394,935 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 3,648,146 shares in the company, valued at approximately $91,276,612.92. The trade was a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 762,669 shares of company stock worth $17,480,869 over the last ninety days. Company insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

Several hedge funds have recently modified their holdings of U. GAMMA Investing LLC raised its stake in Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after buying an additional 949 shares in the last quarter. Planning Capital Management Corp acquired a new stake in Unity Software in the third quarter valued at $34,000. Brooklyn Investment Group acquired a new stake in Unity Software in the third quarter valued at $43,000. Northwestern Mutual Wealth Management Co. raised its stake in Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Unity Software by 186.9% in the fourth quarter. Versant Capital Management Inc now owns 2,812 shares of the company’s stock valued at $63,000 after buying an additional 1,832 shares in the last quarter. 73.46% of the stock is currently 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.