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

Unity Software (NYSE:U) had its price objective increased by equities researchers at Jefferies Financial Group from $20.00 to $23.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential downside of 7.70% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Needham & Company LLC boosted their price objective on shares of Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Wedbush boosted their price target 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 Unity Software in a report on Monday, October 28th. They set an “equal weight” rating and a $20.00 price objective on the stock. Barclays increased their target price on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, Stifel Nicolaus lifted their price target on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Unity Software has a consensus rating of “Hold” and an average target price of $22.27.

Unity Software Price Performance

U stock traded up $0.83 during trading on Monday, hitting $24.92. The stock had a trading volume of 7,332,811 shares, compared to its average volume of 18,164,777. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of -12.22 and a beta of 2.32. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The company’s 50 day moving average price is $22.74 and its two-hundred day moving average price is $19.66. Unity Software has a 1-year low of $13.90 and a 1-year high of $39.29.

Insider Activity at Unity Software

In related news, CFO Mark Barrysmith sold 1,228 shares of Unity Software stock in a transaction on Monday, December 16th. The shares were sold at an average price of $24.44, for a total transaction of $30,012.32. Following the sale, the chief financial officer now owns 453,638 shares of the company’s stock, valued at $11,086,912.72. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Felix The sold 20,000 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the transaction, the senior vice president now owns 391,960 shares in the company, valued at $10,751,462.80. This represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 762,669 shares of company stock worth $17,480,869. 6.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Unity Software

A number of hedge funds and other institutional investors have recently modified their holdings of U. Charles Schwab Investment Management Inc. grew its stake 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 valued at $42,662,000 after purchasing an additional 944,709 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Unity Software during the third quarter worth approximately $12,317,000. Monolith Management Ltd bought a new stake in shares of Unity Software in the third quarter worth $10,993,000. Weiss Asset Management LP acquired a new stake in Unity Software in the third quarter valued at $10,335,000. Finally, Geode Capital Management LLC raised its holdings in Unity Software by 9.7% in the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock valued at $106,008,000 after acquiring an additional 413,474 shares in the last quarter. 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.