Unity Software (NYSE:U) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Unity Software (NYSE:U - Get Free Report) had its price objective hoisted by research analysts at Jefferies Financial Group from $20.00 to $23.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price target would suggest a potential downside of 7.67% from the company's current price.

Other equities analysts have also recently issued research reports about the company. UBS Group raised their price target on Unity Software from $15.00 to $20.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Oppenheimer reissued a "market perform" rating on shares of Unity Software in a report on Friday, October 18th. JMP Securities reaffirmed a "market perform" rating on shares of Unity Software in a research note on Friday, September 13th. Benchmark lifted their price objective on shares of Unity Software from $10.00 to $15.00 and gave the stock a "sell" rating in a research note on Friday, November 8th. Finally, Macquarie boosted their target price on shares of Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $22.27.

Unity Software Price Performance

U stock traded up $0.82 during mid-day trading on Monday, hitting $24.91. The company had a trading volume of 10,029,716 shares, compared to its average volume of 19,119,332. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of -12.21 and a beta of 2.32. The company has a 50-day moving average price of $22.74 and a 200 day moving average price of $19.66. The company has a quick ratio of 2.41, a current 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.

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its position in shares of Unity Software by 100.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock worth $42,662,000 after acquiring an additional 944,709 shares in the last quarter. Magnetar Financial LLC bought a new position in Unity Software in the second quarter worth about $2,535,000. CIBC Asset Management Inc lifted its position in shares of Unity Software by 2,665.4% during the third quarter. CIBC Asset Management Inc now owns 342,472 shares of the company's stock valued at $7,747,000 after buying an additional 330,088 shares during the last quarter. LMR Partners LLP purchased a new stake in shares of Unity Software during the third quarter valued at about $611,000. Finally, Edgestream Partners L.P. boosted its holdings in shares of Unity Software by 637.9% in the 3rd quarter. Edgestream Partners L.P. now owns 102,899 shares of the company's stock valued at $2,328,000 after buying an additional 88,955 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company's stock.

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.