Jefferies Financial Group Lowers Unity Software (NYSE:U) Price Target to $24.00

Unity Software (NYSE:U - Free Report) had its price objective cut by Jefferies Financial Group from $28.00 to $24.00 in a report issued on Monday morning,Benzinga reports. They currently have a hold rating on the stock.

Other analysts have also recently issued reports about the company. Citizens Jmp upgraded Unity Software from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Wells Fargo & Company decreased their target price on Unity Software from $27.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. Barclays raised their price objective on shares of Unity Software from $18.00 to $26.00 and gave the stock an "equal weight" rating in a report on Friday, February 21st. Citigroup raised shares of Unity Software from a "neutral" rating to a "buy" rating and set a $30.00 target price on the stock in a research report on Tuesday, March 11th. Finally, HSBC raised Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective on the stock in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.32.

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Unity Software Stock Down 6.8 %

NYSE:U traded down $1.25 during midday trading on Monday, reaching $16.95. The company had a trading volume of 13,013,421 shares, compared to its average volume of 10,724,068. Unity Software has a 12-month low of $13.90 and a 12-month high of $30.88. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of -10.09 and a beta of 2.31. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock's fifty day simple moving average is $22.36 and its 200-day simple moving average is $22.28.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping analysts' consensus estimates of ($0.35) by $0.05. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The business had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. On average, sell-side analysts anticipate that Unity Software will post -1.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Unity Software

In related news, CAO Mark Barrysmith sold 1,362 shares of Unity Software stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total value of $29,841.42. Following the sale, the chief accounting officer now directly owns 452,276 shares in the company, valued at $9,909,367.16. The trade was a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tomer Bar-Zeev sold 166,667 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total value of $3,498,340.33. Following the completion of the transaction, the director now owns 3,481,479 shares of the company's stock, valued at $73,076,244.21. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 781,903 shares of company stock valued at $17,934,432. 6.30% of the stock is owned by company insiders.

Institutional Trading of Unity Software

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Unity Software in the 4th quarter worth approximately $269,320,000. Slate Path Capital LP purchased a new stake in Unity Software during the fourth quarter worth $62,387,000. Capital International Investors grew its holdings in Unity Software by 10.4% in the fourth quarter. Capital International Investors now owns 18,886,853 shares of the company's stock valued at $424,388,000 after purchasing an additional 1,786,032 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Unity Software by 3,843.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,769,948 shares of the company's stock valued at $39,771,000 after buying an additional 1,725,070 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Unity Software by 366.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,936,131 shares of the company's stock worth $43,505,000 after buying an additional 1,521,165 shares during 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.