Unity Software (NYSE:U) Given New $28.00 Price Target at Jefferies Financial Group

Unity Software (NYSE:U - Free Report) had its target price lifted by Jefferies Financial Group from $23.00 to $28.00 in a report released on Friday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other analysts have also recently weighed in on U. UBS Group lifted their price objective on Unity Software from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Wedbush restated an "outperform" rating and set a $27.00 price target on shares of Unity Software in a research report on Thursday, February 13th. JMP Securities reiterated a "market perform" rating on shares of Unity Software in a report on Monday, February 3rd. Barclays raised their price objective on Unity Software from $18.00 to $26.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Unity Software has a consensus rating of "Hold" and a consensus price target of $25.96.

Unity Software Trading Down 5.9 %

Shares of Unity Software stock traded down $1.61 during midday trading on Friday, reaching $25.67. 28,340,250 shares of the company's stock traded hands, compared to its average volume of 12,676,597. The stock has a 50 day moving average of $22.58 and a 200-day moving average of $21.27. Unity Software has a 12 month low of $13.90 and a 12 month high of $33.43. The company has a market cap of $10.34 billion, a PE ratio of -15.28 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.

Unity Software (NYSE:U - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.05. The business 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 analysts expect that Unity Software will post -1.25 EPS for the current fiscal year.

Insider Transactions at Unity Software

In other news, Director David Helgason sold 7,860 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $26.45, for a total transaction of $207,897.00. Following the sale, the director now owns 10,493 shares of the company's stock, valued at $277,539.85. This trade represents a 42.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tomer Bar-Zeev sold 166,667 shares of Unity Software stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total transaction of $3,498,340.33. Following the completion of the sale, the director now owns 3,481,479 shares of the company's stock, valued at $73,076,244.21. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 742,766 shares of company stock worth $18,248,777. Corporate insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Unity Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in U. Ariose Capital Management Ltd purchased a new position in Unity Software in the fourth quarter worth about $2,299,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Unity Software by 100.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock worth $42,662,000 after buying an additional 944,709 shares during the last quarter. CIBC Asset Management Inc grew its position in 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 period. LMR Partners LLP purchased a new stake in Unity Software during the third quarter valued at approximately $611,000. Finally, Edgestream Partners L.P. increased its holdings in Unity Software by 637.9% during the third 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 during the last quarter. Hedge funds and other institutional investors own 73.46% of the company's stock.

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.