Jefferies Financial Group Has Lowered Expectations for Unity Software (NYSE:U) Stock Price

Unity Software (NYSE:U - Free Report) had its price objective cut by Jefferies Financial Group from $24.00 to $16.00 in a report issued on Monday morning,Benzinga reports. They currently have a hold rating on the stock.

A number of other analysts have also weighed in on U. Benchmark raised shares of Unity Software from a "sell" rating to a "hold" rating in a research report on Thursday, February 20th. Wells Fargo & Company reduced their price target on Unity Software from $27.00 to $22.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. Wedbush restated an "outperform" rating and set a $27.00 price objective on shares of Unity Software in a report on Thursday, February 13th. Needham & Company LLC increased their target price on Unity Software from $26.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, JMP Securities reissued a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Unity Software currently has a consensus rating of "Moderate Buy" and an average price target of $24.46.

Unity Software Price Performance

NYSE U traded up $0.17 during trading on Monday, hitting $19.25. 5,933,506 shares of the stock traded hands, compared to its average volume of 10,873,252. 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 $30.88. The firm has a 50-day simple moving average of $21.71 and a 200-day simple moving average of $22.13. The company has a market capitalization of $7.89 billion, a P/E ratio of -11.46 and a beta of 2.31.

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Unity Software (NYSE:U - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share for the quarter, topping analysts' consensus estimates of ($0.35) by $0.05. The firm had revenue of $457.10 million for the quarter, compared to the consensus estimate 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, analysts predict that Unity Software will post -1.25 EPS for the current year.

Insider Activity

In other news, CAO Mark Barrysmith sold 1,362 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $21.91, for a total transaction of $29,841.42. Following the completion of the transaction, the chief accounting officer now directly owns 452,276 shares of the company's stock, valued at $9,909,367.16. This represents a 0.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Tomer Bar-Zeev sold 236,337 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.92, for a total transaction of $5,653,181.04. Following the completion of the sale, the director now directly owns 3,161,809 shares of the company's stock, valued at approximately $75,630,471.28. The trade was a 6.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 781,903 shares of company stock valued at $17,934,432 in the last ninety days. Insiders own 6.30% of the company's stock.

Institutional Trading of Unity Software

A number of institutional investors have recently made changes to their positions in U. GAMMA Investing LLC raised its holdings in Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock valued at $37,000 after acquiring an additional 411 shares during the last quarter. Principal Securities Inc. grew its position in shares of Unity Software by 50.5% in the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock valued at $32,000 after purchasing an additional 477 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Unity Software by 3.5% in the fourth quarter. Farther Finance Advisors LLC now owns 14,435 shares of the company's stock valued at $324,000 after purchasing an additional 488 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Unity Software by 4.9% in the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company's stock worth $349,000 after acquiring an additional 723 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in Unity Software by 0.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 141,632 shares of the company's stock worth $3,182,000 after purchasing an additional 973 shares during the period. 73.46% of the stock is owned by institutional investors and hedge funds.

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.