Jefferies Financial Group Issues Positive Forecast for Unity Software (NYSE:U) Stock Price

Unity Software (NYSE:U) had its target price upped by Jefferies Financial Group from $20.00 to $23.00 in a research note released on Monday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. Benchmark increased their price objective on shares of Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research report on Friday, November 8th. Oppenheimer reiterated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. Wells Fargo & Company started coverage on Unity Software in a research note on Monday, October 28th. They set an “equal weight” rating and a $20.00 target price for the company. Finally, Wedbush boosted their price target on Unity Software from $21.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $22.27.

Unity Software Stock Performance

Shares of Unity Software stock opened at $24.91 on Monday. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of -12.21 and a beta of 2.32. Unity Software has a twelve month low of $13.90 and a twelve month high of $39.29. The company’s fifty day moving average is $22.83 and its 200 day moving average is $19.72. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Insider Buying and Selling

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total transaction of $6,255,000.00. Following the transaction, the director now directly owns 3,648,146 shares in the company, valued at approximately $91,276,612.92. This trade represents a 6.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Felix The sold 20,000 shares of the company’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 sale, the senior vice president now owns 391,960 shares of the company’s stock, valued at approximately $10,751,462.80. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 762,669 shares of company stock worth $17,480,869 in the last quarter. 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. Charles Schwab Investment Management Inc. boosted its position in 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 purchasing an additional 944,709 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Unity Software in the 2nd quarter worth about $2,535,000. CIBC Asset Management Inc boosted its holdings in shares of Unity Software by 2,665.4% in the 3rd quarter. CIBC Asset Management Inc now owns 342,472 shares of the company’s stock worth $7,747,000 after buying an additional 330,088 shares during the last quarter. LMR Partners LLP bought a new position in Unity Software during the third quarter valued at about $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 worth $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.