Jefferies Financial Group Increases Unity Software (NYSE:U) Price Target to $23.00

Unity Software (NYSE:U) had its target price increased by stock analysts at Jefferies Financial Group from $20.00 to $23.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential downside of 7.70% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Wedbush lifted their price objective on shares of Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Benchmark upped their price objective on Unity Software from $10.00 to $15.00 and gave the stock a “sell” rating in a research report on Friday, November 8th. UBS Group raised their target price on Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Stifel Nicolaus upped their price target on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a report on Friday, September 13th. Finally, Needham & Company LLC raised their price objective on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Unity Software presently has a consensus rating of “Hold” and a consensus price target of $22.27.

Unity Software Stock Up 3.4 %

Shares of U stock traded up $0.83 during trading hours on Monday, reaching $24.92. 7,332,811 shares of the stock were exchanged, compared to its average volume of 18,164,777. Unity Software has a 12-month low of $13.90 and a 12-month high of $39.29. The business’s fifty day moving average is $22.74 and its two-hundred day moving average is $19.66. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a market capitalization of $10.04 billion, a P/E ratio of -12.22 and a beta of 2.32.

Insider Buying and Selling at Unity Software

In other news, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were 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. The trade was a 5.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Shlomo Dovrat sold 3,750 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $17.99, for a total transaction 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 approximately $43,084,880.65. The trade was a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 762,669 shares of company stock valued at $17,480,869 in the last ninety days. Insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Unity Software

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in Unity Software by 343.8% in the third quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after purchasing an additional 949 shares during the last quarter. Planning Capital Management Corp acquired a new stake in Unity Software in the 3rd quarter valued at about $34,000. Northwestern Mutual Wealth Management Co. grew its stake in Unity Software by 163.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after acquiring an additional 1,389 shares during the last quarter. Brooklyn Investment Group purchased a new position in Unity Software during the 3rd quarter valued at about $43,000. Finally, Versant Capital Management Inc raised its position in Unity Software by 186.9% during the fourth quarter. Versant Capital Management Inc now owns 2,812 shares of the company’s stock worth $63,000 after acquiring an additional 1,832 shares during the last quarter. Institutional investors and hedge funds 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.