Unity Software (NYSE:U) Price Target Raised to $28.00

Unity Software (NYSE:U) had its price target increased by Jefferies Financial Group from $23.00 to $28.00 in a research report released on Friday,Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts have also weighed in on the company. Macquarie upped their price objective on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Friday, November 8th. Needham & Company LLC upped their price target on Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday. Benchmark upgraded shares of Unity Software from a “sell” rating to a “hold” rating in a research report on Thursday. JMP Securities restated a “market perform” rating on shares of Unity Software in a research report on Monday, February 3rd. Finally, Morgan Stanley raised their target price on shares of Unity Software from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Unity Software currently has an average rating of “Hold” and a consensus target price of $25.96.

Unity Software Stock Performance

NYSE U opened at $28.31 on Friday. 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 has a 12 month low of $13.90 and a 12 month high of $33.43. The company’s 50 day moving average is $22.53 and its two-hundred day moving average is $21.08.

Unity Software (NYSE:U) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate 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, equities research analysts expect that Unity Software will post -1.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other Unity Software news, Director Tomer Bar-Zeev sold 210,000 shares of Unity Software stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $26.23, for a total transaction of $5,508,300.00. Following the completion of the transaction, the director now directly owns 967,650 shares of the company’s stock, valued at $25,381,459.50. The trade was a 17.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Barrysmith sold 1,228 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $24.44, for a total transaction of $30,012.32. Following the transaction, the chief financial officer now owns 453,638 shares in the company, valued at $11,086,912.72. This trade represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 762,597 shares of company stock valued at $18,732,374 over the last ninety days. 6.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Unity Software

Large investors have recently made changes to their positions in the company. Soviero Asset Management LP purchased a new stake in Unity Software in the 4th quarter worth about $2,247,000. Sphera Management Technology Funds Ltd bought a new position in shares of Unity Software during the fourth quarter valued at approximately $1,128,000. Two Sigma Advisers LP purchased a new stake in shares of Unity Software in the fourth quarter worth approximately $494,000. Two Sigma Investments LP bought a new stake in shares of Unity Software during the 4th quarter worth approximately $22,999,000. Finally, Tidal Investments LLC boosted its holdings in Unity Software by 32.6% during the 4th quarter. Tidal Investments LLC now owns 20,428 shares of the company’s stock valued at $459,000 after acquiring an additional 5,018 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

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.