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

Unity Software (NYSE:U) had its target price decreased by research analysts at Jefferies Financial Group from $28.00 to $24.00 in a report issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 21.40% from the stock’s current price.

Several other analysts have also commented on the stock. HSBC raised shares of Unity Software from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Friday, February 21st. UBS Group raised their price objective on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Macquarie initiated coverage on Unity Software in a report on Monday, March 10th. They issued a “neutral” rating and a $24.00 target price on the stock. Barclays upped their target price on Unity Software from $18.00 to $26.00 and gave the company an “equal weight” rating in a report 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 investment 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.32.

Unity Software Price Performance

Shares of U stock traded down $0.77 during midday trading on Monday, reaching $19.77. 5,582,419 shares of the company were exchanged, compared to its average volume of 10,675,890. The company’s 50 day moving average price is $22.58 and its two-hundred day moving average price is $22.31. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. The company has a market cap of $8.10 billion, a P/E ratio of -11.78 and a beta of 2.27. Unity Software has a 12 month low of $13.90 and a 12 month high of $30.88.

Unity Software (NYSE:U) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. The firm had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. On average, sell-side analysts expect that Unity Software will post -1.25 earnings per share for the current year.

Insider Activity at Unity Software

In other news, CAO Mark Barrysmith sold 1,362 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 452,276 shares of the company’s stock, valued at $9,909,367.16. This trade represents a 0.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Helgason sold 38,924 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $26.92, for a total value of $1,047,834.08. Following the completion of the sale, the director now directly owns 7,828,494 shares of the company’s stock, valued at approximately $210,743,058.48. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 865,236 shares of company stock valued at $20,849,425. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of U. California State Teachers Retirement System boosted its holdings in Unity Software by 0.4% in the fourth quarter. California State Teachers Retirement System now owns 261,740 shares of the company’s stock worth $5,881,000 after purchasing an additional 1,031 shares in the last quarter. Soviero Asset Management LP bought a new stake in shares of Unity Software during the 4th quarter worth about $2,247,000. Sphera Management Technology Funds Ltd acquired a new position in shares of Unity Software during the 4th quarter valued at about $1,128,000. Two Sigma Advisers LP bought a new position in shares of Unity Software in the 4th quarter valued at approximately $494,000. Finally, Two Sigma Investments LP acquired a new stake in Unity Software in the 4th quarter worth approximately $22,999,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

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.