Unity Software (NYSE:U) Stock Rating Upgraded by Jefferies Financial Group

Jefferies Financial Group upgraded shares of Unity Software (NYSE:U) from a hold rating to a buy rating in a research note released on Friday morning, Marketbeat reports. Jefferies Financial Group currently has $29.00 price target on the stock, up from their previous price target of $22.00.

A number of other brokerages have also commented on U. Barclays decreased their price objective on Unity Software from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, May 8th. Citizens Jmp upgraded Unity Software from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. JMP Securities reiterated a “market perform” rating on shares of Unity Software in a research note on Monday, February 3rd. Wells Fargo & Company dropped their target price on Unity Software from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Finally, Macquarie began coverage on shares of Unity Software in a report on Monday, March 10th. They issued a “neutral” rating and a $24.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Unity Software currently has a consensus rating of “Hold” and a consensus price target of $25.14.

Unity Software Trading Up 9.8%

NYSE U opened at $26.11 on Friday. 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 twelve month low of $13.90 and a twelve month high of $30.88. The company has a market cap of $10.85 billion, a price-to-earnings ratio of -15.54 and a beta of 2.29. The business’s fifty day moving average is $20.71 and its 200 day moving average is $22.20.

Unity Software (NYSE:U) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.19. The company had revenue of $435.00 million for the quarter, compared to the consensus estimate of $415.77 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 EPS. As a group, sell-side analysts expect that Unity Software will post -1.25 EPS for the current fiscal year.

Insider Activity at Unity Software

In other news, Director Tomer Bar-Zeev sold 166,666 shares of Unity Software stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $25.15, for a total value of $4,191,649.90. Following the transaction, the director now owns 2,648,146 shares in the company, valued at approximately $66,600,871.90. The trade was a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mark Barrysmith sold 1,414 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $21.42, for a total value of $30,287.88. Following the sale, the chief accounting officer now directly owns 480,408 shares of the company’s stock, valued at approximately $10,290,339.36. This trade represents a 0.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,009,705 shares of company stock valued at $22,582,244 over the last 90 days. 6.30% of the stock is owned by insiders.

Institutional Trading of Unity Software

A number of institutional investors have recently made changes to their positions in U. Cornerstone Planning Group LLC grew its stake in shares of Unity Software by 30,300.0% in the first quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after purchasing an additional 1,212 shares during the last quarter. Anderson Financial Strategies LLC bought a new stake in shares of Unity Software in the fourth quarter worth about $28,000. Banque Transatlantique SA bought a new stake in shares of Unity Software in the first quarter worth about $28,000. R Squared Ltd bought a new stake in shares of Unity Software in the fourth quarter worth about $30,000. Finally, Principal Securities Inc. grew its stake 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 worth $32,000 after purchasing an additional 477 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.