Unity Software (NYSE:U) Upgraded at Jefferies Financial Group

Unity Software (NYSE:U - Get Free Report) was upgraded by equities researchers at Jefferies Financial Group from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage currently has a $29.00 price target on the stock, up from their previous price target of $22.00. Jefferies Financial Group's target price points to a potential upside of 11.07% from the stock's previous close.

A number of other research firms also recently issued reports on U. Hsbc Global Res upgraded Unity Software to a "strong-buy" rating in a report on Friday, February 21st. HSBC raised Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective on the stock in a research report on Friday, February 21st. UBS Group cut their price target on Unity Software from $30.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Wedbush downgraded Unity Software from a "strong-buy" rating to a "strong sell" rating in a research note on Wednesday, May 7th. Finally, JMP Securities reiterated a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Unity Software currently has a consensus rating of "Hold" and an average price target of $25.14.

Unity Software Trading Up 9.8%

Shares of NYSE:U traded up $2.34 during trading on Friday, reaching $26.11. 46,605,302 shares of the company traded hands, compared to its average volume of 11,215,630. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of -15.54 and a beta of 2.29. Unity Software has a 52-week low of $13.90 and a 52-week high of $30.88. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The business's fifty day moving average is $20.71 and its 200-day moving average is $22.18.

Unity Software (NYSE:U - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.38) by $0.19. The company had revenue of $435.00 million during 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 for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. As a group, analysts forecast that Unity Software will post -1.25 EPS for the current year.

Insider Transactions at Unity Software

In other Unity Software news, SVP Anirma Gupta sold 46,957 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $21.24, for a total value of $997,366.68. Following the transaction, the senior vice president now owns 644,952 shares of the company's stock, valued at $13,698,780.48. This represents a 6.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Mark Barrysmith sold 1,414 shares of the company's stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 480,408 shares in the company, valued at $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 1,009,705 shares of company stock valued at $22,582,244 in the last ninety days. Corporate insiders own 6.30% of the company's stock.

Hedge Funds Weigh In On Unity Software

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its stake in shares of Unity Software by 30,300.0% during the 1st 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 purchased a new position in shares of Unity Software in the fourth quarter worth about $28,000. Banque Transatlantique SA purchased a new position in shares of Unity Software in the first quarter worth about $28,000. R Squared Ltd acquired a new stake in Unity Software during the fourth quarter worth about $30,000. Finally, Principal Securities Inc. grew its holdings in Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after acquiring an additional 477 shares during the period. Institutional investors 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.