Investment analysts at Jefferies Financial Group have begun covering stocks of Unity Software (NYSE: U – Get an Evaluation) in a note released Tuesday to investors, Benzinga reports. The brokerage has set a “holding” rating and a price target of $100.00 on the stock. Jefferies Financial Group’s target price indicates a potential upside of 22.25% from the stock’s previous close.
A number of other brokerages have also recently weighed in on U. Piper Sandler raised her target price on Unity Software from $152.00 to $180.00 and gave the stock an “overweight” rating in a rating. research from Wednesday, November 10. BTIG Research lowered its price target on Unity Software shares from $171.00 to $154.00 in a Friday, February 4 report. Oppenheimer lowered his price target on Unity Software shares from $185.00 to $135.00 in a report on Friday, February 4. Credit Suisse Group lowered its price target on Unity Software shares from $185.00 to $180.00 and set an “outperform” rating on the stock in a Friday, February 4, report. Finally, Barclays raised its price target on Unity Software shares from $105.00 to $162.00 and gave the stock an “equal weight” rating in a Wednesday, November 10 report. Three research analysts gave the stock a hold rating and ten gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $153.58.
Shares of Unity Software opened at $81.80 on Tuesday. Unity Software has a one-year minimum of $76.00 and a one-year maximum of $210.00. The company has a market capitalization of $24.06 billion, a price-earnings ratio of -43.28 and a beta of 2.47. The company has a 50-day simple moving average of $111.40 and a 200-day simple moving average of $133.94. The company has a debt ratio of 0.71, a current ratio of 3.44 and a quick ratio of 3.44.
Unity Software (NYSE:U – Get Rating) last released its quarterly results on Thursday, February 3. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analyst consensus estimates of ($0.38) by ($0.01). The company posted revenue of $315.86 million for the quarter, versus analyst estimates of $291.21 million. Unity Software had a negative net margin of 47.96% and a negative return on equity of 20.13%. During the same quarter last year, the company posted ($0.28) EPS. On average, sell-side analysts expect Unity Software to post -1.49 EPS for the current year.
In a similar vein, SVP Ingrid Lestiyo sold 4,000 shares in a trade dated Wednesday, December 8. The shares were sold at an average price of $153.00, for a total value of $612,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, manager David Helgason sold 83,333 shares in a trade dated Wednesday, March 2. The stock was sold at an average price of $101.31, for a total transaction of $8,442,466.23. The disclosure of this sale can be found here. Insiders sold 382,624 shares of the company valued at $48,429,576 during the last quarter. 19.00% of the shares are held by insiders of the company.
Several large investors have recently bought and sold shares of U. Morgan Stanley increased its stake in Unity Software shares by 170.7% during the second quarter. Morgan Stanley now owns 9,302,677 shares of the company worth $1,021,713,000 after acquiring 5,865,923 additional shares in the last quarter. Thrive Capital Management LLC bought a new position in shares of Unity Software during Q3 for a value of $307,805,000. BlackRock Inc. increased its stake in Unity Software shares by 45.9% during the third quarter. BlackRock Inc. now owns 7,474,773 shares of the company worth $943,690,000 after acquiring an additional 2,352,210 shares in the last quarter. Janus Henderson Group PLC increased its stake in Unity Software shares by 801.6% during Q3. Janus Henderson Group PLC now owns 2,227,485 shares of the company worth $281,223,000 after acquiring an additional 1,980,428 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new equity stake in Unity Software during the 4th quarter at a value of $224,246,000. Hedge funds and other institutional investors hold 76.10% of the company’s shares.
Unity Software Company Profile (Get a rating)
Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run and monetize real-time interactive 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, United Kingdom, Germany, Japan, China, Singapore and South Korea. Sud, as well as indirectly through independent distributors and resellers worldwide.
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