Unity Software’s (U) Market Perform Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market perform rating on shares of Unity Software (NYSE:U) in a report published on Monday morning,Benzinga reports.

U has been the subject of several other reports. Barclays upped their price objective on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Jefferies Financial Group increased their price target on Unity Software from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Needham & Company LLC increased their price target on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Finally, Wells Fargo & Company began coverage on Unity Software in a report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.81.

Unity Software Stock Down 3.6 %

Shares of Unity Software stock opened at $21.40 on Monday. Unity Software has a 1 year low of $13.90 and a 1 year high of $35.56. The stock has a 50-day moving average price of $23.55 and a 200 day moving average price of $20.53. 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 company has a market cap of $8.62 billion, a P/E ratio of -10.49 and a beta of 2.32.

Unity Software (NYSE:U) last released its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.08. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. The firm had revenue of $446.52 million for the quarter, compared to analyst estimates of $428.01 million. During the same quarter last year, the firm posted ($0.12) EPS. As a group, analysts expect that Unity Software will post -1.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Shlomo Dovrat sold 3,750 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $17.99, for a total value of $67,462.50. Following the completion of the sale, the director now directly owns 2,394,935 shares of the company’s stock, valued at $43,084,880.65. The trade was a 0.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the completion of the sale, the director now directly owns 4,248,146 shares of the company’s stock, valued at $74,427,517.92. The trade was a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 764,487 shares of company stock valued at $17,521,180 in the last three months. Insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Unity Software by 343.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 949 shares in the last quarter. R Squared Ltd bought a new stake in Unity Software during the 4th quarter worth approximately $30,000. Principal Securities Inc. increased its holdings in Unity Software by 50.5% during the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock worth $32,000 after purchasing an additional 477 shares in the last quarter. Planning Capital Management Corp bought a new position in shares of Unity Software in the third quarter valued at approximately $34,000. Finally, Brooklyn Investment Group bought a new position in shares of Unity Software in the third quarter valued at approximately $43,000. 73.46% of the stock is owned by 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.