Unity Software (NYSE:U) Earns Market Perform Rating from JMP Securities

Unity Software (NYSE:U)‘s stock had its “market perform” rating reaffirmed by research analysts at JMP Securities in a research report issued on Monday,Benzinga reports.

U has been the topic of several other reports. Barclays increased their price target on shares of Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. UBS Group upped their target price on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Jefferies Financial Group upped their price objective on shares of Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Oppenheimer restated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Finally, Wells Fargo & Company initiated coverage on Unity Software in a report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Unity Software presently has an average rating of “Hold” and an average price target of $22.81.

Unity Software Stock Up 0.3 %

Shares of NYSE:U opened at $21.46 on Monday. The firm has a 50 day simple moving average of $23.49 and a 200-day simple moving average of $20.57. Unity Software has a twelve month low of $13.90 and a twelve month high of $35.56. 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 capitalization of $8.65 billion, a PE ratio of -10.52 and a beta of 2.32.

Unity Software (NYSE:U) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.08. The company had revenue of $446.52 million during the quarter, compared to analysts’ expectations of $428.01 million. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. During the same period last year, the firm earned ($0.12) EPS. On average, equities analysts predict that Unity Software will post -1.72 EPS for the current fiscal year.

Insider Transactions at Unity Software

In other Unity Software news, Director Shlomo Dovrat sold 3,750 shares of Unity Software stock in a transaction on Monday, November 18th. The shares were sold at an average price of $17.99, for a total value of $67,462.50. Following the sale, the director now directly owns 2,394,935 shares in the company, valued at approximately $43,084,880.65. The trade was a 0.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the completion of the sale, the director now directly owns 4,248,146 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 931,154 shares of company stock worth $21,019,520. Corporate insiders own 6.30% of the company’s stock.

Institutional Trading of Unity Software

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in Unity Software by 343.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after buying an additional 949 shares during the last quarter. R Squared Ltd bought a new position in Unity Software during the 4th quarter worth $30,000. Principal Securities Inc. grew its position in shares of Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after buying an additional 477 shares during the last quarter. Planning Capital Management Corp bought a new stake in shares of Unity Software in the 3rd quarter valued at about $34,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Unity Software by 163.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares during the period. 73.46% of the stock is currently owned by institutional investors.

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.