JMP Securities Reaffirms Market Perform Rating for Unity Software (NYSE:U)

JMP Securities reissued their market perform rating on shares of Unity Software (NYSE:U - Free Report) in a research note released on Monday morning,Benzinga reports.

U has been the topic of a number of other reports. Barclays increased their price target 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. Needham & Company LLC increased their target price on Unity Software from $23.00 to $26.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Jefferies Financial Group lifted their price target on Unity Software from $20.00 to $23.00 and gave the company a "buy" rating in a report on Monday, January 6th. Macquarie increased their price objective on shares of Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a report on Friday, November 8th. Finally, UBS Group raised their price objective on shares of Unity Software from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $22.81.

Unity Software Price Performance

U traded up $0.09 during midday trading on Monday, reaching $21.20. 7,958,416 shares of the company's stock were exchanged, compared to its average volume of 8,836,070. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The business has a 50-day simple moving average of $23.41 and a two-hundred day simple moving average of $20.61. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of -10.39 and a beta of 2.32. Unity Software has a one year low of $13.90 and a one year high of $35.56.

Unity Software (NYSE:U - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate 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 business had revenue of $446.52 million for the quarter, compared to analyst estimates of $428.01 million. During the same quarter in the previous year, the firm earned ($0.12) EPS. As a group, research analysts predict that Unity Software will post -1.72 EPS for the current year.

Insider Buying and Selling

In related news, Director Tomer Bar-Zeev sold 166,667 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total transaction of $3,498,340.33. Following the sale, the director now owns 3,481,479 shares of the company's stock, valued at approximately $73,076,244.21. This trade represents a 4.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark Barrysmith sold 1,228 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $24.44, for a total value of $30,012.32. Following the completion of the transaction, the chief financial officer now directly owns 453,638 shares of the company's stock, valued at approximately $11,086,912.72. The trade was a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 931,154 shares of company stock valued at $21,019,520 over the last three months. Company insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Unity Software

Several large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Unity Software by 33.6% in the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company's stock valued at $37,000 after acquiring an additional 411 shares in the last quarter. Principal Securities Inc. lifted its position 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 in the last quarter. Farther Finance Advisors LLC boosted its holdings in Unity Software by 4.0% during the third quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company's stock worth $315,000 after purchasing an additional 538 shares during the last quarter. Tidal Investments LLC boosted its holdings in Unity Software by 4.9% during the third quarter. Tidal Investments LLC now owns 15,410 shares of the company's stock worth $349,000 after purchasing an additional 723 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Unity Software by 28.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company's stock valued at $89,000 after buying an additional 876 shares during the last quarter. 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.