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) in a research note released on Monday morning,Benzinga reports.

A number of other brokerages have also commented on U. Needham & Company LLC boosted their price target on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a report on Friday, November 8th. 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 target on the stock. Macquarie lifted their target price on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Friday, November 8th. Barclays lifted their target price on Unity Software from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Unity Software in a research report on Friday, October 18th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.81.

Unity Software Stock Performance

Shares of Unity Software stock opened at $21.10 on Monday. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of -10.34 and a beta of 2.32. The stock’s 50-day moving average is $23.46 and its 200-day moving average is $20.60. Unity Software has a one year low of $13.90 and a one year high of $35.56. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41.

Unity Software (NYSE:U) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.08. The company had revenue of $446.52 million for the quarter, compared to analyst estimates 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 in the previous year, the company posted ($0.12) earnings per share. Equities analysts predict that Unity Software will post -1.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Unity Software news, Director Tomer Bar-Zeev sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $17.52, for a total transaction of $4,380,000.00. Following the transaction, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Felix The sold 11,719 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $24.39, for a total value of $285,826.41. Following the sale, the senior vice president now owns 411,960 shares of the company’s stock, valued at approximately $10,047,704.40. This represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 931,154 shares of company stock valued at $21,019,520 over the last 90 days. 6.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Unity Software

A number of large investors have recently made changes to their positions in U. Charles Schwab Investment Management Inc. increased its stake in shares of Unity Software by 100.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company’s stock worth $42,662,000 after purchasing an additional 944,709 shares during the period. Erste Asset Management GmbH acquired a new stake in Unity Software during the third quarter worth approximately $12,317,000. Monolith Management Ltd acquired a new stake in Unity Software during the third quarter worth approximately $10,993,000. Weiss Asset Management LP acquired a new stake in Unity Software during the third quarter worth approximately $10,335,000. Finally, Geode Capital Management LLC grew its position in Unity Software by 9.7% during the third quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company’s stock worth $106,008,000 after buying an additional 413,474 shares in 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.