The stock of Unity Software Inc. (NYSE:U) last traded at $34.72, up 2.57% from the previous session.
Data from the available sources indicates that Unity Software Inc. (NYSE:U) is covered by 29 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $61.00 and a low of $12.00, we find $48.50. Given the previous closing price of $33.85, this indicates a potential upside of 43.28 percent. U stock price is now -14.87% away from the 50-day moving average and 2.98% away from the 200-day moving average. The market capitalization of the company currently stands at $12.98B.
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In total, 8 analysts have assigned it a hold rating, and 16 have given it a buy rating. Brokers who have rated the stock have averaged $45.10 as their price target over the next twelve months.
In other news, Dovrat Shlomo, Director sold 75,000 shares of the company’s stock on Aug 14. The stock was sold for $2,721,000 at an average price of $36.28. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 10, Director Dovrat Shlomo sold 400 shares of the business’s stock. A total of $15,400 was realized by selling the stock at an average price of $38.50. This leaves the insider owning 5,266 shares of the company worth $0.18 million. Insiders disposed of 4,642,152 shares of company stock worth roughly $161.18 million over the past 1 year. A total of 1.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in U stock. A new stake in Unity Software Inc. shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $154,462,000. CONTOUR ASSET MANAGEMENT LLC invested $154,068,000 in shares of U during the first quarter. In the first quarter, ANATOLE INVESTMENT MANAGEMENT LTD acquired a new stake in Unity Software Inc. valued at approximately $57,271,000. TWO SIGMA ADVISERS, LP acquired a new stake in U for approximately $51,045,000. POINT72 ASSET MANAGEMENT, L.P. purchased a new stake in U valued at around $22,944,000 in the second quarter. In total, there are 701 active investors with 57.30% ownership of the company’s stock.
During the past 12 months, Unity Software Inc. has had a low of $21.22 and a high of $50.08. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 2.50, and a quick ratio of 2.50. The fifty day moving average price for U is $40.66 and a two-hundred day moving average price translates $33.77 for the stock.
The latest earnings results from Unity Software Inc. (NYSE: U) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at $0.25, beating analysts’ expectations of $0.08 by 0.17. This compares to -$0.69 EPS in the same period last year. The net profit margin was -54.50% and return on equity was -31.20% for U. The company reported revenue of $533.48 million for the quarter, compared to $297.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 79.6 percent. For the current quarter, analysts expect U to generate $554.19M in revenue.
Unity Software Inc.(U) Company Profile
Unity Software Inc. operates a platform that provides real-time 3D development tools and services. 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 serves enterprises, mid-market companies, and government and non-profit institutions; mid-sized, small, and independent businesses; and individuals across various industries. It offers its solutions directly through its online store, field sales operations, independent distributors, and resellers in North America, Denmark, China, Finland, the United Kingdom, Germany, Israel, Japan, Singapore, South Korea, Spain, and internationally. The company was founded in 2004 and is headquartered in San Francisco, California.
