The stock of Unity Software Inc (NYSE:U) last traded at $27.17, down -1.16% 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 $56.00 and a low of $16.00, we find $45.00. Given the previous closing price of $27.49, this indicates a potential upside of 63.7 percent. U stock price is now -18.61% away from the 50-day moving average and -19.92% away from the 200-day moving average. The market capitalization of the company currently stands at $10.42B.
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In total, 10 analysts have assigned it a hold rating, and 15 have given it a buy rating. Brokers who have rated the stock have averaged $43.25 as their price target over the next twelve months.
With the price target reduced from $29 to $27, Jefferies Upgraded its rating from Underperform to Hold for Unity Software Inc (NYSE: U).
In other news, Visoso Luis Felipe, EVP and CFO sold 3,186 shares of the company’s stock on Oct 02. The stock was sold for $100,359 at an average price of $31.50. Upon completion of the transaction, the EVP and CFO now directly owns 710,075 shares in the company, valued at $19.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 02, SVP & Chief Marketing Officer Carpenter Carol W. sold 2,000 shares of the business’s stock. A total of $63,000 was realized by selling the stock at an average price of $31.50. This leaves the insider owning 372,833 shares of the company worth $10.13 million. Insiders disposed of 8,471,713 shares of company stock worth roughly $230.18 million over the past 1 year. A total of 39.33% 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 $120,873,000. CONTOUR ASSET MANAGEMENT LLC invested $120,566,000 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 $44,817,000. TWO SIGMA ADVISERS, LP acquired a new stake in U for approximately $39,945,000. POINT72 ASSET MANAGEMENT, L.P. purchased a new stake in U valued at around $17,955,000 in the second quarter.
With an opening price of $27.30 on Friday morning, Unity Software Inc (NYSE: U) set off the trading day. 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 0.83, a current ratio of 2.45, and a quick ratio of 2.45. The fifty day moving average price for U is $33.18 and a two-hundred day moving average price translates $33.92 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 -54.46% and return on equity was -34.38% 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 $553.71M in revenue.
