Stocks of Unity Software Inc (NYSE:U) traded higher last session on Wall Street, down -1.39% to $25.54.
According to the data, Unity Software Inc (NYSE:U) has 29 analysts covering its stock. 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 $44.15. Given the previous closing price of $25.90, this indicates a potential upside of 70.46 percent. U stock price is now -21.24% away from the 50-day moving average and -24.62% away from the 200-day moving average. The market capitalization of the company currently stands at $9.79B.
A total of 11 analysts have issued a hold rating and 15 have given it a buy rating. Brokers who have rated the stock have averaged $42.44 as their price target over the next twelve months.
With the price target reduced from $48 to $30, Piper Sandler Downgraded its rating from Overweight to Neutral 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 $18.14 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 $9.52 million. Insiders disposed of 8,471,713 shares of company stock worth roughly $216.37 million over the past 1 year. A total of 39.38% 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 $113,622,000. CONTOUR ASSET MANAGEMENT LLC invested $113,332,000 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 $42,128,000. TWO SIGMA ADVISERS, LP acquired a new stake in U for approximately $37,549,000. POINT72 ASSET MANAGEMENT, L.P. purchased a new stake in U valued at around $16,878,000 in the second quarter. In total, there are 701 active investors with 40.91% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $26.34 for Unity Software Inc (NYSE: U). 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 $32.26 and a two-hundred day moving average price translates $33.85 for the stock.
The latest earnings results from Unity Software Inc (NYSE: U) was released for Jun, 2023. 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.
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.
