Unity Software Inc (NYSE:U) shares traded -4.20% lower at $31.26 on Wall Street last session.
In accordance with the data, 26 analysts cover Unity Software Inc (NYSE:U). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $46.00 and a low of $16.00, we find $28.50. Given the previous closing price of $32.63, this indicates a potential downside of -12.66 percent. U stock price is now 9.78% away from the 50-day moving average and -5.01% away from the 200-day moving average. The market capitalization of the company currently stands at $11.88B.
It has been rated a hold by 13 analysts and a buy by 10. Brokers who have rated the stock have averaged $29.64 as their price target over the next twelve months.
In other news, Bar-Zeev Tomer, President, Grow Solutions sold 112,500 shares of the company’s stock on Dec 01. The stock was sold for $3,634,875 at an average price of $32.31. Upon completion of the transaction, the President, Grow Solutions now directly owns 1,350,332 shares in the company, valued at $42.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01, EVP and CFO Visoso Luis Felipe sold 3,334 shares of the business’s stock. A total of $100,020 was realized by selling the stock at an average price of $30.00. This leaves the insider owning 1,117,422 shares of the company worth $34.93 million. Insiders disposed of 5,797,680 shares of company stock worth roughly $181.24 million over the past 1 year. A total of 39.42% of the company’s stock is owned by insiders.
Unity Software Inc (NYSE: U) opened at $32.27 on Tuesday. During the past 12 months, Unity Software Inc has had a low of $22.20 and a high of $50.08. As of last week, the company has a debt-to-equity ratio of 0.88, a current ratio of 2.34, and a quick ratio of 2.34. The fifty day moving average price for U is $28.48 and a two-hundred day moving average price translates $32.91 for the stock.
The latest earnings results from Unity Software Inc (NYSE: U) was released for Sep, 2023. According to the Software – Application Company, earnings per share came in at -$0.32, missing analysts’ expectations of $0.13 by -0.45. This compares to -$0.84 EPS in the same period last year. The net profit margin was -42.32% and return on equity was -31.54% for U. The company reported revenue of $544.21 million for the quarter, compared to $322.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 68.55 percent. For the current quarter, analysts expect U to generate $562.82M 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.
