Stocks of Unity Software Inc (NYSE:U) traded higher last session on Wall Street, down -0.27% to $26.00.
U stock price is now -18.18% away from the 50-day moving average and -24.35% away from the 200-day moving average. The market capitalization of the company currently stands at $10.03B.
With the price target reduced from $35 to $30, Piper Sandler Upgraded its rating from Underweight to Neutral for Unity Software Inc (NYSE: U). , while ‘Piper Sandler’ rates the stock as ‘Underweight’
In other news, The Felix, SVP Product & Technology, Grow sold 5,000 shares of the company’s stock on Mar 08 ’24. The stock was sold for $136,400 at an average price of $27.28. Upon completion of the transaction, the SVP Product & Technology, Grow now directly owns 293,948 shares in the company, valued at $7.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’24, Director Bar-Zeev Tomer sold 250,000 shares of the business’s stock. A total of $6,647,500 was realized by selling the stock at an average price of $26.59. This leaves the insider owning 4,498,146 shares of the company worth $116.95 million. A total of 33.86% of the company’s stock is owned by insiders.
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 2.59, and a quick ratio of 2.59. The fifty day moving average price for U is $31.78 and a two-hundred day moving average price translates $34.37 for the stock.
The latest earnings results from Unity Software Inc (NYSE: U) was released for Dec, 2023. According to the Software – Application Company, earnings per share came in at -$0.66, missing analysts’ expectations of -$0.49 by -0.17. This compares to -$0.83 EPS in the same period last year. The net profit margin was -37.58% and return on equity was -24.50% for U. The company reported revenue of $609.27 million for the quarter, compared to $450.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 35.1 percent. For the current quarter, analysts expect U to generate $432.29M in revenue.
