In yesterday’s Wall Street session, Unity Software Inc (NYSE:U) shares traded at $26.99, up 1.09% from the previous session.
U stock price is now -11.87% away from the 50-day moving average and -20.98% away from the 200-day moving average. The market capitalization of the company currently stands at $10.42B.
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, Gupta Anirma, SVP, Chief Legal Officer sold 927 shares of the company’s stock on Mar 25 ’24. The stock was sold for $24,964 at an average price of $26.93. Upon completion of the transaction, the SVP, Chief Legal Officer now directly owns 387,743 shares in the company, valued at $10.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08 ’24, SVP Product & Technology, Grow The Felix sold 5,000 shares of the business’s stock. A total of $136,400 was realized by selling the stock at an average price of $27.28. This leaves the insider owning 293,948 shares of the company worth $7.93 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 $30.48 and a two-hundred day moving average price translates $34.11 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 $432.28M in revenue.
