Stocks of Unity Software Inc (NYSE:U) traded higher last session on Wall Street, up 0.82% to $24.45.
U stock price is now 14.33% away from the 50-day moving average and 16.58% away from the 200-day moving average. The market capitalization of the company currently stands at $9.85B.
With the price target of $20, Wells Fargo recently initiated with Equal Weight rating for Unity Software Inc (NYSE: U). On September 13, 2024, Stifel reiterated its ‘Buy’ rating on the stock by increasing its target price from $20 to quote $25, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, The Felix, SVP Product & Technology, Grow sold 11,719 shares of the company’s stock on Nov 25 ’24. The stock was sold for $285,795 at an average price of $24.39. Upon completion of the transaction, the SVP Product & Technology, Grow now directly owns 411,960 shares in the company, valued at $10.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, SVP, Chief Legal Officer Gupta Anirma sold 10,465 shares of the business’s stock. A total of $255,086 was realized by selling the stock at an average price of $24.38. This leaves the insider owning 575,811 shares of the company worth $14.08 million. A total of 28.09% of the company’s stock is owned by insiders.
During the past 12 months, Unity Software Inc has had a low of $13.90 and a high of $43.54. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 2.41, and a quick ratio of 2.41. The fifty day moving average price for U is $21.323 and a two-hundred day moving average price translates $21.0194 for the stock.
The latest earnings results from Unity Software Inc (NYSE: U) was released for 2024-09-30. The net profit margin was -40.41% and return on equity was -24.72% for U. The company reported revenue of $446.52 million for the quarter, compared to $544.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.95 percent.
