In yesterday’s Wall Street session, Unity Software Inc (NYSE:U) shares traded at $20.90, down -8.93% from the previous session.
U stock price is now -8.30% away from the 50-day moving average and 2.02% away from the 200-day moving average. The market capitalization of the company currently stands at $8.42B.
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, Bar-Zeev Tomer, Director sold 250,000 shares of the company’s stock on Jan 02 ’25. The stock was sold for $6,254,434 at an average price of $25.02. Upon completion of the transaction, the Director now directly owns 3,648,146 shares in the company, valued at $76.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’25, Director Tomer Bar-Zeev bought 750,000 shares of the business’s stock. A total of $18,382,500 was incurred on buying the stock at an average price of $24.51. A total of 24.89% 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 $38.85. 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 $22.7916 and a two-hundred day moving average price translates $20.4858 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.
