Stocks of Unity Software Inc (NYSE:U) traded higher last session on Wall Street, up 0.30% to $23.13.
U stock price is now 0.65% away from the 50-day moving average and 13.80% away from the 200-day moving average. The market capitalization of the company currently stands at $9.32B.
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, Barrysmith Mark, SVP, Chief Accounting Officer sold 1,362 shares of the company’s stock on Jan 16 ’25. The stock was sold for $29,841 at an average price of $21.91. Upon completion of the transaction, the SVP, Chief Accounting Officer now directly owns 452,276 shares in the company, valued at $10.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 16 ’25, Officer Barrysmith Mark bought 1,362 shares of the business’s stock. A total of $29,841 was incurred on buying the stock at an average price of $21.91. 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 $35.56. 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 $22.962 and a two-hundred day moving average price translates $20.33645 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. For the current quarter, analysts expect U to generate $433.47M in revenue.
