In yesterday’s Wall Street session, Unity Software Inc (NYSE:U) shares traded at $17.57, down -2.23% from the previous session.
U stock price is now -22.47% away from the 50-day moving average and -40.46% away from the 200-day moving average. The market capitalization of the company currently stands at $6.87B.
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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, Whitten Marc, Chief Prod & Tech Officer sold 9,405 shares of the company’s stock on May 29 ’24. The stock was sold for $176,908 at an average price of $18.81. Upon completion of the transaction, the Chief Prod & Tech Officer now directly owns 948,836 shares in the company, valued at $16.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 29 ’24, Chief Prod & Tech Officer Whitten Marc sold 2,483 shares of the business’s stock. A total of $46,805 was realized by selling the stock at an average price of $18.85. A total of 27.19% of the company’s stock is owned by insiders.
During the past 12 months, Unity Software Inc has had a low of $17.19 and a high of $50.08. As of last week, the company has a debt-to-equity ratio of 0.75, a current ratio of 2.14, and a quick ratio of 2.14. The fifty day moving average price for U is $22.662 and a two-hundred day moving average price translates $29.5071 for the stock.
The latest earnings results from Unity Software Inc (NYSE: U) was released for 2024-03-31. The net profit margin was -40.05% and return on equity was -25.89% for U. The company reported revenue of $460.38 million for the quarter, compared to $500.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.99 percent.
