In yesterday’s Wall Street session, Unity Software Inc (NYSE:U) shares traded at $17.65, up 4.25% from the previous session.
U stock price is now -6.07% away from the 50-day moving average and -35.35% away from the 200-day moving average. The market capitalization of the company currently stands at $6.90B.
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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, Gupta Anirma, SVP, Chief Legal Officer sold 1,566 shares of the company’s stock on Jun 24 ’24. The stock was sold for $24,868 at an average price of $15.88. Upon completion of the transaction, the SVP, Chief Legal Officer now directly owns 362,644 shares in the company, valued at $6.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 18 ’24, Director Lee Michelle K. sold 800 shares of the business’s stock. A total of $13,056 was realized by selling the stock at an average price of $16.32. This leaves the insider owning 9,261 shares of the company worth $0.16 million. A total of 27.22% of the company’s stock is owned by insiders.
During the past 12 months, Unity Software Inc has had a low of $15.15 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 $18.6608 and a two-hundred day moving average price translates $27.2346 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.
