The price of Unity Software Inc (NYSE:U) shares last traded on Wall Street fell -1.59% to $14.25.
U stock price is now -15.17% away from the 50-day moving average and -45.80% away from the 200-day moving average. The market capitalization of the company currently stands at $5.57B.
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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, Officer bought 1,506 shares of the company’s stock on Jul 29 ’24. The stock was bought for $25,195 at an average price of $16.73. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 29 ’24, SVP, Chief Legal Officer Gupta Anirma sold 1,506 shares of the business’s stock. A total of $25,195 was realized by selling the stock at an average price of $16.73. This leaves the insider owning 409,540 shares of the company worth $5.84 million. A total of 27.24% of the company’s stock is owned by insiders.
During the past 12 months, Unity Software Inc has had a low of $13.91 and a high of $43.54. 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 $16.6906 and a two-hundred day moving average price translates $26.2272 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. For the current quarter, analysts expect U to generate $439.45M in revenue.
