The price of Unity Software Inc (NYSE:U) shares last traded on Wall Street rose 2.02% to $16.70.
U stock price is now 2.91% away from the 50-day moving average and -34.07% away from the 200-day moving average. The market capitalization of the company currently stands at $6.63B.
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With the price target maintained at $22, Morgan Stanley recently Upgraded its rating from Equal-Weight to Overweight for Unity Software Inc (NYSE: U). On February 27, 2024, Piper Sandler Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock reducing its target price from $35 to quote $30, while ‘Macquarie’ rates the stock as ‘Underperform’
In other news, Carpenter Carol W., Former Affiliate bought 3,000 shares of the company’s stock on Sep 03 ’24. The stock was bought for $53,850 at an average price of $17.95. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30 ’24, Former Affiliate Visoso Luis Felipe bought 161,322 shares of the business’s stock. A total of $2,611,232 was incurred on buying the stock at an average price of $16.19. A total of 29.15% 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 $43.54. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 2.35, and a quick ratio of 2.35. The fifty day moving average price for U is $16.2428 and a two-hundred day moving average price translates $25.26635 for the stock.
The latest earnings results from Unity Software Inc (NYSE: U) was released for 2024-06-30. The net profit margin was -38.46% and return on equity was -23.93% for U. The company reported revenue of $449.26 million for the quarter, compared to $533.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.79 percent.
